Stratos Wealth Advisors LLC Sells 1,122 Shares of Energy Transfer LP (NYSE:ET)

Stratos Wealth Advisors LLC cut its stake in shares of Energy Transfer LP (NYSE:ET) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,198 shares of the pipeline company’s stock after selling 1,122 shares during the period. Stratos Wealth Advisors LLC’s holdings in Energy Transfer were worth $748,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Dallas Securities Inc. lifted its position in shares of Energy Transfer by 1.5% during the fourth quarter. First Dallas Securities Inc. now owns 178,754 shares of the pipeline company’s stock valued at $3,502,000 after purchasing an additional 2,616 shares in the last quarter. Fourpath Capital Management LLC boosted its stake in shares of Energy Transfer by 4.8% in the 4th quarter. Fourpath Capital Management LLC now owns 811,023 shares of the pipeline company’s stock worth $15,888,000 after buying an additional 36,829 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Energy Transfer in the 4th quarter worth approximately $316,000. Financial Life Planners bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $37,000. Finally, HFG Advisors Inc. increased its position in shares of Energy Transfer by 2.0% during the fourth quarter. HFG Advisors Inc. now owns 56,695 shares of the pipeline company’s stock valued at $1,111,000 after acquiring an additional 1,100 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Trading Down 2.0 %

NYSE:ET opened at $20.37 on Friday. Energy Transfer LP has a 1 year low of $13.79 and a 1 year high of $21.45. The stock’s fifty day moving average price is $19.69 and its two-hundred day moving average price is $17.59. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The company has a market cap of $69.76 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.54 and a beta of 1.69.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, analysts expect that Energy Transfer LP will post 1.36 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be paid a dividend of $0.325 per share. The ex-dividend date is Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.38%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is currently 94.85%.

Analyst Ratings Changes

A number of brokerages have issued reports on ET. The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Bank of America initiated coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price target for the company. Barclays lifted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company increased their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

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.