Energy Transfer LP (NYSE:ET) Shares Sold by Vista Investment Partners LLC

Vista Investment Partners LLC lessened its position in shares of Energy Transfer LP (NYSE:ET) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,147 shares of the pipeline company’s stock after selling 5,275 shares during the quarter. Vista Investment Partners LLC’s holdings in Energy Transfer were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ET. Hsbc Holdings PLC acquired a new stake in Energy Transfer in the second quarter valued at approximately $290,000. Sei Investments Co. increased its stake in shares of Energy Transfer by 77.4% during the second quarter. Sei Investments Co. now owns 46,063 shares of the pipeline company’s stock worth $747,000 after purchasing an additional 20,093 shares in the last quarter. Bank of Montreal Can raised its position in shares of Energy Transfer by 4.1% during the 2nd quarter. Bank of Montreal Can now owns 98,342 shares of the pipeline company’s stock worth $1,598,000 after purchasing an additional 3,887 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Energy Transfer in the second quarter worth approximately $422,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in Energy Transfer by 53.6% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 9,221 shares of the pipeline company’s stock valued at $150,000 after purchasing an additional 3,219 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ET has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Bank of America initiated coverage on Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company raised their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and ten have assigned 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 an average price target of $20.82.

Energy Transfer Stock Down 0.6 %

NYSE:ET opened at $20.93 on Friday. Energy Transfer LP has a 52 week low of $13.79 and a 52 week high of $21.45. The stock’s fifty day moving average is $19.39 and its two-hundred day moving average is $17.34. The stock has a market capitalization of $71.68 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 0.55 and a beta of 1.70. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion during the quarter, compared to analyst estimates of $21.59 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts anticipate that Energy Transfer LP will post 1.37 EPS for the current year.

Energy Transfer Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were given a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date was Friday, November 8th. Energy Transfer’s dividend payout ratio is currently 94.85%.

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.