Energy Transfer LP (NYSE:ET) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 228,569 shares of the pipeline company’s stock after buying an additional 769 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Energy Transfer were worth $3,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC boosted its position in shares of Energy Transfer by 88.2% during the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 927 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 750 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of Energy Transfer during the 3rd quarter worth about $37,000. Community Bank N.A. boosted its position in shares of Energy Transfer by 55.9% in the 4th quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 951 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of Energy Transfer in the 4th quarter valued at about $40,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ET. Citigroup upped their target price on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Mizuho reissued a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. Finally, UBS Group decreased their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Energy Transfer has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Energy Transfer Stock Up 0.1 %

Energy Transfer stock opened at $15.96 on Friday. Energy Transfer LP has a twelve month low of $12.18 and a twelve month high of $16.04. The stock has a 50 day moving average of $15.36 and a two-hundred day moving average of $14.33. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $53.78 billion, a price-to-earnings ratio of 14.64 and a beta of 1.64.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $21.46 billion. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Energy Transfer LP will post 1.57 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.317 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.94%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, May 10th. Energy Transfer’s dividend payout ratio is 115.60%.

Energy Transfer Company 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.