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

Delos Wealth Advisors LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 43.5% in the 4th quarter, Holdings Channel reports. The firm owned 48,914 shares of the pipeline company’s stock after buying an additional 14,836 shares during the period. Delos Wealth Advisors LLC’s holdings in Energy Transfer were worth $958,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ET. FMR LLC increased its holdings in shares of Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after buying an additional 10,195,768 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in shares of Energy Transfer by 7.7% in 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 acquiring an additional 1,723,683 shares during the last quarter. Hartree Partners LP acquired a new stake in shares of Energy Transfer during the fourth quarter worth $16,083,000. Strategic Financial Concepts LLC lifted its holdings in shares of 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 valued at $14,699,000 after purchasing an additional 705,475 shares during the last quarter. Finally, Mercuria Capital Strategies LLC acquired a new position in shares of Energy Transfer in the 4th quarter valued at $12,734,000. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Trading Down 0.9 %

Energy Transfer stock opened at $18.72 on Friday. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The stock has a market cap of $64.22 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72. The company’s fifty day simple moving average is $19.46 and its 200-day simple moving average is $18.37.

Energy Transfer (NYSE:ET) last issued its 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 net margin of 5.74% and a return on equity of 11.56%. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. 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. Energy Transfer’s dividend payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ET shares. UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Stifel Nicolaus lifted their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Citigroup restated a “buy” rating on shares of Energy Transfer in a research report on Monday, March 24th. Barclays raised their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Energy Transfer presently has an average rating of “Moderate Buy” and an average price target of $22.09.

Energy Transfer 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.