Capital Advisory Group Advisory Services LLC Cuts Stake in Energy Transfer LP (NYSE:ET)

Capital Advisory Group Advisory Services LLC trimmed its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 24.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,849 shares of the pipeline company's stock after selling 21,760 shares during the period. Capital Advisory Group Advisory Services LLC's holdings in Energy Transfer were worth $1,224,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Energy Transfer by 93.4% during the fourth 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 during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Energy Transfer during the 4th quarter valued at about $41,000. Empowered Funds LLC grew its position in shares of Energy Transfer by 15.8% during the fourth quarter. Empowered Funds LLC now owns 401,491 shares of the pipeline company's stock valued at $7,865,000 after purchasing an additional 54,666 shares in the last quarter. Savant Capital LLC grew its position in shares of Energy Transfer by 10.9% during the fourth quarter. Savant Capital LLC now owns 32,242 shares of the pipeline company's stock valued at $632,000 after purchasing an additional 3,180 shares in the last quarter. Finally, Sapient Capital LLC grew its position in shares of Energy Transfer by 28.8% during the fourth quarter. Sapient Capital LLC now owns 14,864 shares of the pipeline company's stock valued at $291,000 after purchasing an additional 3,325 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ET. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Mizuho upped their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Stifel Nicolaus increased their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, Wells Fargo & Company decreased their price target on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.64.

Energy Transfer Trading Up 1.1%

Shares of Energy Transfer stock traded up $0.20 during trading on Thursday, hitting $18.45. The stock had a trading volume of 11,161,064 shares, compared to its average volume of 15,612,408. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm's fifty day simple moving average is $17.27 and its 200-day simple moving average is $18.60. The stock has a market cap of $63.32 billion, a PE ratio of 14.41, a PEG ratio of 0.64 and a beta of 0.78.

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

Energy Transfer Increases Dividend

The business also recently announced 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. This represents a $1.31 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's dividend payout ratio is currently 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.