Duff & Phelps Investment Management Co. Has $97.84 Million Position in Energy Transfer LP (NYSE:ET)

Duff & Phelps Investment Management Co. increased its stake in Energy Transfer LP (NYSE:ET) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,994,274 shares of the pipeline company’s stock after purchasing an additional 45,862 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Energy Transfer were worth $97,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in shares of Energy Transfer by 57.0% during the third quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company’s stock valued at $348,000 after purchasing an additional 7,870 shares during the period. Cerity Partners LLC boosted its position in shares of Energy Transfer by 29.1% during the third quarter. Cerity Partners LLC now owns 242,531 shares of the pipeline company’s stock worth $3,893,000 after acquiring an additional 54,611 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Energy Transfer by 19.7% in the 3rd quarter. Private Trust Co. NA now owns 24,213 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 3,983 shares during the period. FMR LLC lifted its holdings in Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after buying an additional 10,195,768 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Energy Transfer by 4.6% during the third quarter. D.A. Davidson & CO. now owns 275,483 shares of the pipeline company’s stock valued at $4,422,000 after purchasing an additional 12,146 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Down 0.1 %

Energy Transfer stock opened at $18.90 on Friday. 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 firm has a market cap of $64.86 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.64 and a beta of 1.72. The stock has a fifty day simple moving average of $19.49 and a two-hundred day simple moving average of $18.34. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data 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%. Equities analysts predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.88%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 101.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group reissued a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Citigroup restated a “buy” rating on shares of Energy Transfer in a research note on Monday. Barclays raised their target price on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus boosted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

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.