TRUE Private Wealth Advisors Has $150,000 Stake in Energy Transfer LP (NYSE:ET)

TRUE Private Wealth Advisors lowered its holdings in Energy Transfer LP (NYSE:ET) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,869 shares of the pipeline company’s stock after selling 1,140 shares during the period. TRUE Private Wealth Advisors’ holdings in Energy Transfer were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mutual Advisors LLC grew its holdings in shares of Energy Transfer by 112.9% during the 4th quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company’s stock worth $2,028,000 after purchasing an additional 77,938 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Energy Transfer by 230.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 736,634 shares of the pipeline company’s stock worth $10,335,000 after purchasing an additional 513,989 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Energy Transfer by 3.3% during the 4th quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company’s stock worth $390,000 after buying an additional 903 shares during the period. Fractal Investments LLC lifted its position in shares of Energy Transfer by 12.9% during the 3rd quarter. Fractal Investments LLC now owns 5,682,061 shares of the pipeline company’s stock worth $79,719,000 after buying an additional 647,885 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of Energy Transfer by 22.5% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 421,372 shares of the pipeline company’s stock worth $5,912,000 after buying an additional 77,352 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the subject of several analyst reports. Citigroup raised their target price on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. UBS Group cut their price objective on 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 reiterated a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Energy Transfer Stock Up 1.9 %

Shares of Energy Transfer stock opened at $15.53 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a 12 month low of $12.18 and a 12 month high of $16.04. The business has a fifty day simple moving average of $15.16 and a 200 day simple moving average of $14.23. The stock has a market cap of $52.31 billion, a PE ratio of 14.24 and a beta of 1.64.

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. Research analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.12%. Energy Transfer’s payout ratio is 115.60%.

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.