Capital Investment Advisors LLC Sells 3,405 Shares of Energy Transfer LP (NYSE:ET)

Capital Investment Advisors LLC cut its holdings in Energy Transfer LP (NYSE:ET) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,365 shares of the pipeline company’s stock after selling 3,405 shares during the period. Capital Investment Advisors LLC’s holdings in Energy Transfer were worth $5,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Brookstone Capital Management boosted its holdings in Energy Transfer by 4.4% during the fourth quarter. Brookstone Capital Management now owns 225,829 shares of the pipeline company’s stock valued at $4,424,000 after acquiring an additional 9,471 shares during the period. Winthrop Advisory Group LLC bought a new stake in Energy Transfer during the fourth quarter valued at about $245,000. HBW Advisory Services LLC boosted its holdings in Energy Transfer by 8.6% during the fourth quarter. HBW Advisory Services LLC now owns 27,658 shares of the pipeline company’s stock valued at $542,000 after acquiring an additional 2,180 shares during the period. ORG Wealth Partners LLC boosted its holdings in Energy Transfer by 6.2% during the fourth quarter. ORG Wealth Partners LLC now owns 365,240 shares of the pipeline company’s stock valued at $7,155,000 after acquiring an additional 21,397 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Energy Transfer by 3.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 742,147 shares of the pipeline company’s stock valued at $14,539,000 after acquiring an additional 23,324 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ET. UBS Group upped their price objective on shares of Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Barclays upped 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. Royal Bank of Canada upped their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Bank of America began coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.82.

Energy Transfer Price Performance

ET opened at $19.45 on Tuesday. Energy Transfer LP has a one year low of $13.60 and a one year high of $20.02. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The company’s 50 day simple moving average is $18.79 and its 200-day simple moving average is $17.09. The stock has a market capitalization of $66.60 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.62 and a beta of 1.70.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $21.59 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Energy Transfer’s revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Energy Transfer LP will post 1.32 earnings per share for the current fiscal year.

Energy Transfer Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a $0.3225 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a yield of 6.63%. Energy Transfer’s payout ratio is presently 94.85%.

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.