O Brien Greene & Co. Inc Takes $319,000 Position in Energy Transfer LP (NYSE:ET)

O Brien Greene & Co. Inc bought a new position in shares of Energy Transfer LP (NYSE:ET) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,268 shares of the pipeline company’s stock, valued at approximately $319,000.

A number of other large investors have also added to or reduced their stakes in ET. Princeton Global Asset Management LLC increased its holdings in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 650 shares during the last quarter. Assetmark Inc. grew its stake in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after buying an additional 1,668 shares during the last quarter. GAMMA Investing LLC acquired a new position in Energy Transfer in the 4th quarter valued at about $29,000. Financial Life Planners bought a new position in Energy Transfer in the 4th quarter valued at about $37,000. Finally, Citizens National Bank Trust Department acquired a new stake in Energy Transfer during the fourth quarter worth approximately $39,000. Institutional investors own 38.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ET shares. Royal Bank of Canada increased their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays increased their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group boosted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.18.

Energy Transfer Price Performance

Shares of ET stock opened at $20.14 on Thursday. The company has a market cap of $68.94 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.52 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a twelve month low of $14.52 and a twelve month high of $21.45. The business has a fifty day simple moving average of $19.85 and a 200 day simple moving average of $17.86.

Energy Transfer (NYSE:ET) last issued its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.66%. On average, sell-side analysts forecast that Energy Transfer LP will post 1.47 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s payout ratio is 101.56%.

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.