Delos Wealth Advisors LLC Raises Stake in Energy Transfer LP (NYSE:ET)

Delos Wealth Advisors LLC lifted its position in Energy Transfer LP (NYSE:ET) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,524 shares of the pipeline company’s stock after buying an additional 11,248 shares during the quarter. Energy Transfer makes up approximately 0.7% of Delos Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding. Delos Wealth Advisors LLC’s holdings in Energy Transfer were worth $463,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC lifted its stake in Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 927 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Energy Transfer by 42.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 750 shares during the period. BluePath Capital Management LLC bought a new position in Energy Transfer in the 3rd quarter worth $37,000. Community Bank N.A. boosted its position in Energy Transfer by 55.9% during the 4th quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 951 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Energy Transfer during the 4th quarter worth approximately $37,000. 38.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ET has been the topic of a number of recent research reports. 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 report on Wednesday, February 21st. UBS Group reduced 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 note on Thursday, February 15th. Stifel Nicolaus upped their target price on shares of Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Mizuho reissued a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.14.

Energy Transfer Price Performance

ET traded down $0.02 during trading on Thursday, hitting $16.23. 20,695,464 shares of the company traded hands, compared to its average volume of 12,321,025. The company has a market cap of $54.68 billion, a PE ratio of 14.89 and a beta of 1.63. Energy Transfer LP has a 1 year low of $12.21 and a 1 year high of $16.40. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The stock’s 50-day simple moving average is $15.55 and its two-hundred day simple moving average is $14.44.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $21.63 billion for the quarter, compared to analysts’ expectations of $20.91 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.56 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a dividend of $0.317 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Friday, May 10th. Energy Transfer’s dividend payout ratio (DPR) is currently 116.51%.

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.