Wealth Alliance Advisory Group LLC Grows Position in Energy Transfer LP (NYSE:ET)

Wealth Alliance Advisory Group LLC boosted its stake in Energy Transfer LP (NYSE:ET) by 6.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 46,425 shares of the pipeline company’s stock after acquiring an additional 2,941 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Energy Transfer were worth $909,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Taylor & Morgan Wealth Management LLC acquired a new stake in shares of Energy Transfer in the fourth quarter valued at $299,000. HB Wealth Management LLC grew its position in Energy Transfer by 0.6% in the 4th quarter. HB Wealth Management LLC now owns 152,529 shares of the pipeline company’s stock valued at $2,988,000 after acquiring an additional 837 shares in the last quarter. Westend Capital Management LLC increased its stake in Energy Transfer by 2.4% during the fourth quarter. Westend Capital Management LLC now owns 748,121 shares of the pipeline company’s stock worth $14,656,000 after purchasing an additional 17,546 shares during the period. Spring Capital Management LLC acquired a new stake in shares of Energy Transfer during the fourth quarter worth about $572,000. Finally, TrueWealth Advisors LLC boosted its stake in shares of Energy Transfer by 17.2% in the fourth quarter. TrueWealth Advisors LLC now owns 16,137 shares of the pipeline company’s stock valued at $316,000 after purchasing an additional 2,371 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Ratings Changes

ET has been the topic of several recent research reports. Barclays upped their target price 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. Bank of America began coverage on Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price for the company. The Goldman Sachs Group upped their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.82.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $20.28 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a 52 week low of $13.60 and a 52 week high of $20.40. The firm’s 50 day moving average is $19.02 and its two-hundred day moving average is $17.19. The firm has a market capitalization of $69.45 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.57 and a beta of 1.70.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $21.59 billion. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Energy Transfer LP will post 1.34 EPS for the current fiscal year.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were given a $0.3225 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.36%. Energy Transfer’s dividend payout ratio (DPR) is presently 94.85%.

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.