Brown Brothers Harriman & Co. Has $1.61 Million Holdings in Energy Transfer LP (NYSE:ET)

Brown Brothers Harriman & Co. boosted its stake in Energy Transfer LP (NYSE:ET) by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,383 shares of the pipeline company’s stock after purchasing an additional 14,982 shares during the period. Brown Brothers Harriman & Co.’s holdings in Energy Transfer were worth $1,614,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Mountain Hill Investment Partners Corp. acquired a new position in shares of Energy Transfer in the fourth quarter worth approximately $25,000. GAMMA Investing LLC bought a new stake in shares of Energy Transfer during the 4th quarter valued at about $29,000. United Community Bank acquired a new stake in Energy Transfer during the fourth quarter worth approximately $35,000. Financial Life Planners acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC boosted its stake in Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. The Goldman Sachs Group upped their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Citigroup reissued a “buy” rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, Wells Fargo & Company upped their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and a consensus target price of $22.09.

Energy Transfer Stock Performance

Shares of ET stock opened at $18.72 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a 50-day moving average of $19.46 and a 200-day moving average of $18.39. Energy Transfer LP has a one year low of $14.90 and a one year high of $21.45. The company has a market cap of $64.22 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 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 forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.95%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is currently 101.56%.

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.