U.S. Capital Wealth Advisors LLC Has $13.31 Million Stake in Energy Transfer LP (NYSE:ET)

U.S. Capital Wealth Advisors LLC lifted its position in Energy Transfer LP (NYSE:ET) by 10.7% during the 4th quarter, Holdings Channel reports. The firm owned 964,513 shares of the pipeline company’s stock after buying an additional 92,980 shares during the quarter. 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.

Several other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings 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 buying an additional 736 shares in the last quarter. Veracity Capital LLC raised its position in Energy Transfer by 2.3% in the 4th quarter. Veracity Capital LLC now owns 32,203 shares of the pipeline company’s stock valued at $444,000 after purchasing an additional 738 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings 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 during the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Energy Transfer by 0.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 228,569 shares of the pipeline company’s stock worth $3,154,000 after purchasing an additional 769 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Energy Transfer by 2.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 37,195 shares of the pipeline company’s stock valued at $513,000 after buying an additional 776 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Trading Up 0.7 %

ET traded up $0.11 during trading on Friday, reaching $15.89. 9,335,518 shares of the company’s stock were exchanged, compared to its average volume of 11,461,461. The company’s fifty day moving average price is $15.46 and its 200-day moving average price is $14.39. The firm has a market capitalization of $53.54 billion, a PE ratio of 14.58 and a beta of 1.63. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS 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 business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $21.46 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Energy Transfer LP will post 1.56 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid 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 dividend yield of 7.98%. Energy Transfer’s dividend payout ratio is 115.60%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ET. Citigroup increased their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. UBS Group dropped 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 report on Thursday, February 15th. Finally, Mizuho reissued a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.