Financial Counselors Inc. Decreases Stock Holdings in Energy Transfer LP (NYSE:ET)

Financial Counselors Inc. lowered its holdings in Energy Transfer LP (NYSE:ET) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 17,224 shares of the pipeline company’s stock after selling 930 shares during the period. Financial Counselors Inc.’s holdings in Energy Transfer were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ET. FMR LLC grew its position in Energy Transfer by 44.0% during the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after buying an additional 10,195,768 shares during the period. Kayne Anderson Capital Advisors LP grew its position in shares of Energy Transfer by 7.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company’s stock valued at $469,920,000 after acquiring an additional 1,723,683 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Energy Transfer by 1,572.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company’s stock valued at $14,699,000 after acquiring an additional 705,475 shares during the period. Mercuria Capital Strategies LLC bought a new stake in shares of Energy Transfer in the 4th quarter worth approximately $12,734,000. Finally, Bowen Hanes & Co. Inc. purchased a new position in Energy Transfer in the fourth quarter valued at approximately $10,774,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

NYSE:ET opened at $18.72 on Friday. The stock has a market cap of $64.22 billion, a P/E ratio of 14.62, 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. The business’s 50-day moving average price is $19.46 and its two-hundred day moving average price is $18.36. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (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 predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders 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 dividend yield of 6.95%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is currently 101.56%.

Wall Street Analyst Weigh In

ET has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Barclays raised their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.09.

Energy Transfer 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.