U.S. Capital Wealth Advisors LLC Grows Stake in Energy Transfer LP $ET

U.S. Capital Wealth Advisors LLC boosted its stake in Energy Transfer LP (NYSE:ET) by 13.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,430,621 shares of the pipeline company’s stock after buying an additional 172,814 shares during the quarter. Energy Transfer makes up approximately 0.7% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 28th largest holding. U.S. Capital Wealth Advisors LLC’s holdings in Energy Transfer were worth $24,549,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Energy Transfer by 2.6% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 38,205,495 shares of the pipeline company’s stock worth $710,240,000 after acquiring an additional 951,656 shares during the last quarter. Energy Income Partners LLC raised its stake in Energy Transfer by 12.0% in the 1st quarter. Energy Income Partners LLC now owns 23,120,066 shares of the pipeline company’s stock valued at $429,802,000 after purchasing an additional 2,471,401 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Energy Transfer by 9.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,353,476 shares of the pipeline company’s stock worth $387,139,000 after purchasing an additional 1,825,391 shares during the last quarter. Chickasaw Capital Management LLC grew its holdings in shares of Energy Transfer by 3.2% during the second quarter. Chickasaw Capital Management LLC now owns 16,158,771 shares of the pipeline company’s stock worth $292,959,000 after buying an additional 502,240 shares in the last quarter. Finally, BROOKFIELD Corp ON raised its position in shares of Energy Transfer by 6.4% in the first quarter. BROOKFIELD Corp ON now owns 14,626,020 shares of the pipeline company’s stock valued at $271,898,000 after buying an additional 875,634 shares during the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ET shares. JPMorgan Chase & Co. lowered their price target on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Morgan Stanley lowered their target price on Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. UBS Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Energy Transfer in a report on Wednesday, October 15th. Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a research note on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and an average target price of $21.75.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $16.22 on Friday. The firm has a market cap of $55.67 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.99 and a beta of 0.65. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.50. Energy Transfer LP has a 52 week low of $14.60 and a 52 week high of $21.45. The business’s fifty day simple moving average is $16.67 and its 200-day simple moving average is $17.26.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.06). The company had revenue of $19.95 billion during the quarter, compared to analysts’ expectations of $21.84 billion. Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. Equities analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were paid a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Friday, November 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is currently 106.40%.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren bought 1,000,000 shares of Energy Transfer stock in a transaction on Wednesday, November 19th. The shares were bought at an average cost of $16.95 per share, for a total transaction of $16,950,000.00. Following the acquisition, the director directly owned 104,577,803 shares in the company, valued at $1,772,593,760.85. This represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.28% of the stock is currently owned by company insiders.

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.