Energy Transfer LP (NYSE:ET) Shares Purchased by O Dell Group LLC

O Dell Group LLC increased its stake in shares of Energy Transfer LP (NYSE:ET) by 22.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,300 shares of the pipeline company’s stock after purchasing an additional 2,400 shares during the quarter. O Dell Group LLC’s holdings in Energy Transfer were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in Energy Transfer in the fourth quarter valued at $29,000. Assetmark Inc. increased its stake in Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,668 shares during the period. United Community Bank acquired a new position in Energy Transfer in the fourth quarter valued at $35,000. Financial Life Planners acquired a new position in Energy Transfer in the fourth quarter valued at $37,000. Finally, Tortoise Investment Management LLC increased its stake in Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on ET. UBS Group restated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays boosted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus boosted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Stock Down 1.0 %

ET stock opened at $17.29 on Tuesday. The company has a market cap of $59.33 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.64 and a beta of 1.72. Energy Transfer LP has a 52 week low of $14.87 and a 52 week high of $21.45. The company’s 50-day moving average price is $19.76 and its 200 day moving average price is $18.13. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Friday, February 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is 101.56%.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.