Samalin Investment Counsel LLC Has $1.02 Million Position in Energy Transfer LP (NYSE:ET)

Samalin Investment Counsel LLC raised its position in shares of Energy Transfer LP (NYSE:ET) by 8.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,845 shares of the pipeline company’s stock after acquiring an additional 4,095 shares during the period. Samalin Investment Counsel LLC’s holdings in Energy Transfer were worth $1,016,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ET. GAMMA Investing LLC acquired a new stake in Energy Transfer during the 4th quarter valued at $29,000. United Community Bank purchased a new position in shares of Energy Transfer during the 4th quarter valued at $35,000. Financial Life Planners purchased a new position in shares of Energy Transfer during the 4th quarter valued at $37,000. Tortoise Investment Management LLC grew its holdings in shares of Energy Transfer by 111.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Citizens National Bank Trust Department purchased a new position in shares of Energy Transfer during the 4th quarter valued at $39,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Trading Down 1.1 %

Shares of NYSE:ET opened at $18.65 on Friday. The company has a market cap of $63.98 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.64 and a beta of 1.72. The stock’s 50-day moving average is $19.57 and its 200-day moving average is $18.27. Energy Transfer LP has a 52-week low of $14.90 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ET. UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Stifel Nicolaus upped their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Barclays upped their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.