Delos Wealth Advisors LLC Purchases 14,836 Shares of Energy Transfer LP (NYSE:ET)

Delos Wealth Advisors LLC increased its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,914 shares of the pipeline company's stock after acquiring an additional 14,836 shares during the period. Delos Wealth Advisors LLC's holdings in Energy Transfer were worth $958,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Mountain Hill Investment Partners Corp. purchased a new stake in Energy Transfer during the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $29,000. United Community Bank purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $35,000. Financial Life Planners bought a new stake in shares of Energy Transfer in the 4th quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC lifted its stake in Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Price Performance

NYSE ET traded up $0.11 on Wednesday, hitting $18.84. The stock had a trading volume of 5,214,433 shares, compared to its average volume of 16,187,603. The firm has a 50-day moving average of $19.38 and a 200-day moving average of $18.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. Energy Transfer LP has a 52-week low of $14.90 and a 52-week high of $21.45. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.

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

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date was Friday, February 7th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 101.56%.

Analyst Upgrades and Downgrades

ET has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Stifel Nicolaus lifted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Morgan Stanley lifted their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Finally, Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $22.09.

Energy Transfer Company 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.