Partners Group Holding AG Has $477,000 Position in Energy Transfer LP (NYSE:ET)

Partners Group Holding AG trimmed its holdings in shares of Energy Transfer LP (NYSE:ET) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,342 shares of the pipeline company’s stock after selling 3,213 shares during the quarter. Partners Group Holding AG’s holdings in Energy Transfer were worth $477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ET. Meridian Wealth Advisors LLC grew its stake in shares of Energy Transfer by 8.5% in the fourth quarter. Meridian Wealth Advisors LLC now owns 66,228 shares of the pipeline company’s stock worth $1,297,000 after purchasing an additional 5,174 shares during the last quarter. LPL Financial LLC lifted its holdings in Energy Transfer by 8.3% during the 4th quarter. LPL Financial LLC now owns 5,118,880 shares of the pipeline company’s stock worth $100,279,000 after buying an additional 392,492 shares during the period. Samalin Investment Counsel LLC grew its position in shares of Energy Transfer by 8.6% in the 4th quarter. Samalin Investment Counsel LLC now owns 51,845 shares of the pipeline company’s stock valued at $1,016,000 after buying an additional 4,095 shares during the last quarter. Fortis Capital Management LLC increased its stake in shares of Energy Transfer by 1.9% in the fourth quarter. Fortis Capital Management LLC now owns 32,556 shares of the pipeline company’s stock valued at $638,000 after buying an additional 600 shares during the period. Finally, Sfmg LLC raised its position in shares of Energy Transfer by 20.8% during the fourth quarter. Sfmg LLC now owns 37,226 shares of the pipeline company’s stock worth $729,000 after acquiring an additional 6,412 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Trading Down 1.1 %

Shares of Energy Transfer stock opened at $18.65 on Friday. 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 LP has a 52 week low of $14.90 and a 52 week high of $21.45. The stock has a 50 day moving average price of $19.57 and a two-hundred day moving average price of $18.27. The stock has a market capitalization of $63.98 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. As a group, equities analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 6.97%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is 101.56%.

Analyst Ratings Changes

A number of analysts have weighed in on ET shares. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.