Nicolet Advisory Services LLC Has $485,000 Position in Energy Transfer LP (NYSE:ET)

Nicolet Advisory Services LLC increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 25.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,952 shares of the pipeline company’s stock after acquiring an additional 5,052 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Energy Transfer were worth $485,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ET. Mountain Hill Investment Partners Corp. bought a new position in shares of Energy Transfer during the fourth quarter valued at $25,000. GAMMA Investing LLC bought a new position in Energy Transfer during the 4th quarter worth $29,000. United Community Bank acquired a new position in Energy Transfer during the 4th quarter worth about $35,000. Financial Life Planners bought a new stake in shares of Energy Transfer in the 4th quarter valued at about $37,000. Finally, Tortoise Investment Management LLC increased its stake in shares of Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after buying an additional 1,000 shares during the period. 38.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ET has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. Stifel Nicolaus increased their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays boosted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price target on shares of Energy Transfer in a report on Tuesday, March 25th. Finally, Wells Fargo & Company boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.09.

Energy Transfer Stock Down 6.5 %

ET stock opened at $17.71 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45. The stock’s 50 day simple moving average is $19.28 and its 200 day simple moving average is $18.43. The company has a market cap of $60.75 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last issued its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 7.34%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is 101.56%.

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.