Doliver Advisors LP Sells 1,100 Shares of Energy Transfer LP (NYSE:ET)

Doliver Advisors LP lessened its holdings in Energy Transfer LP (NYSE:ETFree Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,346 shares of the pipeline company’s stock after selling 1,100 shares during the quarter. Doliver Advisors LP’s holdings in Energy Transfer were worth $587,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First Reserve GP XIII Ltd bought a new position in Energy Transfer during the 4th quarter worth approximately $322,097,000. Alps Advisors Inc. raised its holdings in Energy Transfer by 14.5% during the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock worth $1,033,541,000 after purchasing an additional 9,341,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Energy Transfer by 38.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after buying an additional 7,097,074 shares during the period. Clearbridge Investments LLC grew its position in shares of Energy Transfer by 18.5% during the 4th quarter. Clearbridge Investments LLC now owns 25,423,547 shares of the pipeline company’s stock worth $350,845,000 after buying an additional 3,976,676 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Energy Transfer by 1,447.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,756,955 shares of the pipeline company’s stock worth $518,460,000 after buying an additional 3,514,195 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Up 1.2 %

ET traded up $0.19 during mid-day trading on Monday, reaching $15.92. 9,211,277 shares of the stock were exchanged, compared to its average volume of 11,945,471. 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 stock has a market capitalization of $53.63 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.43 and a beta of 1.63. The company has a 50 day moving average price of $15.68 and a two-hundred day moving average price of $14.94. Energy Transfer LP has a 1 year low of $12.46 and a 1 year high of $16.40.

Energy Transfer (NYSE:ETGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $21.63 billion for the quarter, compared to analysts’ expectations of $20.91 billion. Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. Energy Transfer’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. As a group, research analysts anticipate that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were issued a $0.317 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date was Friday, May 10th. Energy Transfer’s payout ratio is 116.51%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ET shares. UBS Group raised their price objective on shares of Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Morgan Stanley raised their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. Mizuho lifted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Stifel Nicolaus lifted their price target on shares of Energy Transfer from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.29.

Check Out Our Latest Stock Analysis on Energy Transfer

Energy Transfer Profile

(Free Report)

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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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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