1900 Wealth Management LLC Purchases 2,746 Shares of Energy Transfer LP (NYSE:ET)

1900 Wealth Management LLC increased its holdings in Energy Transfer LP (NYSE:ET) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 195,359 shares of the pipeline company’s stock after buying an additional 2,746 shares during the period. 1900 Wealth Management LLC’s holdings in Energy Transfer were worth $3,827,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC grew its position in shares of Energy Transfer by 5.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 137,660 shares of the pipeline company’s stock worth $2,209,000 after buying an additional 7,344 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Energy Transfer by 11.8% in the third quarter. Atomi Financial Group Inc. now owns 32,840 shares of the pipeline company’s stock worth $527,000 after acquiring an additional 3,472 shares during the period. Brookstone Capital Management boosted its holdings in Energy Transfer by 5.2% in the third quarter. Brookstone Capital Management now owns 216,358 shares of the pipeline company’s stock valued at $3,473,000 after acquiring an additional 10,738 shares in the last quarter. Daymark Wealth Partners LLC increased its position in Energy Transfer by 7.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 160,131 shares of the pipeline company’s stock valued at $2,570,000 after purchasing an additional 10,705 shares during the period. Finally, CWM LLC increased its position in Energy Transfer by 60.6% during the 3rd quarter. CWM LLC now owns 98,436 shares of the pipeline company’s stock valued at $1,580,000 after purchasing an additional 37,136 shares during the period. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $20.37 on Friday. The company has a market capitalization of $69.76 billion, a PE ratio of 14.98, a PEG ratio of 0.54 and a beta of 1.69. The business has a fifty day moving average price of $19.69 and a 200-day moving average price of $17.59. Energy Transfer LP has a 1-year low of $13.79 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $21.59 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts expect that Energy Transfer LP will post 1.36 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be issued a $0.325 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend is Friday, February 7th. Energy Transfer’s payout ratio is presently 94.85%.

Wall Street Analyst Weigh In

ET has been the topic of a number of research reports. Bank of America began coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 target price on the stock. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Barclays increased their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.82.

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.