World Investment Advisors Has $1.72 Million Stake in Energy Transfer LP (NYSE:ET)

World Investment Advisors boosted its holdings in Energy Transfer LP (NYSE:ET) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Capital Advisors LP raised its holdings in shares of Energy Transfer by 7.7% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company’s stock worth $469,920,000 after acquiring an additional 1,723,683 shares during the last quarter. Hartree Partners LP bought a new stake in Energy Transfer during the 4th quarter worth approximately $16,083,000. Strategic Financial Concepts LLC raised its stake in shares of Energy Transfer by 1,572.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company’s stock worth $14,699,000 after purchasing an additional 705,475 shares during the last quarter. Mercuria Capital Strategies LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $12,734,000. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of Energy Transfer during the fourth quarter valued at approximately $10,774,000. Institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ET shares. Barclays raised their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of Energy Transfer in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and an average target price of $22.09.

Energy Transfer Price Performance

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

Energy Transfer (NYSE:ET) last issued 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 net margin of 5.74% and a return on equity of 11.56%. Sell-side analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 8.07%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is 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.