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

Tyche Wealth Partners LLC raised its holdings in Energy Transfer LP (NYSE:ET) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Foguth Wealth Management LLC. purchased a new position in shares of Energy Transfer in the fourth quarter valued at $512,000. Choreo LLC increased its position in shares of Energy Transfer by 12.1% in the fourth quarter. Choreo LLC now owns 60,776 shares of the pipeline company’s stock valued at $1,190,000 after buying an additional 6,541 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Energy Transfer by 7.9% in the fourth quarter. Tectonic Advisors LLC now owns 527,348 shares of the pipeline company’s stock valued at $10,331,000 after buying an additional 38,617 shares in the last quarter. First Dallas Securities Inc. increased its position in shares of Energy Transfer by 1.5% in the fourth quarter. First Dallas Securities Inc. now owns 178,754 shares of the pipeline company’s stock valued at $3,502,000 after buying an additional 2,616 shares in the last quarter. Finally, Fourpath Capital Management LLC increased its position in shares of Energy Transfer by 4.8% in the fourth quarter. Fourpath Capital Management LLC now owns 811,023 shares of the pipeline company’s stock valued at $15,888,000 after buying an additional 36,829 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

ET has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on Energy Transfer from $17.00 to $20.00 and gave the company 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 research report on Wednesday, December 18th. Bank of America started coverage on Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. Royal Bank of Canada lifted their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.82.

Energy Transfer Stock Down 2.0 %

Shares of NYSE:ET opened at $20.37 on Friday. The stock’s 50-day moving average price is $19.69 and its two-hundred day moving average price is $17.59. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a 12-month low of $13.79 and a 12-month high of $21.45. The firm has a market cap of $69.76 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.54 and a beta of 1.69.

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

Energy Transfer Increases Dividend

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

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.