Energy Transfer LP (NYSE:ET) Shares Bought by O Dell Group LLC

O Dell Group LLC lifted its position in shares of Energy Transfer LP (NYSE:ET) by 22.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the pipeline company’s stock after buying an additional 2,400 shares during the period. O Dell Group LLC’s holdings in Energy Transfer were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC increased its holdings in Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. Meriwether Wealth & Planning LLC acquired a new stake in Energy Transfer in the 4th quarter valued at approximately $865,000. SLT Holdings LLC acquired a new stake in Energy Transfer in the 4th quarter valued at approximately $196,000. Jackson Hole Capital Partners LLC increased its holdings in Energy Transfer by 1.2% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 203,924 shares of the pipeline company’s stock valued at $3,995,000 after purchasing an additional 2,387 shares during the last quarter. Finally, United Community Bank acquired a new stake in Energy Transfer in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Price Performance

Energy Transfer stock opened at $17.29 on Tuesday. The stock has a market cap of $59.33 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a fifty day simple moving average of $19.76 and a 200-day simple moving average of $18.13. Energy Transfer LP has a 12-month low of $14.87 and a 12-month 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.

Energy Transfer (NYSE:ET) last released its quarterly earnings data 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 return on equity of 11.56% and a net margin of 5.74%. Equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s dividend payout ratio (DPR) is currently 101.56%.

Analysts Set New Price Targets

Several research firms recently weighed in on ET. Barclays lifted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus lifted their target price 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. Citigroup raised their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price target 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. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and an average price target of $21.55.

Energy Transfer 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.