According to its latest 13F filing, the company increased the value of the stock by 4.1% during the fourth quarter. The institutional investor now owns 20,509 of the stock of the pipeline company after adding 802 more shares in the last quarter. As of the most recent SEC filing, FAS Wealth Partners held shares in Energy Transfer worth $243,000.
ET has also been modified by several other large investors. Amundi increased its shares of Energy Transfer in the second quarter by 45.1%. Amundi owns 8,893,862 of the stock of the pipeline company valued at $85,915,000, after purchasing an additional 2,765,380 in the last quarter. Energy Income Partners LLC increased its holdings in Energy Transfer shares by 8.3% during the third quarter. Energy Income Partners LLC owns 25,529 480 shares of Energy Transfer's stock, valued at $281 590,000, after buying an additional 1,951,059 during the period. Wexford Capital LP increased its holdings in Energy Transfer shares by 733.7% during the second quarter. Wexford Capital LP owns 1,678,919 of the stock of the pipeline company valued at $2.889,000, after buying an additional 1,477.547 shares. Beaird Harris Wealth Management LLC increased its holdings in Energy Transfer shares by 1,984,491.3% during the third quarter. Beaird Harris Wealth Management LLC owns now 1,369 368 shares of stock in the pipeline company valued at $15 104,000, after buying an additional 1,369 299 shares over the period. Alliancebernstein L.P. also acquired shares of Energy Transfer during the third quarter, valued at approximately $11,551,000. The stock opened Friday at $12.84. The 50-day moving average of the company is $12.61, and its 200 day moving average is $13.30. Energy Transfer LP's 52-week low is $9.15, and its 52-week highest is $13.67. The company has a $39.73 billion market cap, a P/E ratio of 9.24, and a beta value of 1.73. The company's quick ratio is 0.93, its current ratio is 1.17, and it has a debt to equity ratio of 1.39.
The last time the company released its quarterly results was on February 15th. The pipeline company's earnings per share were $0.34, which was $0.03 less than the analysts' consensus estimate of $0.37. Energy Transfer's return on equity was 13.55%, and its net margin was 5.17%. Revenue for the quarter was $20.50 billion, which is lower than analyst expectations of $23.81billion. In the same quarter of the previous year, the company had earned $0.29 per share. Revenue was up 9.9% year-over-year. Analysts at equities firms expect Energy Transfer LP to post earnings of 1.43 per share in the current fiscal year.
Dividends on Energy Transfers Increase
A quarterly dividend was also announced by the business and paid out on February 21st. Dividends were paid to shareholders who had their shares in the company's records on February 7th. The dividend is up from Energy Transfer's prior quarterly dividend of $0.27. This is a dividend of $1.22 and a yield 9.50%. This dividend became payable on Monday, 6th February. Energy Transfer has a dividend payout ratio of 87.77%.
Analysts set new price targets
Several research analysts have made comments on the stock. Morgan Stanley raised their price target on shares of Energy Transfer to $18.00 in a research report on Monday, 9th January. The company was also given an "overweight" rating. Raymond James raised their price target on Energy Transfer to $17.00 in a research report on Thursday, 16th February. The company was also given a "strong-buy" rating. Wells Fargo & Company raised their Energy Transfer target price from $15.00 up to $16.00 in a research report on Tuesday, Feb. 21st. The company was also given an 'overweight rating'. Barclays raised their Energy Transfer target price from $14.00 up to $15.00 and gave the company a 'overweight rating' in a report published on Wednesday, 18th January. Seven analysts rate the stock as a buy and one analyst has given the company a strong-buy rating. According to MarketBeat.com Energy Transfer has an average price target of $16.43 and a consensus rating 'Buy.'
Insiders Bet on the Future
On Wednesday, 22nd February, 1,339 398 shares were purchased in a single transaction. The average price per share was $12.99, resulting in a transaction total of $17 398 780.02. The chairman owns approximately $739.363,196.25 worth of stock after the transaction. Insiders own 3.28%.
Energy Transfer Company Profile
Energy Transfer LP offers natural gas transmission and pipeline transportation services. Energy Transfer LP operates in the following segments: Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream, NGL and Refined Products Transportation and Services; Crude Oil Transportation and Services.
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