First Trust Advisors LP Takes $4.66 Million Position in Energy Transfer LP Unit (NYSE:ET)

First Trust Advisors LP bought a new stake in shares of Energy Transfer LP Unit (NYSE:ET) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 303,214 shares of the pipeline company’s stock, valued at approximately $4,660,000.

A number of other institutional investors have also recently made changes to their positions in ET. Alps Advisors Inc. purchased a new stake in shares of Energy Transfer LP Unit during the first quarter worth $928,701,000. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Energy Transfer LP Unit during the first quarter worth $660,951,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Energy Transfer LP Unit during the first quarter worth $375,265,000. Comerica Bank purchased a new stake in shares of Energy Transfer LP Unit during the first quarter worth $272,318,000. Finally, Delphi Financial Group Inc. purchased a new stake in shares of Energy Transfer LP Unit during the first quarter worth $95,035,000. Institutional investors own 57.11% of the company’s stock.

NYSE ET opened at $14.32 on Wednesday. Energy Transfer LP Unit has a fifty-two week low of $11.68 and a fifty-two week high of $19.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.81 and a current ratio of 1.06. The stock has a market cap of $37.33 billion, a price-to-earnings ratio of 12.45 and a beta of 1.64.

Energy Transfer LP Unit (NYSE:ET) last posted its earnings results on Wednesday, May 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Energy Transfer LP Unit had a return on equity of 7.61% and a net margin of 4.03%. The company had revenue of $13.12 billion for the quarter, compared to analyst estimates of $14.39 billion. Energy Transfer LP Unit’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts anticipate that Energy Transfer LP Unit will post 1.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.305 per share. The ex-dividend date was Monday, May 6th. This represents a $1.22 annualized dividend and a yield of 8.52%. Energy Transfer LP Unit’s dividend payout ratio (DPR) is currently 106.09%.

Several brokerages recently issued reports on ET. Zacks Investment Research lowered Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Citigroup increased their price objective on Energy Transfer LP Unit from $16.00 to $19.50 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Raymond James upgraded Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, April 16th. ValuEngine lowered Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Finally, TheStreet upgraded Energy Transfer LP Unit from a “c+” rating to a “b” rating in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Energy Transfer LP Unit has an average rating of “Buy” and a consensus price target of $19.25.

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

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