Energy Transfer LP (NYSE:ET) Holdings Trimmed by Tranquility Partners LLC

Tranquility Partners LLC lowered its position in shares of Energy Transfer LP (NYSE:ET) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,735 shares of the pipeline company’s stock after selling 4,745 shares during the quarter. Tranquility Partners LLC’s holdings in Energy Transfer were worth $286,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sfmg LLC boosted its position in shares of Energy Transfer by 17.1% in the 4th quarter. Sfmg LLC now owns 30,732 shares of the pipeline company’s stock valued at $424,000 after purchasing an additional 4,482 shares during the period. Quantum Private Wealth LLC boosted its position in shares of Energy Transfer by 12.6% in the 4th quarter. Quantum Private Wealth LLC now owns 96,183 shares of the pipeline company’s stock valued at $1,327,000 after purchasing an additional 10,733 shares during the period. Scissortail Wealth Management LLC acquired a new position in shares of Energy Transfer in the 4th quarter valued at $181,000. Tyche Wealth Partners LLC acquired a new position in shares of Energy Transfer in the 4th quarter valued at $406,000. Finally, Avior Wealth Management LLC boosted its position in shares of Energy Transfer by 4.7% in the 4th quarter. Avior Wealth Management LLC now owns 30,226 shares of the pipeline company’s stock valued at $417,000 after purchasing an additional 1,361 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Up 1.4 %

Shares of ET traded up $0.21 during midday trading on Thursday, reaching $15.44. 4,108,425 shares of the stock were exchanged, compared to its average volume of 12,339,366. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04. The firm has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $14.22. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The company has a market cap of $52.02 billion, a price-to-earnings ratio of 14.22 and a beta of 1.64.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. During the same period last year, the business earned $0.34 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.16%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 6th. Energy Transfer’s dividend payout ratio (DPR) is presently 115.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup increased their price target on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. UBS Group decreased their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Mizuho restated a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.71.

Energy Transfer 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.