TIAA Trust National Association Buys 1,031 Shares of Energy Transfer LP (NYSE:ET)

TIAA Trust National Association lifted its position in Energy Transfer LP (NYSE:ET) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,702 shares of the pipeline company’s stock after acquiring an additional 1,031 shares during the quarter. TIAA Trust National Association’s holdings in Energy Transfer were worth $308,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in Energy Transfer in the 4th quarter worth about $25,000. GAMMA Investing LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $29,000. United Community Bank purchased a new stake in shares of Energy Transfer during the fourth quarter valued at approximately $35,000. Financial Life Planners bought a new stake in Energy Transfer during the fourth quarter worth $37,000. Finally, Tortoise Investment Management LLC lifted its holdings in Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 1,000 shares during the period. 38.22% of the stock is owned by institutional investors.

Energy Transfer Price Performance

Shares of NYSE ET opened at $18.72 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45. The stock has a market cap of $64.22 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The stock has a fifty day moving average of $19.46 and a 200-day moving average of $18.36.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Equities research analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Friday, February 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is 101.56%.

Analyst Upgrades and Downgrades

ET has been the subject of several research analyst reports. Barclays raised their target price on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Stifel Nicolaus raised their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. 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. Wells Fargo & Company raised their price target 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, UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.09.

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.