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

Fullcircle Wealth LLC acquired a new stake in shares of Energy Transfer LP (NYSE:ET - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 28,706 shares of the pipeline company's stock, valued at approximately $496,000.

A number of other institutional investors have also recently made changes to their positions in ET. Bank of Montreal Can lifted its position in Energy Transfer by 12,090.8% during the fourth quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock valued at $244,005,000 after purchasing an additional 12,353,441 shares during the last quarter. FMR LLC raised its position in shares of Energy Transfer by 15.7% during the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after buying an additional 5,254,721 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Energy Transfer in the 4th quarter valued at about $79,113,000. Hsbc Holdings PLC purchased a new position in Energy Transfer in the fourth quarter worth about $50,166,000. Finally, Westwood Holdings Group Inc. increased its stake 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 acquiring an additional 2,512,060 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ET. Wells Fargo & Company lowered their target price on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Royal Bank Of Canada restated an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Morgan Stanley raised their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Finally, Mizuho upped their price objective on Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.64.

Energy Transfer Price Performance

Shares of ET stock opened at $17.94 on Monday. The firm's 50-day moving average is $17.66 and its two-hundred day moving average is $18.47. The company has a market capitalization of $61.57 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.12 and a quick ratio of 0.92. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $21.02 billion for the quarter, compared to analyst estimates of $22.28 billion. Energy Transfer had a return on equity of 11.47% and a net margin of 5.88%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were given a dividend of $0.3275 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's dividend payout ratio is currently 99.24%.

Insider Transactions at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of Energy Transfer 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 in the company, valued at $453,185.04. This trade represents a 5.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.28% of the stock is owned by company insiders.

Energy Transfer 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.

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