Wagner Wealth Management LLC Buys 4,726 Shares of Energy Transfer LP (NYSE:ET)

Wagner Wealth Management LLC raised its stake in shares of Energy Transfer LP (NYSE:ETFree Report) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,149 shares of the pipeline company’s stock after acquiring an additional 4,726 shares during the period. Wagner Wealth Management LLC’s holdings in Energy Transfer were worth $913,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rise Advisors LLC lifted its stake in Energy Transfer by 88.2% during the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 927 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Energy Transfer during the 1st quarter worth $25,000. Tsfg LLC raised its stake in shares of Energy Transfer by 86.8% during the 3rd quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. IMA Wealth Inc. raised its stake in shares of Energy Transfer by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,200 shares during the period. Finally, Ronald Blue Trust Inc. bought a new stake in shares of Energy Transfer during the 3rd quarter worth $34,000. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Trading Up 1.2 %

Shares of ET opened at $15.73 on Friday. The business has a 50-day moving average of $14.76 and a 200 day moving average of $14.05. Energy Transfer LP has a fifty-two week low of $12.06 and a fifty-two week high of $15.81. The firm has a market cap of $53.00 billion, a P/E ratio of 14.43 and a beta of 1.64. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10.

Energy Transfer (NYSE:ETGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. As a group, research analysts forecast that Energy Transfer LP will post 1.44 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date was Tuesday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s payout ratio is presently 115.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ET shares. UBS Group lowered their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Citigroup lifted their target price on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.57.

View Our Latest Analysis on Energy Transfer

Energy Transfer Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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