U.S. Capital Wealth Advisors LLC Raises Position in Energy Transfer LP (NYSE:ET)

U.S. Capital Wealth Advisors LLC increased its stake in shares of Energy Transfer LP (NYSE:ET) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 964,513 shares of the pipeline company’s stock after purchasing 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 quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Activest Wealth Management raised its stake 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 valued at $40,000 after acquiring an additional 736 shares in the last quarter. Veracity Capital LLC increased its stake in shares of Energy Transfer by 2.3% during the fourth quarter. Veracity Capital LLC now owns 32,203 shares of the pipeline company’s stock valued at $444,000 after buying an additional 738 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of Energy Transfer by 42.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 750 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in Energy Transfer by 0.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 228,569 shares of the pipeline company’s stock worth $3,154,000 after acquiring an additional 769 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Energy Transfer by 2.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 37,195 shares of the pipeline company’s stock valued at $513,000 after purchasing an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

NYSE:ET traded up $0.11 during trading hours on Friday, hitting $15.89. 9,335,518 shares of the company were exchanged, compared to its average volume of 11,461,461. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. Energy Transfer LP has a 52-week low of $12.18 and a 52-week high of $16.07. The stock has a market capitalization of $53.54 billion, a price-to-earnings ratio of 14.58 and a beta of 1.63. The company’s 50 day moving average price is $15.46 and its 200-day moving average price is $14.39.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts forecast that Energy Transfer LP will post 1.56 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.317 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Friday, May 10th. 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 Analysts Forecast Growth

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