Energy Transfer LP $ET Shares Acquired by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors increased its stake in Energy Transfer by 9.1% to 1,560,110 shares (about $25.73M), making ET its 29th largest holding.
• Energy Transfer reported a revenue beat ($25.32B, +29.6% YoY) but missed EPS expectations ($0.25 vs. $0.34), with analysts projecting roughly $1.46 in EPS for the year.
• The company raised its quarterly dividend to $0.335 (annualized $1.34) for a 7.0% yield

U.S. Capital Wealth Advisors LLC grew its stake in Energy Transfer LP (NYSE:ET - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,560,110 shares of the pipeline company's stock after buying an additional 129,489 shares during the quarter. Energy Transfer accounts for about 0.7% of U.S. Capital Wealth Advisors LLC's portfolio, making the stock its 29th largest holding. U.S. Capital Wealth Advisors LLC's holdings in Energy Transfer were worth $25,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ET. Financial Life Planners acquired a new position in shares of Energy Transfer in the 3rd quarter valued at about $34,000. Core Alternative Capital acquired a new position in shares of Energy Transfer in the 3rd quarter valued at about $46,000. Global Wealth Strategies & Associates increased its stake in shares of Energy Transfer by 196.4% in the 4th quarter. Global Wealth Strategies & Associates now owns 2,964 shares of the pipeline company's stock valued at $49,000 after purchasing an additional 1,964 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Energy Transfer in the 2nd quarter valued at about $50,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Energy Transfer by 38.9% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company's stock valued at $50,000 after purchasing an additional 817 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays restated an "overweight" rating and issued a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. Royal Bank Of Canada upgraded Energy Transfer to a "moderate buy" rating in a research note on Monday, December 15th. Wells Fargo & Company lifted their price target on Energy Transfer from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, March 13th. Morgan Stanley lifted their price target on Energy Transfer from $19.00 to $21.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 10th. Finally, Scotiabank restated an "outperform" rating on shares of Energy Transfer in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Energy Transfer has a consensus rating of "Moderate Buy" and an average target price of $21.60.

Energy Transfer Price Performance

NYSE:ET opened at $19.21 on Friday. Energy Transfer LP has a 12 month low of $15.41 and a 12 month high of $19.85. The stock has a 50 day moving average of $18.79 and a two-hundred day moving average of $17.53. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50. The firm has a market cap of $66.07 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The firm had revenue of $25.32 billion for the quarter, compared to analysts' expectations of $23.56 billion. During the same quarter last year, the firm posted $0.29 earnings per share. Energy Transfer's quarterly revenue was up 29.6% on a year-over-year basis. On average, analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were paid a dividend of $0.335 per share. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date was Friday, February 6th. This represents a $1.34 annualized dividend and a yield of 7.0%. Energy Transfer's dividend payout ratio (DPR) is presently 110.74%.

Energy Transfer Profile

Energy Transfer NYSE: ET is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company's operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

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