World Investment Advisors Raises Stake in Energy Transfer LP (NYSE:ET)

World Investment Advisors boosted its stake in Energy Transfer LP (NYSE:ET) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,753 shares of the pipeline company’s stock after purchasing an additional 8,947 shares during the quarter. World Investment Advisors’ holdings in Energy Transfer were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ET. Chevy Chase Trust Holdings LLC increased its holdings in Energy Transfer by 2.9% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 52,166 shares of the pipeline company’s stock worth $837,000 after acquiring an additional 1,486 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Energy Transfer by 15.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 144,200 shares of the pipeline company’s stock valued at $2,314,000 after purchasing an additional 19,669 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Energy Transfer by 830.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 301,291 shares of the pipeline company’s stock worth $4,695,000 after purchasing an additional 268,912 shares during the period. EP Wealth Advisors LLC raised its position in shares of Energy Transfer by 50.7% in the third quarter. EP Wealth Advisors LLC now owns 61,493 shares of the pipeline company’s stock worth $987,000 after buying an additional 20,699 shares in the last quarter. Finally, Brookfield Corp ON boosted its stake in Energy Transfer by 2.8% during the third quarter. Brookfield Corp ON now owns 13,139,924 shares of the pipeline company’s stock valued at $210,896,000 after buying an additional 352,625 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group restated a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Stifel Nicolaus increased their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, 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 report on Monday, January 13th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Transfer has an average rating of “Moderate Buy” and a consensus price target of $22.09.

Energy Transfer Stock Down 9.1 %

ET opened at $16.12 on Friday. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $19.18 and its 200-day moving average price is $18.44. The company has a market cap of $55.30 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.64 and a beta of 1.32.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, equities 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 Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 8.07%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is presently 101.56%.

Energy Transfer Company 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.