Huntington National Bank Raises Stake in Energy Transfer LP (NYSE:ET)

Huntington National Bank lifted its position in shares of Energy Transfer LP (NYSE:ETFree Report) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,266 shares of the pipeline company’s stock after acquiring an additional 2,780 shares during the period. Huntington National Bank’s holdings in Energy Transfer were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in Energy Transfer by 109,332.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 145,943,387 shares of the pipeline company’s stock worth $1,732,348,000 after buying an additional 145,810,023 shares during the period. Morgan Stanley increased its position in Energy Transfer by 20.9% in the fourth quarter. Morgan Stanley now owns 76,339,168 shares of the pipeline company’s stock worth $906,146,000 after buying an additional 13,220,435 shares during the period. Natixis increased its position in Energy Transfer by 9.1% in the second quarter. Natixis now owns 33,145,416 shares of the pipeline company’s stock worth $420,947,000 after buying an additional 2,767,574 shares during the period. Clearbridge Investments LLC increased its position in Energy Transfer by 0.8% in the first quarter. Clearbridge Investments LLC now owns 22,600,697 shares of the pipeline company’s stock worth $252,902,000 after buying an additional 184,203 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Energy Transfer by 15.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,524,411 shares of the pipeline company’s stock worth $259,897,000 after buying an additional 2,412,874 shares during the period. 33.79% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Price Performance

Shares of NYSE ET opened at $13.94 on Friday. Energy Transfer LP has a 1-year low of $11.45 and a 1-year high of $14.65. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.85. The business’s fifty day moving average price is $13.89 and its two-hundred day moving average price is $13.61. The firm has a market capitalization of $43.84 billion, a PE ratio of 13.15 and a beta of 1.64.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th will be paid a $0.315 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.26 annualized dividend and a dividend yield of 9.04%. Energy Transfer’s dividend payout ratio is presently 118.87%.

Energy Transfer Company Profile

(Free Report)

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 miles of interstate natural gas pipeline.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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