Energy Transfer LP (NYSE:ET) Shares Purchased by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC grew its stake in shares of Energy Transfer LP (NYSE:ET) by 43.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,914 shares of the pipeline company’s stock after purchasing an additional 14,836 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Energy Transfer were worth $958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ET. FMR LLC grew its stake in Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after purchasing an additional 10,195,768 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Energy Transfer by 7.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company’s stock worth $469,920,000 after buying an additional 1,723,683 shares during the last quarter. Hartree Partners LP acquired a new stake in shares of Energy Transfer during the 4th quarter valued at approximately $16,083,000. Strategic Financial Concepts LLC lifted its stake in Energy Transfer by 1,572.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company’s stock worth $14,699,000 after purchasing an additional 705,475 shares during the last quarter. Finally, Mercuria Capital Strategies LLC bought a new position in Energy Transfer during the fourth quarter worth $12,734,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

Shares of ET opened at $18.72 on Friday. The firm has a market capitalization of $64.22 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The stock’s fifty day moving average is $19.46 and its 200-day moving average is $18.37. Energy Transfer LP has a one year low of $14.90 and a one year high of $21.45. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

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

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.95%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is 101.56%.

Analyst Ratings Changes

A number of brokerages have weighed in on ET. Citigroup reissued a “buy” rating on shares of Energy Transfer in a report on Monday, March 24th. Morgan Stanley lifted their target price on Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Wells Fargo & Company increased their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.09.

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.