Energy Transfer LP (NYSE:ET) is Pinnacle Wealth Planning Services Inc.'s 2nd Largest Position

Pinnacle Wealth Planning Services Inc. decreased its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,832,257 shares of the pipeline company's stock after selling 448,738 shares during the period. Energy Transfer makes up about 11.3% of Pinnacle Wealth Planning Services Inc.'s investment portfolio, making the stock its 2nd largest holding. Pinnacle Wealth Planning Services Inc. owned about 0.11% of Energy Transfer worth $75,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings 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 acquiring an additional 5,254,721 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in shares of Energy Transfer by 7.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock valued at $469,920,000 after acquiring an additional 1,723,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Energy Transfer by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock valued at $387,416,000 after purchasing an additional 1,093,381 shares during the period. Westwood Holdings Group Inc. grew its position in Energy Transfer by 18.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock worth $319,929,000 after buying an additional 2,512,060 shares in the last quarter. Finally, Natixis increased its stake in Energy Transfer by 7.1% during the 4th quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock worth $286,389,000 after acquiring an additional 962,800 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Stock Down 0.6%

Shares of ET traded down $0.12 during mid-day trading on Thursday, hitting $17.65. The company's stock had a trading volume of 5,815,677 shares, compared to its average volume of 15,410,769. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.64 and a beta of 0.77. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. The company's 50-day moving average is $17.36 and its 200-day moving average is $18.60.

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 net margin of 5.74% and a return on equity of 11.56%. The company had revenue of $21.02 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the company earned $0.32 EPS. Energy Transfer's quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts forecast 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 dividend of $0.3275 per share. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.42%. Energy Transfer's dividend payout ratio is presently 99.24%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Wells Fargo & Company cut their price objective on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley increased their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Mizuho lifted their price objective 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. Finally, Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has an average 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.