Energy Transfer LP (NYSE:ET) Shares Acquired by Quantum Private Wealth LLC

Quantum Private Wealth LLC increased its position in Energy Transfer LP (NYSE:ET) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,183 shares of the pipeline company’s stock after buying an additional 10,733 shares during the period. Quantum Private Wealth LLC’s holdings in Energy Transfer were worth $1,327,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. VitalStone Financial LLC grew its holdings in Energy Transfer by 100.0% in the first quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Energy Transfer in the first quarter valued at approximately $25,000. Rise Advisors LLC grew its holdings in Energy Transfer by 88.2% in the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares during the period. IMA Wealth Inc. grew its holdings in Energy Transfer by 100.0% in the second quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 1,200 shares during the period. Finally, Ronald Blue Trust Inc. purchased a new stake in Energy Transfer in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Citigroup boosted their price objective 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.57.

Energy Transfer Trading Down 0.9 %

ET traded down $0.13 during trading on Wednesday, hitting $15.10. 22,004,915 shares of the company’s stock were exchanged, compared to its average volume of 10,364,834. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a 1 year low of $12.18 and a 1 year high of $16.04. The stock has a 50 day moving average price of $15.10 and a 200 day moving average price of $14.21. The firm has a market cap of $50.88 billion, a P/E ratio of 13.85 and a beta of 1.64.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, analysts expect that Energy Transfer LP will post 1.44 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a $0.315 dividend. The ex-dividend date was Tuesday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a dividend yield of 8.34%. Energy Transfer’s dividend payout ratio is 115.60%.

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.