Energy Transfer LP (NYSE:ET) Shares Bought by Mather Group LLC.

Mather Group LLC. increased its stake in Energy Transfer LP (NYSE:ET) by 95.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,518 shares of the pipeline company’s stock after acquiring an additional 21,740 shares during the period. Mather Group LLC.’s holdings in Energy Transfer were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Northwest Financial Advisors purchased a new stake in shares of Energy Transfer during the fourth quarter worth $25,000. LRI Investments LLC bought a new position in Energy Transfer during the first quarter valued at about $29,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $33,000. Harbor Investment Advisory LLC boosted its stake in Energy Transfer by 42.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after buying an additional 750 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Energy Transfer in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ET. Mizuho boosted their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. UBS Group raised their price target on Energy Transfer from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Stifel Nicolaus boosted their price objective on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Morgan Stanley raised their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.29.

Energy Transfer Trading Up 0.7 %

NYSE:ET traded up $0.11 during trading hours on Wednesday, hitting $16.10. The stock had a trading volume of 6,338,042 shares, compared to its average volume of 13,004,744. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.18. The business’s 50 day moving average is $15.93 and its 200-day moving average is $15.47. Energy Transfer LP has a one year low of $12.46 and a one year high of $16.50. The company has a market cap of $54.26 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 0.42 and a beta of 1.66.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The business had revenue of $21.63 billion for the quarter, compared to analyst estimates of $20.91 billion. During the same period last year, the firm earned $0.32 EPS. Energy Transfer’s quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Energy Transfer LP will post 1.49 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Friday, August 9th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is currently 117.43%.

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.