Fullcircle Wealth LLC Acquires Shares of 28,706 Energy Transfer LP (NYSE:ET)

Fullcircle Wealth LLC bought a new stake in shares of Energy Transfer LP (NYSE:ET - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,706 shares of the pipeline company's stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. United Advisor Group LLC lifted its position in Energy Transfer by 3.0% during the fourth quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock valued at $363,000 after acquiring an additional 534 shares during the last quarter. Cannell & Spears LLC lifted its position in Energy Transfer by 0.4% during the fourth quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock valued at $2,657,000 after acquiring an additional 546 shares during the last quarter. Morton Capital Management LLC CA lifted its position in Energy Transfer by 1.3% during the first quarter. Morton Capital Management LLC CA now owns 46,382 shares of the pipeline company's stock valued at $862,000 after acquiring an additional 593 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Energy Transfer by 3.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 20,389 shares of the pipeline company's stock valued at $399,000 after acquiring an additional 596 shares during the last quarter. Finally, Fortis Capital Management LLC lifted its position in Energy Transfer by 1.9% during the fourth quarter. Fortis Capital Management LLC now owns 32,556 shares of the pipeline company's stock valued at $638,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Insider Transactions at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the sale, the director directly owned 24,523 shares of the company's stock, valued at approximately $453,185.04. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.28% of the company's stock.

Analyst Upgrades and Downgrades

ET has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on shares of Energy Transfer in a research note on Monday. They set a "buy" rating and a $22.00 price target on the stock. Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Wells Fargo & Company cut 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. Cowen initiated coverage on shares of Energy Transfer in a research note on Monday. They set a "buy" rating on the stock. Finally, Morgan Stanley upped their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and an average price target of $22.58.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $0.22 during midday trading on Monday, reaching $17.75. The company's stock had a trading volume of 13,175,954 shares, compared to its average volume of 15,793,038. The firm has a market capitalization of $60.91 billion, a PE ratio of 13.45, a P/E/G ratio of 0.58 and a beta of 0.79. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The stock has a fifty day moving average of $17.66 and a 200 day moving average of $18.47. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.41.

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, topping analysts' consensus estimates of $0.33 by $0.03. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. 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 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were issued a dividend of $0.3275 per share. The ex-dividend date of this dividend was Friday, May 9th. 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 7.38%. Energy Transfer's dividend payout ratio is 99.24%.

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.