Capital Investment Advisors LLC Has $5.77 Million Stake in Energy Transfer LP (NYSE:ET)

Capital Investment Advisors LLC boosted its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,320 shares of the pipeline company's stock after acquiring an additional 42,955 shares during the quarter. Capital Investment Advisors LLC's holdings in Energy Transfer were worth $5,769,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in shares of Energy Transfer by 12,090.8% during the 4th quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock worth $244,005,000 after purchasing an additional 12,353,441 shares in the last quarter. FMR LLC grew its position in Energy Transfer by 15.7% during the fourth quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock worth $756,840,000 after buying an additional 5,254,721 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Energy Transfer during the 4th quarter worth $79,113,000. Hsbc Holdings PLC acquired a new position in Energy Transfer in the 4th quarter valued at $50,166,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of Energy Transfer by 18.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock valued at $319,929,000 after acquiring an additional 2,512,060 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Mizuho lifted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Wells Fargo & Company dropped their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.64.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $17.94 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The firm has a market cap of $61.57 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.64 and a beta of 0.78. The business has a 50-day simple moving average of $17.20 and a two-hundred day simple moving average of $18.62. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $21.02 billion during the quarter, compared to analyst estimates of $22.28 billion. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. On average, analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were paid a $0.3275 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a yield of 7.30%. Energy Transfer's payout ratio is presently 99.24%.

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.

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