EverSource Wealth Advisors LLC lifted its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 230.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,243 shares of the pipeline company's stock after purchasing an additional 39,202 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Energy Transfer were worth $1,102,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ET. FMR LLC lifted its position in shares of Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock worth $535,738,000 after purchasing an additional 10,195,768 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Energy Transfer by 36.7% in the third quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock worth $185,594,000 after purchasing an additional 3,106,631 shares in the last quarter. Citigroup Inc. raised its position in Energy Transfer by 45.9% during the third quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock worth $153,787,000 after acquiring an additional 3,013,973 shares in the last quarter. Prospera Private Wealth LLC raised its position in Energy Transfer by 1,680.2% during the third quarter. Prospera Private Wealth LLC now owns 774,194 shares of the pipeline company's stock worth $12,426,000 after acquiring an additional 730,706 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in Energy Transfer by 1,572.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company's stock worth $14,699,000 after acquiring an additional 705,475 shares in the last quarter. Institutional investors own 38.22% of the company's stock.
Shares of Energy Transfer stock opened at $18.19 on Friday. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $19.67 and a two-hundred day simple moving average of $18.14. The stock has a market capitalization of $62.40 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.
Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. Analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 7.15%. Energy Transfer's payout ratio is 101.56%.
Several analysts have issued reports on the stock. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Wells Fargo & Company upped their price target 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. The Goldman Sachs Group upped their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Stifel Nicolaus upped their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Citigroup upped their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.55.
Read Our Latest Research Report on 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.
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