Berman Capital Advisors LLC purchased a new position in shares of Energy Transfer LP Unit (NYSE:ET) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,902 shares of the pipeline company’s stock, valued at approximately $504,000.
Other large investors have also modified their holdings of the company. Focused Wealth Management Inc acquired a new stake in shares of Energy Transfer LP Unit during the 1st quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in shares of Energy Transfer LP Unit in the first quarter worth approximately $32,000. Shamrock Asset Management LLC acquired a new stake in shares of Energy Transfer LP Unit in the first quarter worth approximately $36,000. First Interstate Bank acquired a new stake in shares of Energy Transfer LP Unit in the first quarter worth approximately $44,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Energy Transfer LP Unit in the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 57.11% of the company’s stock.
ET has been the topic of several research reports. Zacks Investment Research lowered shares of Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Citigroup lifted their price objective on shares of Energy Transfer LP Unit from $16.00 to $19.50 and gave the company a “buy” rating in a research note on Wednesday, May 8th. TheStreet upgraded shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. ValuEngine lowered shares of Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price objective on shares of Energy Transfer LP Unit in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Energy Transfer LP Unit currently has a consensus rating of “Buy” and an average price target of $19.25.
Shares of NYSE:ET traded down $0.15 during midday trading on Friday, reaching $14.17. The company had a trading volume of 7,383,039 shares, compared to its average volume of 10,762,618. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 1.52. The firm has a market cap of $37.16 billion, a PE ratio of 12.32 and a beta of 1.65. Energy Transfer LP Unit has a one year low of $11.68 and a one year high of $19.19.
Energy Transfer LP Unit (NYSE:ET) last released its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $13.12 billion during the quarter, compared to the consensus estimate of $14.39 billion. Energy Transfer LP Unit had a net margin of 4.03% and a return on equity of 7.61%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Energy Transfer LP Unit will post 1.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Tuesday, May 7th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend was Monday, May 6th. Energy Transfer LP Unit’s dividend payout ratio is presently 106.09%.
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Energy Transfer LP Unit Company Profile
Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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