Fort Washington Investment Advisors Inc. OH Sells 92,403 Shares of Energy Transfer LP $ET

Fort Washington Investment Advisors Inc. OH decreased its position in Energy Transfer LP (NYSE:ETFree Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,545 shares of the pipeline company’s stock after selling 92,403 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Energy Transfer were worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Energy Transfer during the third quarter worth approximately $34,000. Core Alternative Capital bought a new stake in shares of Energy Transfer in the 3rd quarter worth approximately $46,000. Global Wealth Strategies & Associates boosted its stake in shares of Energy Transfer by 196.4% in the 4th quarter. Global Wealth Strategies & Associates now owns 2,964 shares of the pipeline company’s stock valued at $49,000 after purchasing an additional 1,964 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Energy Transfer during the 2nd quarter valued at $50,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Energy Transfer by 38.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock valued at $50,000 after purchasing an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 1.1%

Shares of ET opened at $19.66 on Friday. The stock has a market capitalization of $67.62 billion, a P/E ratio of 16.24, a PEG ratio of 1.09 and a beta of 0.63. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $19.82. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $18.55 and a two-hundred day simple moving average of $17.41.

Energy Transfer (NYSE:ETGet Free Report) last released its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The firm had revenue of $25.32 billion during the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. Energy Transfer’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were issued a $0.335 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, February 6th. This represents a $1.34 annualized dividend and a yield of 6.8%. Energy Transfer’s dividend payout ratio (DPR) is 110.74%.

Key Headlines Impacting Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ET shares. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Barclays restated an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. Truist Financial started coverage on Energy Transfer in a report on Tuesday. They issued a “buy” rating and a $23.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Energy Transfer in a research note on Wednesday, December 24th. Finally, Morgan Stanley increased their target price on Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

View Our Latest Stock Report on Energy Transfer

Energy Transfer Company Profile

(Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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