Catalyst Capital Advisors LLC purchased a new position in Energy Transfer LP Unit (NYSE:ET) in the first quarter, HoldingsChannel reports. The fund purchased 1,020,925 shares of the pipeline company’s stock, valued at approximately $15,692,000. Energy Transfer LP Unit accounts for approximately 0.5% of Catalyst Capital Advisors LLC’s portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of ET. Alps Advisors Inc. bought a new position in shares of Energy Transfer LP Unit in the first quarter valued at about $928,701,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Energy Transfer LP Unit in the first quarter valued at about $660,951,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Energy Transfer LP Unit in the first quarter valued at about $375,265,000. Comerica Bank bought a new position in shares of Energy Transfer LP Unit in the first quarter valued at about $272,318,000. Finally, Delphi Financial Group Inc. bought a new position in shares of Energy Transfer LP Unit in the first quarter valued at about $95,035,000. 55.58% of the stock is owned by institutional investors and hedge funds.

Energy Transfer LP Unit stock opened at $14.92 on Thursday. The stock has a market cap of $39.11 billion, a PE ratio of 12.97 and a beta of 1.71. Energy Transfer LP Unit has a 1 year low of $11.68 and a 1 year 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 (EPS) 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 business had revenue of $13.12 billion during the quarter, compared to analyst estimates of $14.39 billion. Energy Transfer LP Unit’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that Energy Transfer LP Unit will post 1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date was Monday, May 6th. Energy Transfer LP Unit’s dividend payout ratio is currently 106.09%.

A number of analysts recently commented on ET shares. Raymond James upgraded Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. 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. Citigroup lifted their price objective on Energy Transfer LP Unit from $16.00 to $19.50 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. ValuEngine lowered Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus reiterated 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.25.

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Energy Transfer LP Unit 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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