PYA Waltman Capital LLC Invests $764,000 in Energy Transfer LP (NYSE:ET)

PYA Waltman Capital LLC acquired a new stake in Energy Transfer LP (NYSE:ET - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 38,998 shares of the pipeline company's stock, valued at approximately $764,000.

Several other large investors have also recently made changes to their positions in ET. O Brien Greene & Co. Inc purchased a new position in Energy Transfer in the fourth quarter valued at approximately $319,000. Citizens National Bank Trust Department bought a new stake in shares of Energy Transfer in the fourth quarter valued at $39,000. Concurrent Investment Advisors LLC lifted its position in shares of Energy Transfer by 35.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 129,826 shares of the pipeline company's stock valued at $2,543,000 after buying an additional 33,723 shares during the last quarter. Hardy Reed LLC grew its stake in shares of Energy Transfer by 3.7% during the 4th quarter. Hardy Reed LLC now owns 39,840 shares of the pipeline company's stock worth $780,000 after acquiring an additional 1,420 shares during the period. Finally, LMG Wealth Partners LLC purchased a new stake in Energy Transfer in the 4th quarter worth about $1,173,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

NYSE:ET traded down $0.55 during trading hours on Friday, hitting $19.40. 15,630,769 shares of the company's stock traded hands, compared to its average volume of 16,812,701. The firm has a market cap of $66.55 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.64 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The business's fifty day simple moving average is $19.86 and its two-hundred day simple moving average is $17.87. Energy Transfer LP has a 52 week low of $14.52 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, research analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.70%. Energy Transfer's dividend payout ratio is presently 101.56%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ET. 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 report on Thursday, December 19th. Royal Bank of Canada upped their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.18.

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.