Tyler Stone Wealth Management Has $672,000 Position in Energy Transfer LP (NYSE:ET)

Tyler Stone Wealth Management boosted its stake in Energy Transfer LP (NYSE:ET) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,316 shares of the pipeline company’s stock after purchasing an additional 7,659 shares during the quarter. Tyler Stone Wealth Management’s holdings in Energy Transfer were worth $672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ET. Banco BTG Pactual S.A. acquired a new position in Energy Transfer during the fourth quarter worth $670,000. Ausdal Financial Partners Inc. increased its position in shares of Energy Transfer by 6.1% during the fourth quarter. Ausdal Financial Partners Inc. now owns 42,752 shares of the pipeline company’s stock worth $838,000 after acquiring an additional 2,448 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Energy Transfer in the 4th quarter worth about $59,000. Aire Advisors LLC lifted its position in Energy Transfer by 22.1% in the 4th quarter. Aire Advisors LLC now owns 23,964 shares of the pipeline company’s stock valued at $469,000 after acquiring an additional 4,341 shares in the last quarter. Finally, Potentia Wealth acquired a new position in Energy Transfer during the 4th quarter valued at about $317,000. 38.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Energy Transfer in a research note on Tuesday. Citigroup reiterated a “buy” rating on shares of Energy Transfer in a research note on Monday. Morgan Stanley raised their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.09.

Energy Transfer Stock Up 0.3 %

ET opened at $18.93 on Thursday. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45. The company’s 50-day moving average price is $19.52 and its two-hundred day moving average price is $18.33. The stock has a market cap of $64.96 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.64 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, equities analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were issued a $0.325 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.87%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is 101.56%.

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.