Checchi Capital Advisers LLC Boosts Stock Holdings in Energy Transfer LP (NYSE:ET)

Checchi Capital Advisers LLC raised its holdings in Energy Transfer LP (NYSE:ET) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,686 shares of the pipeline company’s stock after purchasing an additional 4,416 shares during the period. Checchi Capital Advisers LLC’s holdings in Energy Transfer were worth $582,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Advisor OS LLC increased its stake in shares of Energy Transfer by 5.6% in the fourth quarter. Advisor OS LLC now owns 48,590 shares of the pipeline company’s stock worth $952,000 after purchasing an additional 2,580 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of Energy Transfer by 0.9% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 478,202 shares of the pipeline company’s stock worth $9,368,000 after purchasing an additional 4,152 shares in the last quarter. Avalon Capital Management increased its stake in shares of Energy Transfer by 2.8% in the fourth quarter. Avalon Capital Management now owns 79,760 shares of the pipeline company’s stock worth $1,562,000 after purchasing an additional 2,200 shares in the last quarter. FourThought Financial Partners LLC boosted its position in shares of Energy Transfer by 37.9% in the fourth quarter. FourThought Financial Partners LLC now owns 85,136 shares of the pipeline company’s stock valued at $1,668,000 after acquiring an additional 23,392 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $196,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup raised their price objective on shares of Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus raised their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada raised 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 raised 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. Finally, The Goldman Sachs Group raised 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 analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Trading Up 1.2 %

Shares of Energy Transfer stock opened at $19.15 on Thursday. The firm has a market cap of $65.69 billion, a PE ratio of 14.96, a PEG ratio of 0.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. Energy Transfer LP has a 1 year low of $14.52 and a 1 year high of $21.45. The company has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $17.98.

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

Energy Transfer Increases Dividend

The firm 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. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.79%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s payout ratio is presently 101.56%.

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.