180 Wealth Advisors LLC Sells 1,615 Shares of Energy Transfer LP (NYSE:ET)

180 Wealth Advisors LLC cut its stake in shares of Energy Transfer LP (NYSE:ET) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 207,888 shares of the pipeline company’s stock after selling 1,615 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Energy Transfer were worth $4,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ET. Private Client Services LLC grew its position in Energy Transfer by 3.1% in the 4th quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company’s stock valued at $331,000 after acquiring an additional 511 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of Energy Transfer by 4.6% in the 4th quarter. Marcum Wealth LLC now owns 12,847 shares of the pipeline company’s stock worth $252,000 after purchasing an additional 561 shares during the period. Fortis Capital Management LLC increased its holdings in Energy Transfer by 2.0% during the third quarter. Fortis Capital Management LLC now owns 31,956 shares of the pipeline company’s stock valued at $513,000 after buying an additional 634 shares during the period. Princeton Global Asset Management LLC raised its stake in Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock worth $26,000 after buying an additional 650 shares in the last quarter. Finally, Haverford Trust Co lifted its holdings in Energy Transfer by 0.7% during the third quarter. Haverford Trust Co now owns 102,176 shares of the pipeline company’s stock worth $1,640,000 after buying an additional 675 shares during the period. 38.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ET has been the subject of a number of analyst reports. Barclays upped their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America initiated coverage on shares of Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective on the stock. UBS Group lifted their price objective on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Wells Fargo & Company upped their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.82.

Energy Transfer Price Performance

NYSE:ET opened at $19.45 on Tuesday. The firm’s fifty day moving average is $18.79 and its two-hundred day moving average is $17.09. The firm has a market cap of $66.60 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.62 and a beta of 1.70. 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 quick ratio of 0.88 and a current ratio of 1.08.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. During the same period last year, the company earned $0.31 earnings per share. Energy Transfer’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts expect that Energy Transfer LP will post 1.32 EPS for the current year.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s dividend payout ratio (DPR) is 94.85%.

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.