Pathstone Family Office LLC acquired a new position in Energy Transfer LP Unit (NYSE:ET) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the pipeline company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Neville Rodie & Shaw Inc. acquired a new position in shares of Energy Transfer LP Unit during the 2nd quarter worth approximately $616,000. Buckingham Asset Management LLC increased its stake in Energy Transfer LP Unit by 118.2% in the 2nd quarter. Buckingham Asset Management LLC now owns 63,991 shares of the pipeline company’s stock valued at $901,000 after buying an additional 34,659 shares during the period. Carroll Financial Associates Inc. acquired a new position in Energy Transfer LP Unit in the 2nd quarter valued at approximately $245,000. Farmers & Merchants Investments Inc. acquired a new position in Energy Transfer LP Unit in the 2nd quarter valued at approximately $518,000. Finally, Asset Dedication LLC acquired a new position in Energy Transfer LP Unit in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 55.33% of the company’s stock.

Several research analysts have weighed in on ET shares. ValuEngine lowered shares of Energy Transfer LP Unit from a “sell” rating to a “strong sell” rating in a research note on Friday, September 6th. Wells Fargo & Co lifted their price target on Energy Transfer LP Unit from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Zacks Investment Research cut Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI set a $18.00 price target on Energy Transfer LP Unit and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Citigroup set a $20.00 price target on Energy Transfer LP Unit and gave the stock a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $19.44.

Shares of ET opened at $13.33 on Wednesday. The stock has a 50-day moving average of $13.66 and a two-hundred day moving average of $14.56. Energy Transfer LP Unit has a one year low of $11.68 and a one year high of $18.17. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 1.12. The stock has a market cap of $36.78 billion, a P/E ratio of 11.59 and a beta of 1.51.

Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $13.88 billion during the quarter, compared to analyst estimates of $14.49 billion. Energy Transfer LP Unit had a return on equity of 9.10% and a net margin of 4.99%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts predict that Energy Transfer LP Unit will post 1.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Tuesday, August 6th were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.15%. Energy Transfer LP Unit’s dividend payout ratio is presently 106.09%.

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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