Noesis Capital Mangement Corp Buys 5,038 Shares of Energy Transfer LP (NYSE:ET)

Noesis Capital Mangement Corp raised its stake in Energy Transfer LP (NYSE:ET) by 17.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,675 shares of the pipeline company’s stock after purchasing an additional 5,038 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Energy Transfer were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in Energy Transfer by 3.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,131,591 shares of the pipeline company’s stock worth $15,876,000 after acquiring an additional 40,050 shares during the last quarter. SVB Wealth LLC bought a new position in Energy Transfer during the 3rd quarter valued at approximately $257,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Energy Transfer by 0.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,138,722 shares of the pipeline company’s stock worth $30,006,000 after buying an additional 15,246 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in Energy Transfer by 4.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 25,805 shares of the pipeline company’s stock worth $362,000 after buying an additional 1,028 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in shares of Energy Transfer by 31.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 37,575 shares of the pipeline company’s stock worth $527,000 after buying an additional 8,934 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Up 0.7 %

Energy Transfer stock traded up $0.11 during mid-day trading on Friday, reaching $15.89. The stock had a trading volume of 9,335,518 shares, compared to its average volume of 11,461,461. The company has a market capitalization of $53.54 billion, a price-to-earnings ratio of 14.58 and a beta of 1.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. Energy Transfer LP has a one year low of $12.18 and a one year high of $16.07. The company has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $14.39.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, analysts expect that Energy Transfer LP will post 1.56 EPS for the current fiscal 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 an increase 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 7.98%. The ex-dividend date of this dividend is Friday, May 10th. Energy Transfer’s payout ratio is currently 115.60%.

Wall Street Analyst Weigh In

ET has been the subject of a number of research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Citigroup boosted their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, UBS Group lowered their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Transfer presently 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.