Williams Jones Wealth Management LLC. Has $15.90 Million Holdings in Energy Transfer LP (NYSE:ET)

Williams Jones Wealth Management LLC. reduced its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 811,458 shares of the pipeline company's stock after selling 26,826 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Energy Transfer were worth $15,896,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Stonegate Investment Group LLC increased its holdings in shares of Energy Transfer by 1.4% in the fourth quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock worth $672,000 after acquiring an additional 482 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Energy Transfer by 0.4% in the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock valued at $2,551,000 after buying an additional 535 shares during the last quarter. Cannell & Spears LLC lifted its position in Energy Transfer by 0.4% during the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock worth $2,657,000 after buying an additional 546 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of Energy Transfer by 0.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company's stock worth $3,148,000 after buying an additional 547 shares during the last quarter. Finally, Platform Technology Partners grew its holdings in shares of Energy Transfer by 0.8% in the 4th quarter. Platform Technology Partners now owns 67,299 shares of the pipeline company's stock valued at $1,318,000 after acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus increased their price target on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. 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 report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a report on Tuesday, March 25th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Finally, Wells Fargo & Company reduced their price target on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.64.

Energy Transfer Stock Performance

ET traded up $0.11 on Thursday, reaching $17.87. The company had a trading volume of 9,046,333 shares, compared to its average volume of 15,489,534. The stock has a market cap of $61.32 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.64 and a beta of 0.77. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The company's fifty day moving average is $17.45 and its 200 day moving average is $18.58.

Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $21.02 billion for the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. As a group, analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.31 annualized dividend and a yield of 7.33%. Energy Transfer's dividend payout ratio (DPR) 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.