Marshall Wace North America L.P. Invests $26.08 Million in Energy Transfer LP Unit (NYSE:ET) Stock

Marshall Wace North America L.P. 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 & Exchange Commission. The fund bought 1,696,939 shares of the pipeline company’s stock, valued at approximately $26,082,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Focused Wealth Management Inc acquired a new position in Energy Transfer LP Unit during the first quarter valued at $25,000. Meridian Wealth Management LLC acquired a new position in Energy Transfer LP Unit during the first quarter valued at $28,000. Global Retirement Partners LLC acquired a new position in Energy Transfer LP Unit during the first quarter valued at $32,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Energy Transfer LP Unit during the first quarter valued at $34,000. Finally, Shamrock Asset Management LLC acquired a new position in Energy Transfer LP Unit during the first quarter valued at $36,000. Institutional investors own 56.97% of the company’s stock.

A number of research analysts recently issued reports on ET shares. TheStreet upgraded shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. Zacks Investment Research upgraded shares of Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, April 17th. Citigroup boosted their target price on shares of Energy Transfer LP Unit from $16.00 to $19.50 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stifel Nicolaus restated a “buy” rating and set a $20.00 target price on shares of Energy Transfer LP Unit in a research report on Thursday, February 21st. Finally, ValuEngine upgraded shares of Energy Transfer LP Unit from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.25.

Shares of Energy Transfer LP Unit stock opened at $14.17 on Monday. The stock has a market capitalization of $37.12 billion, a price-to-earnings ratio of 11.07 and a beta of 1.64. 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 current ratio of 1.06 and a quick ratio of 0.81.

Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business 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 company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts predict that Energy Transfer LP Unit will post 1.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Tuesday, May 7th were given a $0.305 dividend. The ex-dividend date was Monday, May 6th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.61%. Energy Transfer LP Unit’s dividend payout ratio (DPR) is currently 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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Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

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