Energy Transfer LP $ET Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Energy Transfer LP (NYSE:ET) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,898,420 shares of the pipeline company’s stock after acquiring an additional 544,944 shares during the period. Energy Transfer makes up about 0.6% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings, making the stock its 22nd largest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.64% of Energy Transfer worth $375,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in shares of Energy Transfer by 4.5% during the 3rd quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock worth $1,332,492,000 after purchasing an additional 3,366,734 shares during the period. Invesco Ltd. raised its holdings in Energy Transfer by 3.2% in the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock valued at $992,923,000 after buying an additional 1,773,042 shares during the period. Energy Income Partners LLC raised its holdings in Energy Transfer by 1.4% in the 3rd quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company’s stock valued at $400,706,000 after buying an additional 326,653 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Energy Transfer by 14.3% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 8,211,600 shares of the pipeline company’s stock valued at $140,911,000 after buying an additional 1,029,000 shares during the last quarter. Finally, Berkley W R Corp lifted its position in Energy Transfer by 14.5% in the third quarter. Berkley W R Corp now owns 7,250,000 shares of the pipeline company’s stock valued at $124,410,000 after buying an additional 915,506 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

ET has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Morgan Stanley upped their price objective on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Barclays reiterated an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.60.

Energy Transfer Stock Up 0.0%

ET opened at $18.76 on Tuesday. Energy Transfer LP has a one year low of $14.60 and a one year high of $19.30. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.22. The stock has a market capitalization of $64.52 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. The business’s 50-day simple moving average is $18.18 and its 200-day simple moving average is $17.31.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The firm had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, February 6th. Energy Transfer’s payout ratio is 110.74%.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.