Capital Advisory Group Advisory Services LLC Grows Holdings in Energy Transfer LP (NYSE:ET)

Capital Advisory Group Advisory Services LLC boosted its position in Energy Transfer LP (NYSE:ET - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,609 shares of the pipeline company's stock after purchasing an additional 24,564 shares during the period. Capital Advisory Group Advisory Services LLC's holdings in Energy Transfer were worth $1,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ET. Princeton Global Asset Management LLC increased its stake in shares of 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 purchasing an additional 650 shares in the last quarter. Assetmark Inc. raised its position in shares of Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after buying an additional 1,668 shares in the last quarter. GAMMA Investing LLC bought a new stake in Energy Transfer during the fourth quarter valued at $29,000. Financial Life Planners purchased a new position in Energy Transfer during the fourth quarter worth about $37,000. Finally, Citizens National Bank Trust Department bought a new position in Energy Transfer in the 4th quarter worth about $39,000. 38.22% of the stock is owned by institutional investors.

Energy Transfer Trading Down 2.7 %

ET traded down $0.55 during trading on Friday, hitting $19.40. 15,630,769 shares of the stock traded hands, compared to its average volume of 16,812,701. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a market capitalization of $66.55 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. Energy Transfer LP has a 12-month low of $14.52 and a 12-month high of $21.45. The firm has a 50-day moving average of $19.86 and a 200 day moving average of $17.87.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. Equities research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.70%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ET shares. Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their target price 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. Barclays increased their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. 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 upped their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.18.

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.