one8zero8 LLC Invests $917,000 in Energy Transfer LP (NYSE:ET)

one8zero8 LLC acquired a new position in Energy Transfer LP (NYSE:ET) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 46,834 shares of the pipeline company’s stock, valued at approximately $917,000.

Several other institutional investors have also recently made changes to their positions in ET. Assetmark Inc. raised its stake in shares of Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,668 shares during the period. GAMMA Investing LLC bought a new position in shares of Energy Transfer in the fourth quarter worth about $29,000. United Community Bank bought a new position in shares of Energy Transfer in the fourth quarter worth about $35,000. Financial Life Planners bought a new position in shares of Energy Transfer in the fourth quarter worth about $37,000. Finally, Tortoise Investment Management LLC raised its stake in shares of Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after buying an additional 1,000 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

NYSE ET opened at $18.72 on Friday. The stock has a market capitalization of $64.22 billion, a PE ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72. The business has a 50 day simple moving average of $19.65 and a two-hundred day simple moving average of $18.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. Energy Transfer LP has a 1-year low of $14.90 and a 1-year high of $21.45.

Energy Transfer (NYSE:ET) last announced 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 return on equity of 11.56% and a net margin of 5.74%. On average, research analysts predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 6.95%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is presently 101.56%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Wells Fargo & Company lifted their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Citigroup lifted their target price on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus lifted their target price on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their target price on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.55.

About 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.