Capital Advisory Group Advisory Services LLC Raises Holdings in Energy Transfer LP (NYSE:ET)

Capital Advisory Group Advisory Services LLC lifted its position in Energy Transfer LP (NYSE:ET) by 39.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,609 shares of the pipeline company’s stock after purchasing an additional 24,564 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Energy Transfer were worth $1,716,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC grew its holdings in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 650 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,668 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Energy Transfer during the 4th quarter valued at about $29,000. Financial Life Planners bought a new position in shares of Energy Transfer in the 4th quarter valued at about $37,000. Finally, Citizens National Bank Trust Department purchased a new position in Energy Transfer in the fourth quarter worth about $39,000. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ET. The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Wells Fargo & Company increased their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada raised their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Stifel Nicolaus boosted their target price on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.18.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $19.98 on Friday. Energy Transfer LP has a 12 month low of $14.52 and a 12 month high of $21.45. The stock’s fifty day moving average price is $19.86 and its 200-day moving average price is $17.87. The firm has a market cap of $68.54 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.64 and a beta of 1.69. 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 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, equities research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed 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 yield of 6.51%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is presently 101.56%.

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.