Stratos Wealth Partners LTD. Buys 54,552 Shares of Energy Transfer LP $ET

Stratos Wealth Partners LTD. increased its stake in Energy Transfer LP (NYSE:ET) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 358,929 shares of the pipeline company’s stock after purchasing an additional 54,552 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Energy Transfer were worth $5,919,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ET. Red Door Wealth Management LLC grew its holdings in shares of Energy Transfer by 39.1% in the fourth quarter. Red Door Wealth Management LLC now owns 22,400 shares of the pipeline company’s stock worth $369,000 after acquiring an additional 6,301 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Energy Transfer by 19.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,522 shares of the pipeline company’s stock valued at $371,000 after acquiring an additional 3,704 shares during the period. American National Bank & Trust boosted its position in Energy Transfer by 61.9% in the fourth quarter. American National Bank & Trust now owns 14,881 shares of the pipeline company’s stock worth $245,000 after purchasing an additional 5,689 shares during the last quarter. Sullivan Wood Capital Management LLC grew its stake in shares of Energy Transfer by 126.8% during the 4th quarter. Sullivan Wood Capital Management LLC now owns 145,851 shares of the pipeline company’s stock valued at $2,405,000 after purchasing an additional 81,535 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of Energy Transfer by 12.8% during the 4th quarter. Perigon Wealth Management LLC now owns 44,635 shares of the pipeline company’s stock valued at $736,000 after purchasing an additional 5,050 shares during the period. Institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Energy Transfer in a research note on Wednesday, December 24th. UBS Group restated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Morgan Stanley increased their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada upgraded shares of Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Finally, TD Cowen boosted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Energy Transfer Stock Performance

Shares of ET opened at $18.96 on Monday. The business has a 50-day simple moving average of $18.70 and a two-hundred day simple moving average of $17.47. 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 52 week low of $14.60 and a 52 week high of $19.85. The stock has a market cap of $65.23 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.06 and a beta of 0.62.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The company had revenue of $25.32 billion for the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were given a $0.335 dividend. The ex-dividend date was Friday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. Energy Transfer’s dividend payout ratio (DPR) is currently 110.74%.

Energy Transfer Company Profile

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.