Energy Transfer LP $ET Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC increased its position in Energy Transfer LP (NYSE:ETFree Report) by 436.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,160 shares of the pipeline company’s stock after acquiring an additional 73,359 shares during the period. Avior Wealth Management LLC’s holdings in Energy Transfer were worth $1,487,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Financial Life Planners acquired a new stake in shares of Energy Transfer during the 3rd quarter worth about $34,000. Core Alternative Capital purchased a new position in shares of Energy Transfer during the 3rd quarter worth about $46,000. Global Wealth Strategies & Associates boosted its position in shares of Energy Transfer by 196.4% in the fourth quarter. Global Wealth Strategies & Associates now owns 2,964 shares of the pipeline company’s stock worth $49,000 after acquiring an additional 1,964 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Energy Transfer in the 2nd quarter valued at $50,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Energy Transfer by 38.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock valued at $50,000 after buying an additional 817 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Price Performance

NYSE ET opened at $18.99 on Friday. The company has a 50 day moving average price of $18.36 and a two-hundred day moving average price of $17.34. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $19.30. The stock has a market capitalization of $65.31 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63.

Energy Transfer (NYSE:ETGet Free Report) last posted its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The firm had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, equities analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is 110.74%.

Key Headlines Impacting Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ET shares. Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Wells Fargo & Company raised their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Energy Transfer in a research report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Finally, UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Read Our Latest Stock Report on Energy Transfer

About Energy Transfer

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer LP (NYSE:ETFree Report).

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

Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter.