Centennial Wealth Advisory LLC Purchases Shares of 11,611 Energy Transfer LP (NYSE:ET)

Centennial Wealth Advisory LLC purchased a new stake in Energy Transfer LP (NYSE:ET) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,611 shares of the pipeline company’s stock, valued at approximately $227,000.

Several other large investors have also recently bought and sold shares of the company. Stonegate Investment Group LLC lifted its holdings in shares of Energy Transfer by 1.4% during the 4th quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company’s stock worth $672,000 after acquiring an additional 482 shares during the last quarter. Private Client Services LLC lifted its holdings in shares of Energy Transfer by 3.1% during the 4th quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company’s stock worth $331,000 after acquiring an additional 511 shares during the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of Energy Transfer by 0.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company’s stock worth $3,148,000 after acquiring an additional 547 shares during the last quarter. Marcum Wealth LLC lifted its holdings in shares of Energy Transfer by 4.6% during the 4th quarter. Marcum Wealth LLC now owns 12,847 shares of the pipeline company’s stock worth $252,000 after acquiring an additional 561 shares during the last quarter. Finally, Financial Freedom LLC raised its position in Energy Transfer by 26.8% in the 4th quarter. Financial Freedom LLC now owns 2,906 shares of the pipeline company’s stock worth $57,000 after purchasing an additional 614 shares during the period. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Up 0.1 %

ET opened at $20.79 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average price of $19.66 and a 200-day moving average price of $17.57. Energy Transfer LP has a twelve month low of $13.79 and a twelve month high of $21.45. The stock has a market capitalization of $71.19 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.54 and a beta of 1.69.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $21.59 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Energy Transfer LP will post 1.36 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Friday, February 7th. Energy Transfer’s dividend payout ratio is currently 95.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Royal Bank of Canada boosted 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. Wells Fargo & Company boosted their price objective 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. Bank of America initiated coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, The Goldman Sachs Group boosted 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. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

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.