AlphaQ Advisors LLC Purchases 6,015 Shares of Energy Transfer LP (NYSE:ET)

AlphaQ Advisors LLC increased its position in Energy Transfer LP (NYSE:ETFree Report) by 19.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,464 shares of the pipeline company’s stock after buying an additional 6,015 shares during the period. AlphaQ Advisors LLC’s holdings in Energy Transfer were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VitalStone Financial LLC increased its stake in shares of Energy Transfer by 100.0% in the first quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Energy Transfer in the 1st quarter valued at approximately $25,000. Rise Advisors LLC increased its position in Energy Transfer by 88.2% in the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after buying an additional 927 shares during the period. Tsfg LLC lifted its holdings in shares of Energy Transfer by 86.8% during the third quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Finally, IMA Wealth Inc. boosted its position in shares of Energy Transfer by 100.0% in the second quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ET shares. Citigroup boosted their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. UBS Group dropped their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Get Our Latest Stock Report on ET

Energy Transfer Stock Performance

Energy Transfer stock opened at $15.42 on Friday. The stock has a 50-day simple moving average of $15.06 and a 200 day simple moving average of $14.19. The stock has a market capitalization of $51.96 billion, a price-to-earnings ratio of 14.15 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. Energy Transfer LP has a 12-month low of $12.18 and a 12-month high of $16.04.

Energy Transfer (NYSE:ETGet Free Report) last announced 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. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Energy Transfer LP will post 1.44 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 8.17%. The ex-dividend date was Tuesday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payout ratio is 115.60%.

Energy Transfer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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