Keybank National Association OH bought a new stake in Energy Transfer LP Unit (NYSE:ET) in the first quarter, Holdings Channel reports. The firm bought 187,546 shares of the pipeline company’s stock, valued at approximately $2,883,000.

Several other institutional investors have also made changes to their positions in ET. Focused Wealth Management Inc acquired a new position in Energy Transfer LP Unit in the first quarter valued at about $25,000. Global Retirement Partners LLC acquired a new position in Energy Transfer LP Unit in the first quarter valued at about $32,000. Shamrock Asset Management LLC acquired a new position in Energy Transfer LP Unit in the first quarter valued at about $36,000. First Interstate Bank acquired a new position in Energy Transfer LP Unit in the first quarter valued at about $44,000. Finally, Parallel Advisors LLC acquired a new position in Energy Transfer LP Unit in the first quarter valued at about $44,000. 55.58% of the stock is owned by institutional investors.

Shares of NYSE ET opened at $14.60 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.81. The stock has a market cap of $38.24 billion, a price-to-earnings ratio of 12.70 and a beta of 1.71. Energy Transfer LP Unit has a 12 month low of $11.68 and a 12 month high of $19.19.

Energy Transfer LP Unit (NYSE:ET) last issued its earnings results on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $13.12 billion during the quarter, compared to the consensus estimate of $14.39 billion. Energy Transfer LP Unit had a return on equity of 7.61% and a net margin of 4.03%. The business’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts predict that Energy Transfer LP Unit will post 1.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 8.36%. The ex-dividend date was Monday, May 6th. Energy Transfer LP Unit’s payout ratio is 106.09%.

A number of research analysts recently commented on ET shares. Evercore ISI started coverage on Energy Transfer LP Unit in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. ValuEngine raised Energy Transfer LP Unit from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Citigroup boosted their price target on Energy Transfer LP Unit from $16.00 to $19.50 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, TheStreet raised Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. 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 assigned a strong buy rating to the stock. Energy Transfer LP Unit currently has a consensus 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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