Financial Counselors Inc. purchased a new stake in Energy Transfer LP Unit (NYSE:ET) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,889 shares of the pipeline company’s stock, valued at approximately $198,000.

Other large investors also recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new position in Energy Transfer LP Unit in the first quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in Energy Transfer LP Unit in the first quarter valued at approximately $32,000. Shamrock Asset Management LLC acquired a new position in Energy Transfer LP Unit in the first quarter valued at approximately $36,000. First Interstate Bank acquired a new position in Energy Transfer LP Unit in the first quarter valued at approximately $44,000. Finally, Parallel Advisors LLC acquired a new position in Energy Transfer LP Unit in the first quarter valued at approximately $44,000. 57.11% of the stock is owned by institutional investors.

A number of analysts have recently commented on ET shares. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective on shares of Energy Transfer LP Unit in a research report on Thursday, February 21st. Raymond James upgraded Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. ValuEngine cut Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. TheStreet upgraded Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. Finally, Zacks Investment Research upgraded Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.25.

Energy Transfer LP Unit stock opened at $14.04 on Tuesday. The company has a market capitalization of $35.99 billion, a PE ratio of 12.21 and a beta of 1.64. Energy Transfer LP Unit has a 12 month low of $11.68 and a 12 month high of $19.19. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.81.

Energy Transfer LP Unit (NYSE:ET) last posted its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $13.12 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Energy Transfer LP Unit had a return on equity of 7.61% and a net margin of 4.03%. Energy Transfer LP Unit’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that Energy Transfer LP Unit will post 1.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Tuesday, May 7th were given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date was Monday, May 6th. Energy Transfer LP Unit’s dividend payout ratio (DPR) is presently 106.09%.

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About Energy Transfer LP Unit

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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Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

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