Energy Transfer LP (NYSE:ET) Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its position in shares of Energy Transfer LP (NYSE:ET) by 44.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,565 shares of the pipeline company’s stock after buying an additional 8,417 shares during the quarter. RFG Advisory LLC’s holdings in Energy Transfer were worth $380,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in Energy Transfer by 109,332.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 145,943,387 shares of the pipeline company’s stock valued at $1,732,348,000 after buying an additional 145,810,023 shares in the last quarter. Morgan Stanley lifted its position in shares of Energy Transfer by 20.9% in the fourth quarter. Morgan Stanley now owns 76,339,168 shares of the pipeline company’s stock worth $906,146,000 after purchasing an additional 13,220,435 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Energy Transfer by 14.5% in the third quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock worth $1,033,541,000 after purchasing an additional 9,341,798 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Energy Transfer by 38.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after purchasing an additional 7,097,074 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Energy Transfer by 3.9% in the third quarter. UBS Group AG now owns 25,274,342 shares of the pipeline company’s stock worth $354,599,000 after purchasing an additional 953,251 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Trading Down 1.7 %

Shares of ET stock opened at $15.42 on Friday. Energy Transfer LP has a 12 month low of $12.18 and a 12 month high of $16.04. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $15.06 and its two-hundred day moving average is $14.19. The company has a market cap of $51.96 billion, a PE ratio of 14.15 and a beta of 1.64.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $21.46 billion. During the same quarter last year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts predict that Energy Transfer LP will post 1.44 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 8.17%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 6th. Energy Transfer’s dividend payout ratio is currently 115.60%.

Analyst Upgrades and Downgrades

ET has been the topic of a number of research reports. Citigroup increased their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. UBS Group dropped their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

About Energy Transfer

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.