Energy Transfer LP (NYSE:ET) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,157,959 shares of the pipeline company's stock after acquiring an additional 151,170 shares during the period. Energy Transfer accounts for approximately 0.7% of U.S. Capital Wealth Advisors LLC's portfolio, making the stock its 27th biggest position. U.S. Capital Wealth Advisors LLC's holdings in Energy Transfer were worth $21,526,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $26,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $29,000. United Community Bank acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $35,000. Finally, Tortoise Investment Management LLC increased its position in shares of Energy Transfer by 111.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho raised their price objective on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. cut their price objective on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Wells Fargo & Company dropped their target price on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. TD Cowen initiated coverage on Energy Transfer in a research report on Monday. They issued a "buy" rating and a $22.00 target price for the company. Finally, Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Energy Transfer presently has a consensus rating of "Moderate Buy" and an average price target of $22.58.

Insider Buying and Selling at Energy Transfer

In other news, Director James Richard Perry sold 1,369 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $18.48, for a total value of $25,299.12. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.28% of the company's stock.

Energy Transfer Stock Down 1.0%

ET traded down $0.18 on Thursday, reaching $17.46. The company's stock had a trading volume of 15,561,603 shares, compared to its average volume of 15,803,999. The stock has a 50 day moving average of $17.71 and a two-hundred day moving average of $18.45. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $59.91 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 0.58 and a beta of 0.79. 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 announced its quarterly 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 firm 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 11.47% 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 period in the prior year, the company posted $0.32 earnings per share. As a group, analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's dividend payout ratio is presently 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.