L & S Advisors Inc Has $212,000 Stake in Energy Transfer LP (NYSE:ET)

L & S Advisors Inc reduced its stake in Energy Transfer LP (NYSE:ET - Free Report) by 95.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,814 shares of the pipeline company's stock after selling 250,000 shares during the quarter. L & S Advisors Inc's holdings in Energy Transfer were worth $212,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. bought a new position in shares of Energy Transfer in the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new position in Energy Transfer in the 4th quarter worth approximately $29,000. United Community Bank acquired a new position in shares of Energy Transfer during the fourth quarter worth approximately $35,000. Financial Life Planners acquired a new position in shares of Energy Transfer during the fourth quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC boosted its position in shares of 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 acquiring an additional 1,000 shares during the period. Institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ET shares. Stifel Nicolaus upped their target price 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 shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Morgan Stanley lifted their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.09.

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Energy Transfer Price Performance

Shares of NYSE:ET traded up $0.19 on Wednesday, hitting $18.92. The stock had a trading volume of 7,799,997 shares, compared to its average volume of 14,549,435. The company has a market capitalization of $64.92 billion, a price-to-earnings ratio of 14.78, 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 quick ratio of 0.88 and a current ratio of 1.12. The firm's 50 day moving average price is $19.38 and its 200-day moving average price is $18.43. Energy Transfer LP has a twelve month low of $14.90 and a twelve month high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last posted 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%. On average, equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 6.87%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's payout ratio is currently 101.56%.

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.