Gaddis Premier Wealth Advisors LLC Makes New $576,000 Investment in Energy Transfer LP $ET

Gaddis Premier Wealth Advisors LLC bought a new position in Energy Transfer LP (NYSE:ET) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,905 shares of the pipeline company’s stock, valued at approximately $576,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc. increased its holdings in Energy Transfer by 4.9% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 12,007 shares of the pipeline company’s stock worth $216,000 after purchasing an additional 560 shares in the last quarter. Marks Wealth LLC increased its holdings in Energy Transfer by 4.7% in the fourth quarter. Marks Wealth LLC now owns 12,560 shares of the pipeline company’s stock worth $207,000 after purchasing an additional 560 shares in the last quarter. SP Asset Management LLC increased its holdings in Energy Transfer by 2.0% in the fourth quarter. SP Asset Management LLC now owns 30,631 shares of the pipeline company’s stock worth $505,000 after purchasing an additional 589 shares in the last quarter. Gables Capital Management Inc. increased its holdings in Energy Transfer by 60.0% in the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. Finally, Fiduciary Financial Group LLC increased its holdings in Energy Transfer by 2.2% in the fourth quarter. Fiduciary Financial Group LLC now owns 28,106 shares of the pipeline company’s stock worth $463,000 after purchasing an additional 607 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ET has been the subject of a number of research analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday, May 6th. Wells Fargo & Company lifted their target price on Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Stifel Nicolaus boosted their price objective on Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.45.

Energy Transfer Trading Down 0.3%

NYSE ET opened at $19.33 on Tuesday. The company has a market cap of $66.50 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.12 and a beta of 0.55. Energy Transfer LP has a 52 week low of $16.18 and a 52 week high of $20.70. The business has a 50 day moving average price of $19.47 and a 200-day moving average price of $18.28. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $25.78 billion. Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The company’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, equities analysts expect that Energy Transfer LP will post 1.43 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were given a dividend of $0.3375 per share. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a dividend yield of 7.0%. Energy Transfer’s payout ratio is presently 112.50%.

Energy Transfer Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.