Energy Transfer LP (NYSE:ET) is Natixis’ 9th Largest Position

Natixis raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,619,124 shares of the pipeline company’s stock after buying an additional 962,800 shares during the period. Energy Transfer comprises 1.7% of Natixis’ portfolio, making the stock its 9th largest holding. Natixis owned 0.43% of Energy Transfer worth $286,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ET. Mountain Hill Investment Partners Corp. bought a new stake in Energy Transfer during the fourth quarter valued at about $25,000. GAMMA Investing LLC purchased a new stake in Energy Transfer in the 4th quarter worth approximately $29,000. United Community Bank purchased a new position in Energy Transfer during the fourth quarter valued at approximately $35,000. Financial Life Planners bought a new position in shares of Energy Transfer in the fourth quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC lifted its stake in shares of Energy Transfer by 111.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ET shares. Citigroup reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Monday, March 24th. Stifel Nicolaus boosted their target price 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. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Morgan Stanley lifted their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price objective on shares of Energy Transfer in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus target price of $22.09.

Energy Transfer Price Performance

ET stock opened at $17.24 on Friday. The stock has a market cap of $59.14 billion, a PE ratio of 13.46, a P/E/G ratio of 0.64 and a beta of 1.32. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The company has a 50-day moving average price of $18.24 and a 200 day moving average price of $18.44. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. The ex-dividend date was Friday, February 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.54%. Energy Transfer’s dividend payout ratio is presently 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.