Focus Partners Advisor Solutions LLC Buys 22,877 Shares of Energy Transfer LP (NYSE:ET)

Focus Partners Advisor Solutions LLC boosted its position in Energy Transfer LP (NYSE:ET - Free Report) by 64.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,293 shares of the pipeline company's stock after purchasing an additional 22,877 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Energy Transfer were worth $1,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth approximately $237,000. Koshinski Asset Management Inc. raised its position in shares of Energy Transfer by 6.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 14,603 shares of the pipeline company's stock worth $286,000 after purchasing an additional 834 shares during the last quarter. XML Financial LLC raised its position in shares of Energy Transfer by 22.3% during the 4th quarter. XML Financial LLC now owns 46,033 shares of the pipeline company's stock worth $902,000 after purchasing an additional 8,386 shares during the last quarter. Magnus Financial Group LLC raised its position in shares of Energy Transfer by 9.9% during the 4th quarter. Magnus Financial Group LLC now owns 23,575 shares of the pipeline company's stock worth $462,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Kelleher Financial Advisors grew its stake in Energy Transfer by 1.3% in the 4th quarter. Kelleher Financial Advisors now owns 81,019 shares of the pipeline company's stock worth $1,587,000 after acquiring an additional 1,019 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Up 0.6%

Energy Transfer stock traded up $0.11 during trading hours on Tuesday, hitting $17.96. The company had a trading volume of 2,478,444 shares, compared to its average volume of 15,436,998. The firm has a market capitalization of $61.62 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. 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 moving average is $17.39 and its 200-day moving average is $18.61. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share for the quarter, beating 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 firm had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business earned $0.32 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current 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 given a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 7.30%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 9th. Energy Transfer's dividend payout ratio (DPR) is currently 99.24%.

Analyst Ratings Changes

Several analysts have commented on ET shares. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Morgan Stanley lifted their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Mizuho lifted their target price 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Energy Transfer has an average rating of "Moderate Buy" and a consensus price target of $22.64.

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.