U.S. Capital Wealth Advisors LLC Increases Stake in Energy Transfer LP $ET

U.S. Capital Wealth Advisors LLC raised its position in Energy Transfer LP (NYSE:ET) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,430,621 shares of the pipeline company’s stock after acquiring an additional 172,814 shares during the quarter. Energy Transfer makes up about 0.7% of U.S. Capital Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. U.S. Capital Wealth Advisors LLC’s holdings in Energy Transfer were worth $24,549,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of Energy Transfer by 1.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,845 shares of the pipeline company’s stock worth $723,000 after acquiring an additional 565 shares in the last quarter. Indiana Trust & Investment Management Co increased its stake in Energy Transfer by 5.1% in the first quarter. Indiana Trust & Investment Management Co now owns 11,796 shares of the pipeline company’s stock valued at $219,000 after purchasing an additional 576 shares during the last quarter. Bogart Wealth LLC raised its holdings in Energy Transfer by 1.9% during the second quarter. Bogart Wealth LLC now owns 32,788 shares of the pipeline company’s stock worth $594,000 after purchasing an additional 604 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Energy Transfer by 7.2% during the 2nd quarter. MCF Advisors LLC now owns 9,195 shares of the pipeline company’s stock worth $167,000 after buying an additional 616 shares during the last quarter. Finally, Chicago Capital LLC boosted its holdings in shares of Energy Transfer by 2.6% in the 2nd quarter. Chicago Capital LLC now owns 24,056 shares of the pipeline company’s stock valued at $436,000 after buying an additional 618 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ET shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Energy Transfer in a research note on Wednesday, October 8th. UBS Group reiterated a “buy” rating and set a $22.00 target price on shares of Energy Transfer in a research report on Wednesday, October 15th. Morgan Stanley reduced their target price on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, December 2nd. Scotiabank dropped their price target on Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. cut their price target on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Thirteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.75.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren bought 1,000,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average cost of $16.95 per share, with a total value of $16,950,000.00. Following the purchase, the director owned 104,577,803 shares in the company, valued at approximately $1,772,593,760.85. This represents a 0.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.28% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE ET opened at $16.22 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14. The company has a market cap of $55.67 billion, a PE ratio of 12.97, a P/E/G ratio of 0.99 and a beta of 0.65. The stock has a fifty day moving average price of $16.67 and a 200 day moving average price of $17.26. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $21.45.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.The firm had revenue of $19.95 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Friday, November 7th were issued a $0.3325 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.33 dividend on an annualized basis and a yield of 8.2%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is presently 106.40%.

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.