Capital Advisors Ltd. LLC Has $71,000 Position in Energy Transfer LP (NYSE:ET)

Capital Advisors Ltd. LLC boosted its holdings in Energy Transfer LP (NYSE:ET) by 18.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,649 shares of the pipeline company’s stock after acquiring an additional 556 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Energy Transfer were worth $71,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ET. Princeton Global Asset Management LLC lifted its stake in Energy Transfer by 65.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 650 shares in the last quarter. Assetmark Inc. lifted its stake in Energy Transfer by 2,138.5% during the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 1,668 shares in the last quarter. GAMMA Investing LLC bought a new position in Energy Transfer during the 4th quarter valued at $29,000. Financial Life Planners bought a new position in Energy Transfer during the 4th quarter valued at $37,000. Finally, Citizens National Bank Trust Department bought a new position in Energy Transfer during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Trading Down 2.2 %

Shares of Energy Transfer stock opened at $18.96 on Tuesday. Energy Transfer LP has a 52-week low of $14.52 and a 52-week high of $21.45. The stock’s 50-day simple moving average is $19.88 and its 200 day simple moving average is $17.95. The stock has a market capitalization of $65.04 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.64 and a beta of 1.69. 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 announced its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (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, research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current 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 paid a $0.325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s payout ratio is currently 101.56%.

Wall Street Analyst Weigh In

ET has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada lifted their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Barclays lifted their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

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.