Rollins Financial Advisors LLC Has $3.15 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Rollins Financial Advisors LLC grew its holdings in Energy Transfer LP (NYSE:ET) by 70.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,709 shares of the pipeline company’s stock after acquiring an additional 66,565 shares during the period. Rollins Financial Advisors LLC’s holdings in Energy Transfer were worth $3,148,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ET. Kovitz Investment Group Partners LLC lifted its holdings in Energy Transfer by 830.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 301,291 shares of the pipeline company’s stock worth $4,695,000 after purchasing an additional 268,912 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Energy Transfer by 50.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 61,493 shares of the pipeline company’s stock worth $987,000 after buying an additional 20,699 shares during the period. National Bank of Canada FI grew its stake in Energy Transfer by 56.8% in the 3rd quarter. National Bank of Canada FI now owns 45,381 shares of the pipeline company’s stock valued at $728,000 after buying an additional 16,439 shares during the last quarter. Zacks Investment Management bought a new position in Energy Transfer in the 3rd quarter worth $181,000. Finally, MML Investors Services LLC boosted its holdings in Energy Transfer by 2.4% during the third quarter. MML Investors Services LLC now owns 109,984 shares of the pipeline company’s stock valued at $1,765,000 after acquiring an additional 2,620 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

ET has been the subject of several research analyst reports. Barclays boosted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Morgan Stanley upped their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Stifel Nicolaus raised their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Citigroup reiterated a “buy” rating on shares of Energy Transfer in a research note on Monday, March 24th. Finally, The Goldman Sachs Group raised their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average price target of $22.09.

Energy Transfer Stock Down 1.5 %

NYSE ET opened at $15.92 on Tuesday. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $21.45. The company has a market capitalization of $54.61 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.64 and a beta of 1.32. The stock’s 50 day moving average is $19.10 and its two-hundred day moving average is $18.46. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Equities analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.17%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is 101.56%.

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.