AM Investment Strategies LLC Raises Stock Position in Energy Transfer LP (NYSE:ET)

AM Investment Strategies LLC boosted its position in shares of Energy Transfer LP (NYSE:ET) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,728 shares of the pipeline company’s stock after purchasing an additional 1,546 shares during the period. AM Investment Strategies LLC’s holdings in Energy Transfer were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Mutual Advisors LLC grew its holdings in Energy Transfer by 112.9% during the 4th quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company’s stock worth $2,028,000 after acquiring an additional 77,938 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Energy Transfer by 230.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 736,634 shares of the pipeline company’s stock worth $10,335,000 after purchasing an additional 513,989 shares during the period. Arkadios Wealth Advisors boosted its stake in Energy Transfer by 3.3% during the 4th quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company’s stock worth $390,000 after purchasing an additional 903 shares during the period. Fractal Investments LLC boosted its stake in Energy Transfer by 12.9% during the 3rd quarter. Fractal Investments LLC now owns 5,682,061 shares of the pipeline company’s stock worth $79,719,000 after purchasing an additional 647,885 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its stake in Energy Transfer by 22.5% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 421,372 shares of the pipeline company’s stock worth $5,912,000 after purchasing an additional 77,352 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

NYSE ET traded up $0.08 during trading hours on Thursday, reaching $15.95. The company’s stock had a trading volume of 8,259,029 shares, compared to its average volume of 12,370,161. The stock has a market cap of $53.72 billion, a PE ratio of 14.63 and a beta of 1.64. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.04. The company’s 50-day moving average is $15.33 and its two-hundred day moving average is $14.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. During the same period last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast 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 will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.317 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Friday, May 10th. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho restated a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. UBS Group cut their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, Citigroup upped their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.