Capital Investment Advisory Services LLC Has $205,000 Position in Energy Transfer LP (NYSE:ET)

Capital Investment Advisory Services LLC reduced its stake in shares of Energy Transfer LP (NYSE:ET) by 9.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,834 shares of the pipeline company’s stock after selling 1,474 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Energy Transfer were worth $205,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ET. Mutual Advisors LLC lifted its holdings in shares of Energy Transfer by 112.9% during the 4th quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company’s stock valued at $2,028,000 after purchasing an additional 77,938 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Energy Transfer by 230.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 736,634 shares of the pipeline company’s stock valued at $10,335,000 after acquiring an additional 513,989 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Energy Transfer by 3.3% in the 4th quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company’s stock valued at $390,000 after acquiring an additional 903 shares in the last quarter. Fractal Investments LLC lifted its stake in Energy Transfer by 12.9% in the 3rd quarter. Fractal Investments LLC now owns 5,682,061 shares of the pipeline company’s stock valued at $79,719,000 after acquiring an additional 647,885 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its stake in Energy Transfer by 22.5% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 421,372 shares of the pipeline company’s stock valued at $5,912,000 after acquiring an additional 77,352 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Trading Down 0.2 %

Shares of Energy Transfer stock opened at $15.87 on Thursday. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04. The stock has a market cap of $53.47 billion, a P/E ratio of 14.56 and a beta of 1.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $15.30 and its 200-day moving average is $14.30.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. Equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ET shares. UBS Group cut their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Citigroup boosted their target price on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Mizuho restated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

About Energy Transfer

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.