Energy Transfer LP (NYSE:ET) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of Energy Transfer LP (NYSE:ET) by 142.9% during the 4th quarter, HoldingsChannel reports. The firm owned 207,709 shares of the pipeline company’s stock after buying an additional 122,203 shares during the quarter. Cerity Partners LLC’s holdings in Energy Transfer were worth $2,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ET. Bank of New York Mellon Corp boosted its stake in shares of Energy Transfer by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 79,889 shares of the pipeline company’s stock valued at $894,000 after buying an additional 3,501 shares during the period. Cibc World Market Inc. boosted its stake in shares of Energy Transfer by 0.6% during the 1st quarter. Cibc World Market Inc. now owns 424,932 shares of the pipeline company’s stock valued at $4,755,000 after buying an additional 2,403 shares during the period. Blair William & Co. IL boosted its stake in shares of Energy Transfer by 13.7% during the 1st quarter. Blair William & Co. IL now owns 260,824 shares of the pipeline company’s stock valued at $2,919,000 after buying an additional 31,407 shares during the period. Cetera Investment Advisers boosted its stake in shares of Energy Transfer by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 159,249 shares of the pipeline company’s stock valued at $1,782,000 after buying an additional 10,856 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Energy Transfer by 43.0% during the 1st quarter. NewEdge Advisors LLC now owns 192,394 shares of the pipeline company’s stock valued at $2,153,000 after buying an additional 57,880 shares during the period. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Stock Up 1.9 %

Energy Transfer stock opened at $15.53 on Friday. The firm has a market cap of $52.31 billion, a price-to-earnings ratio of 14.24 and a beta of 1.64. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.04. The firm has a fifty day moving average price of $15.16 and a two-hundred day moving average price of $14.23.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The firm had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.315 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.26 annualized dividend and a dividend yield of 8.12%. Energy Transfer’s payout ratio is presently 115.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. UBS Group reduced their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, Mizuho reaffirmed a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.