Captrust Financial Advisors Trims Stock Position in Energy Transfer LP (NYSE:ET)

Captrust Financial Advisors trimmed its stake in Energy Transfer LP (NYSE:ET) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 493,926 shares of the pipeline company’s stock after selling 8,560 shares during the quarter. Captrust Financial Advisors’ holdings in Energy Transfer were worth $9,676,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Energy Transfer by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 126,331 shares of the pipeline company’s stock valued at $2,028,000 after buying an additional 5,127 shares in the last quarter. GAMMA Investing LLC purchased a new position in Energy Transfer during the 4th quarter valued at about $29,000. CWA Asset Management Group LLC boosted its stake in Energy Transfer by 99.6% during the fourth quarter. CWA Asset Management Group LLC now owns 46,598 shares of the pipeline company’s stock worth $913,000 after acquiring an additional 23,249 shares in the last quarter. Private Client Services LLC grew its holdings in Energy Transfer by 3.1% in the fourth quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company’s stock worth $331,000 after purchasing an additional 511 shares during the period. Finally, Watts Gwilliam & Co. LLC bought a new position in shares of Energy Transfer during the fourth quarter valued at approximately $1,297,000. Institutional investors own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ET. Citigroup restated a “buy” rating on shares of Energy Transfer in a research note on Monday, March 24th. Stifel Nicolaus lifted their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays increased their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Energy Transfer in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

Energy Transfer Stock Performance

Shares of ET opened at $16.88 on Thursday. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The business has a fifty day moving average of $17.52 and a 200 day moving average of $18.48. 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 firm has a market capitalization of $57.90 billion, a P/E ratio of 13.18, a PEG ratio of 0.64 and a beta of 0.77.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $21.02 billion during the quarter, compared to analyst estimates of $22.28 billion. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, sell-side analysts anticipate 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 will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be given a dividend of $0.3275 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.76%. Energy Transfer’s payout ratio is presently 102.34%.

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.