Allianz Asset Management GmbH Has $95.67 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Allianz Asset Management GmbH boosted its position in shares of Energy Transfer LP (NYSE:ET) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,883,414 shares of the pipeline company’s stock after purchasing an additional 11,800 shares during the quarter. Allianz Asset Management GmbH’s holdings in Energy Transfer were worth $95,666,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. O Brien Greene & Co. Inc bought a new position in shares of Energy Transfer during the fourth quarter worth $319,000. Citizens National Bank Trust Department acquired a new stake in Energy Transfer during the 4th quarter worth $39,000. Concurrent Investment Advisors LLC lifted its holdings in Energy Transfer by 35.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 129,826 shares of the pipeline company’s stock worth $2,543,000 after acquiring an additional 33,723 shares in the last quarter. Hardy Reed LLC grew its stake in Energy Transfer by 3.7% in the fourth quarter. Hardy Reed LLC now owns 39,840 shares of the pipeline company’s stock valued at $780,000 after acquiring an additional 1,420 shares during the period. Finally, LMG Wealth Partners LLC bought a new stake in shares of Energy Transfer in the fourth quarter worth about $1,173,000. Institutional investors own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus upped their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Barclays upped their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.50.

Energy Transfer Stock Performance

Shares of ET opened at $19.40 on Friday. The stock has a market capitalization of $66.55 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.64 and a beta of 1.69. Energy Transfer LP has a 12 month low of $14.52 and a 12 month high of $21.45. The firm has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $17.90. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a dividend of $0.325 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 6.70%. Energy Transfer’s payout ratio is 101.56%.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.