Energy Transfer LP (NYSE:ET) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in Energy Transfer LP (NYSE:ET) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,278 shares of the pipeline company’s stock after purchasing an additional 43,899 shares during the period. Jones Financial Companies Lllp’s holdings in Energy Transfer were worth $6,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SRS Capital Advisors Inc. grew its position in Energy Transfer by 8.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 34,294 shares of the pipeline company’s stock worth $672,000 after buying an additional 2,683 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of Energy Transfer during the 4th quarter valued at $47,000. Jacobi Capital Management LLC boosted its stake in shares of Energy Transfer by 1.6% during the 4th quarter. Jacobi Capital Management LLC now owns 110,679 shares of the pipeline company’s stock worth $2,168,000 after acquiring an additional 1,754 shares in the last quarter. US Bancorp DE grew its holdings in shares of Energy Transfer by 242.9% in the 4th quarter. US Bancorp DE now owns 493,107 shares of the pipeline company’s stock worth $9,660,000 after acquiring an additional 349,307 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Energy Transfer by 5.4% during the fourth quarter. Fisher Asset Management LLC now owns 42,259 shares of the pipeline company’s stock worth $828,000 after purchasing an additional 2,184 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ET shares. Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus upped their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. 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 note on Wednesday, December 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.55.

Energy Transfer Stock Down 1.3 %

ET stock opened at $19.04 on Tuesday. The company has a 50 day moving average of $19.92 and a two-hundred day moving average of $18.07. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. Energy Transfer LP has a 12-month low of $14.87 and a 12-month high of $21.45. The company has a market cap of $65.33 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.64 and a beta of 1.69.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.83%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s payout ratio is currently 101.56%.

Energy Transfer 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.