Kiker Wealth Management LLC Invests $305,000 in Energy Transfer LP (NYSE:ET)

Kiker Wealth Management LLC purchased a new stake in Energy Transfer LP (NYSE:ET - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,585 shares of the pipeline company's stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also bought and sold shares of ET. Thrivent Financial for Lutherans lifted its holdings in shares of Energy Transfer by 57.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,671 shares of the pipeline company's stock worth $348,000 after acquiring an additional 7,870 shares during the period. Avior Wealth Management LLC lifted its stake in Energy Transfer by 45.5% during the third quarter. Avior Wealth Management LLC now owns 60,868 shares of the pipeline company's stock worth $977,000 after purchasing an additional 19,045 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Energy Transfer in the 3rd quarter valued at $2,656,000. Strategy Asset Managers LLC bought a new position in shares of Energy Transfer in the 3rd quarter valued at $299,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Energy Transfer during the 3rd quarter worth $396,000. Institutional investors own 38.22% of the company's stock.

Energy Transfer Trading Up 1.4 %

Shares of Energy Transfer stock traded up $0.26 during trading on Monday, hitting $18.86. The company's stock had a trading volume of 12,846,403 shares, compared to its average volume of 14,513,619. The stock has a market cap of $64.71 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. 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 52 week low of $14.90 and a 52 week high of $21.45. The stock has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $18.31.

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

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a dividend of $0.325 per share. 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. This represents a $1.30 annualized dividend and a yield of 6.89%. Energy Transfer's dividend payout ratio (DPR) is presently 101.56%.

Analysts Set New Price Targets

Several research firms recently weighed in on ET. Stifel Nicolaus raised their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Wells Fargo & Company upped their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada raised their target price 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. Finally, UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $21.55.

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.