Mills Wealth Advisors LLC Has $359,000 Stock Position in Energy Transfer LP (NYSE:ET)

Mills Wealth Advisors LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 61.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,325 shares of the pipeline company’s stock after buying an additional 6,970 shares during the quarter. Mills Wealth Advisors LLC’s holdings in Energy Transfer were worth $359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC bought a new stake in shares of Energy Transfer during the third quarter worth $197,000. Fidelis Capital Partners LLC boosted its stake in Energy Transfer by 2.3% in the 3rd quarter. Fidelis Capital Partners LLC now owns 31,858 shares of the pipeline company’s stock worth $522,000 after purchasing an additional 709 shares during the period. Pinnacle Associates Ltd. increased its holdings in Energy Transfer by 21.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 46,642 shares of the pipeline company’s stock worth $749,000 after purchasing an additional 8,117 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Energy Transfer by 3.4% in the third quarter. US Bancorp DE now owns 143,800 shares of the pipeline company’s stock valued at $2,308,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in shares of Energy Transfer by 2.7% during the third quarter. Stephens Inc. AR now owns 1,152,552 shares of the pipeline company’s stock worth $18,498,000 after buying an additional 30,836 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Stock Performance

Energy Transfer stock opened at $18.94 on Friday. The business has a 50 day moving average of $19.91 and a 200-day moving average of $17.99. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. Energy Transfer LP has a 1 year low of $14.52 and a 1 year high of $21.45. The company has a market capitalization of $65.00 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.64 and a beta of 1.69.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were 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 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date was Friday, February 7th. Energy Transfer’s payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

ET has been the topic of several research reports. Royal Bank of Canada boosted their target price on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company raised their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Citigroup upped their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.55.

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.