SRS Capital Advisors Inc. Has $672,000 Stake in Energy Transfer LP (NYSE:ET)

SRS Capital Advisors Inc. increased its stake in Energy Transfer LP (NYSE:ET) by 8.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,294 shares of the pipeline company’s stock after purchasing an additional 2,683 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Energy Transfer were worth $672,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its position in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 650 shares during the period. Assetmark Inc. grew its stake in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after buying an additional 1,668 shares during the last quarter. GAMMA Investing LLC bought a new position in Energy Transfer in the 4th quarter worth $29,000. Financial Life Planners acquired a new position in Energy Transfer during the 4th quarter worth $37,000. Finally, Citizens National Bank Trust Department bought a new stake in Energy Transfer during the fourth quarter valued at about $39,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 2.0 %

Shares of Energy Transfer stock opened at $19.32 on Monday. Energy Transfer LP has a 52-week low of $14.60 and a 52-week high of $21.45. The firm has a market capitalization of $66.27 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The company’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $18.04.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. On average, analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. The ex-dividend date was Friday, February 7th. This is a boost 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 6.73%. Energy Transfer’s dividend payout ratio is presently 101.56%.

Analysts Set New Price Targets

ET has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays upped their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Royal Bank of Canada raised their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Stifel Nicolaus upped their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Citigroup increased their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.55.

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.