Haverford Trust Co Sells 2,612 Shares of Energy Transfer LP (NYSE:ET)

Haverford Trust Co trimmed its position in shares of Energy Transfer LP (NYSE:ET) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,564 shares of the pipeline company’s stock after selling 2,612 shares during the period. Haverford Trust Co’s holdings in Energy Transfer were worth $1,950,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ET. Mountain Hill Investment Partners Corp. purchased a new stake in Energy Transfer during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth $29,000. United Community Bank purchased a new stake in shares of Energy Transfer during the 4th quarter valued at $35,000. Financial Life Planners acquired a new stake in shares of Energy Transfer in the 4th quarter worth $37,000. Finally, Tortoise Investment Management LLC grew its stake in Energy Transfer by 111.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after buying an additional 1,000 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Trading Up 1.4 %

NYSE ET opened at $18.86 on Tuesday. Energy Transfer LP has a 1 year low of $14.90 and a 1 year high of $21.45. 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 company has a market capitalization of $64.71 billion, a PE ratio of 14.73, a P/E/G ratio of 0.64 and a beta of 1.72. The company has a fifty day moving average of $19.56 and a 200 day moving average of $18.31.

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 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%. Research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business 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. This represents a $1.30 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their price target on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays boosted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.