Chancellor Financial Group WB LP Invests $303,000 in Energy Transfer LP (NYSE:ET)

Chancellor Financial Group WB LP acquired a new position in shares of Energy Transfer LP (NYSE:ET - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,467 shares of the pipeline company's stock, valued at approximately $303,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. purchased a new position in Energy Transfer in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Energy Transfer in the fourth quarter worth approximately $26,000. Fourth Dimension Wealth LLC bought a new position in Energy Transfer during the fourth quarter valued at approximately $29,000. United Community Bank acquired a new position in shares of Energy Transfer during the 4th quarter worth $35,000. Finally, Financial Life Planners bought a new position in shares of Energy Transfer during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Performance

Energy Transfer stock traded down $0.20 during trading hours on Friday, hitting $17.48. The stock had a trading volume of 12,752,096 shares, compared to its average volume of 15,467,734. The company has a market cap of $59.99 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The company has a 50-day moving average of $17.30 and a two-hundred day moving average of $18.61. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

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

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's payout ratio is presently 99.24%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus increased their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Finally, Mizuho raised their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.64.

About Energy Transfer

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.