Energy Transfer LP (NYSE:ET) Shares Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC grew its position in Energy Transfer LP (NYSE:ET) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,887 shares of the pipeline company’s stock after acquiring an additional 1,873 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Energy Transfer were worth $350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Foguth Wealth Management LLC. acquired a new position in shares of Energy Transfer in the 4th quarter valued at about $512,000. Choreo LLC lifted its position in Energy Transfer by 12.1% during the 4th quarter. Choreo LLC now owns 60,776 shares of the pipeline company’s stock worth $1,190,000 after acquiring an additional 6,541 shares in the last quarter. Tectonic Advisors LLC lifted its position in Energy Transfer by 7.9% during the 4th quarter. Tectonic Advisors LLC now owns 527,348 shares of the pipeline company’s stock worth $10,331,000 after acquiring an additional 38,617 shares in the last quarter. First Dallas Securities Inc. lifted its position in Energy Transfer by 1.5% during the 4th quarter. First Dallas Securities Inc. now owns 178,754 shares of the pipeline company’s stock worth $3,502,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its position in Energy Transfer by 4.8% during the 4th quarter. Fourpath Capital Management LLC now owns 811,023 shares of the pipeline company’s stock worth $15,888,000 after acquiring an additional 36,829 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Price Performance

Shares of NYSE ET opened at $20.37 on Friday. Energy Transfer LP has a twelve month low of $13.79 and a twelve month high of $21.45. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $69.76 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. The business has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $17.59.

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

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.38%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 7th. Energy Transfer’s payout ratio is 94.85%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Bank of America assumed coverage on Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price target on the stock. Royal Bank of Canada boosted their price target on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.