Energy Transfer LP (NYSE:ET) Stock Holdings Trimmed by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its position in Energy Transfer LP (NYSE:ET) by 47.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,534 shares of the pipeline company’s stock after selling 15,867 shares during the period. Levin Capital Strategies L.P.’s holdings in Energy Transfer were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new stake in shares of Energy Transfer in the 4th quarter worth $47,000. Jacobi Capital Management LLC raised its stake in shares of Energy Transfer by 1.6% in the 4th quarter. Jacobi Capital Management LLC now owns 110,679 shares of the pipeline company’s stock worth $2,168,000 after buying an additional 1,754 shares in the last quarter. US Bancorp DE raised its stake in shares of Energy Transfer by 242.9% in the 4th quarter. US Bancorp DE now owns 493,107 shares of the pipeline company’s stock worth $9,660,000 after buying an additional 349,307 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Energy Transfer by 5.4% in the 4th quarter. Fisher Asset Management LLC now owns 42,259 shares of the pipeline company’s stock worth $828,000 after buying an additional 2,184 shares in the last quarter. Finally, Terril Brothers Inc. raised its stake in shares of Energy Transfer by 0.4% in the 4th quarter. Terril Brothers Inc. now owns 178,916 shares of the pipeline company’s stock worth $3,505,000 after buying an additional 750 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of ET stock opened at $19.32 on Friday. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $21.45. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $66.27 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 0.64 and a beta of 1.69. The stock’s fifty day simple moving average is $19.92 and its 200-day simple moving average is $18.03.

Energy Transfer (NYSE:ET) last issued its quarterly 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 11.56%. On average, sell-side analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm 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 an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.73%. Energy Transfer’s payout ratio is currently 101.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ET. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada lifted their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Citigroup lifted their target price on Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Barclays lifted their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.55.

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.