U.S. Capital Wealth Advisors LLC grew its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 964,513 shares of the pipeline company's stock after buying an additional 92,980 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Energy Transfer were worth $13,310,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of ET. Alps Advisors Inc. increased its stake in Energy Transfer by 14.5% in the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company's stock worth $1,033,541,000 after acquiring an additional 9,341,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Energy Transfer by 38.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company's stock valued at $353,576,000 after purchasing an additional 7,097,074 shares during the last quarter. UBS Group AG grew its stake in Energy Transfer by 3.9% in the 3rd quarter. UBS Group AG now owns 25,274,342 shares of the pipeline company's stock worth $354,599,000 after buying an additional 953,251 shares in the last quarter. Chickasaw Capital Management LLC increased its holdings in shares of Energy Transfer by 7.5% in the 4th quarter. Chickasaw Capital Management LLC now owns 15,222,571 shares of the pipeline company's stock worth $210,071,000 after buying an additional 1,060,322 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Energy Transfer by 31.1% during the 3rd quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company's stock valued at $173,666,000 after buying an additional 2,933,353 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.
Energy Transfer Trading Up 0.7 %
Shares of NYSE ET traded up $0.11 during mid-day trading on Friday, hitting $15.89. The stock had a trading volume of 9,335,518 shares, compared to its average volume of 11,461,461. The firm has a market cap of $53.54 billion, a P/E ratio of 14.58 and a beta of 1.63. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50 day moving average price of $15.46 and a two-hundred day moving average price of $14.40. Energy Transfer LP has a 1 year low of $12.18 and a 1 year high of $16.07.
Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.08. The firm had revenue of $20.53 billion for the quarter, compared to analysts' expectations of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, equities analysts anticipate that Energy Transfer LP will post 1.56 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The firm also recently disclosed 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 represents a $1.27 annualized dividend and a yield of 7.98%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 115.60%.
Wall Street Analyst Weigh In
ET has been the subject of a number of research reports. Mizuho reiterated a "buy" rating and issued a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. UBS Group cut their target price on Energy Transfer from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, February 15th. Finally, Citigroup lifted their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Energy Transfer currently has an average rating of "Moderate Buy" and an average target price of $18.00.
Get Our Latest Stock Analysis on ET
About Energy Transfer
(
Free Report)
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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