U.S. Capital Wealth Advisors LLC Has $22.80 Million Position in Energy Transfer LP $ET

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Energy Transfer LP by 8.6% to a total of approximately 1,257,807 shares, making Energy Transfer the firm's 27th largest holding.
• Director Kelcy L. Warren purchased 1,350,000 shares of Energy Transfer's stock for approximately $23.4 million, increasing his ownership by 1.99% to nearly 69.2 million shares.
• Energy Transfer declared a quarterly dividend of $0.33 per share, which represents an annualized yield of 7.6% despite a dividend payout ratio of 102.33%.

U.S. Capital Wealth Advisors LLC increased its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,257,807 shares of the pipeline company's stock after acquiring an additional 99,848 shares during the period. Energy Transfer comprises 0.7% of U.S. Capital Wealth Advisors LLC's investment portfolio, making the stock its 27th biggest position. U.S. Capital Wealth Advisors LLC's holdings in Energy Transfer were worth $22,804,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company's stock worth $481,000 after acquiring an additional 11,844 shares in the last quarter. State of Wyoming lifted its holdings in shares of Energy Transfer by 70.9% in the 4th quarter. State of Wyoming now owns 10,135 shares of the pipeline company's stock valued at $199,000 after buying an additional 4,203 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in shares of Energy Transfer during the 4th quarter worth $29,000. WCG Wealth Advisors LLC increased its holdings in shares of Energy Transfer by 6.4% in the 4th quarter. WCG Wealth Advisors LLC now owns 14,488 shares of the pipeline company's stock valued at $284,000 after purchasing an additional 871 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $48,426,000. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analysts Set New Price Targets

ET has been the topic of a number of research analyst reports. Wells Fargo & Company reiterated an "overweight" rating and set a $23.00 target price (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, August 12th. Cowen began coverage on Energy Transfer in a report on Monday, July 7th. They issued a "buy" rating on the stock. Morgan Stanley cut their price target on shares of Energy Transfer from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, August 26th. Scotiabank started coverage on shares of Energy Transfer in a research note on Tuesday, September 2nd. They set a "sector outperform" rating and a $23.00 price target on the stock. Finally, TD Cowen assumed coverage on Energy Transfer in a research note on Monday, July 7th. They set a "buy" rating and a $22.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

Insider Buying and Selling at Energy Transfer

In other news, Director Kelcy L. Warren purchased 1,350,000 shares of Energy Transfer stock in a transaction dated Wednesday, August 20th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $23,436,000.00. Following the acquisition, the director directly owned 69,178,477 shares in the company, valued at $1,200,938,360.72. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.28% of the stock is owned by company insiders.

Energy Transfer Price Performance

NYSE:ET traded down $0.15 during midday trading on Monday, hitting $17.15. 16,753,445 shares of the stock were exchanged, compared to its average volume of 9,657,546. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $17.53 and a two-hundred day moving average price of $17.61. The company has a market capitalization of $58.87 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.02 and a beta of 0.85.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $19.24 billion for the quarter, compared to analysts' expectations of $24.07 billion. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The firm's revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Sell-side analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Friday, August 8th were paid a dividend of $0.33 per share. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.7%. Energy Transfer's dividend payout ratio (DPR) is 102.33%.

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.