Capital Advisory Group Advisory Services LLC Sells 21,760 Shares of Energy Transfer LP (NYSE:ET)

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

Several other large investors have also recently bought and sold shares of ET. FMR LLC boosted its holdings in shares of 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 purchasing an additional 5,254,721 shares during the period. Kayne Anderson Capital Advisors LP increased its position in Energy Transfer by 7.7% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock worth $469,920,000 after acquiring an additional 1,723,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Energy Transfer by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock worth $387,416,000 after acquiring an additional 1,093,381 shares during the period. Westwood Holdings Group Inc. increased its holdings in Energy Transfer by 18.2% in 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 buying an additional 2,512,060 shares during the period. Finally, Natixis increased its holdings in Energy Transfer by 7.1% in the 4th quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock valued at $286,389,000 after buying an additional 962,800 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Performance

Shares of Energy Transfer stock traded down $0.16 during trading hours on Friday, hitting $18.30. 14,306,574 shares of the company's stock traded hands, compared to its average volume of 15,610,522. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The stock has a market capitalization of $62.78 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.64 and a beta of 0.78. The company has a fifty day simple moving average of $17.33 and a 200-day simple moving average of $18.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88.

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

Energy Transfer Increases Dividend

The business also recently declared 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 a boost from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date was Friday, May 9th. Energy Transfer's payout ratio is 99.24%.

Analysts Set New Price Targets

A number of brokerages have commented on ET. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a report on Tuesday, March 25th. Morgan Stanley increased 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. lowered their target price on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Finally, Mizuho raised their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.