Atria Wealth Solutions Inc. Purchases 56,173 Shares of Energy Transfer LP (NYSE:ET)

Atria Wealth Solutions Inc. grew its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,578 shares of the pipeline company's stock after acquiring an additional 56,173 shares during the period. Atria Wealth Solutions Inc.'s holdings in Energy Transfer were worth $7,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ET. Rise Advisors LLC grew its stake in shares of Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company's stock worth $27,000 after purchasing an additional 927 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Energy Transfer by 42.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company's stock worth $34,000 after purchasing an additional 750 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of Energy Transfer during the third quarter worth $37,000. Fortitude Family Office LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth $40,000. Finally, Activest Wealth Management grew its stake in shares of Energy Transfer by 33.9% during the fourth quarter. Activest Wealth Management now owns 2,909 shares of the pipeline company's stock worth $40,000 after purchasing an additional 736 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Performance

NYSE ET traded up $0.02 during trading hours on Friday, hitting $15.96. 5,341,439 shares of the stock were exchanged, compared to its average volume of 12,283,484. The company has a market cap of $53.76 billion, a price-to-earnings ratio of 14.64 and a beta of 1.64. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04. The stock has a 50-day moving average of $15.36 and a 200 day moving average of $14.33. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion during the quarter, compared to analysts' expectations of $21.46 billion. During the same period in the prior year, the company posted $0.34 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Energy Transfer LP will post 1.48 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a $0.317 dividend. The ex-dividend date is Friday, May 10th. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 7.95%. Energy Transfer's dividend payout ratio (DPR) is 115.60%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, February 15th. Mizuho restated a "buy" rating and issued a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Finally, Citigroup upped their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Energy Transfer has a consensus rating of "Moderate Buy" and an average price target of $18.00.

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.