Level Four Advisory Services LLC Has $2.53 Million Stake in Energy Transfer LP (NYSE:ET)

Level Four Advisory Services LLC increased its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 248.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 129,294 shares of the pipeline company's stock after buying an additional 92,232 shares during the period. Level Four Advisory Services LLC's holdings in Energy Transfer were worth $2,533,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Stonegate Investment Group LLC increased its position in Energy Transfer by 1.4% during the fourth quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock worth $672,000 after acquiring an additional 482 shares during the period. Private Client Services LLC raised its position in shares of Energy Transfer by 3.1% in the fourth quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock valued at $331,000 after buying an additional 511 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Energy Transfer by 0.4% in the fourth quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock valued at $2,551,000 after buying an additional 535 shares during the period. Daymark Wealth Partners LLC grew its position in Energy Transfer by 0.3% during the fourth quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company's stock worth $3,148,000 after buying an additional 547 shares in the last quarter. Finally, Platform Technology Partners grew its position in Energy Transfer by 0.8% during the fourth quarter. Platform Technology Partners now owns 67,299 shares of the pipeline company's stock worth $1,318,000 after buying an additional 553 shares in the last quarter. Institutional investors own 38.22% of the company's stock.

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Energy Transfer Price Performance

Shares of NYSE:ET traded up $0.21 during trading on Tuesday, hitting $18.80. 4,599,846 shares of the company were exchanged, compared to its average volume of 16,257,091. Energy Transfer LP has a 1-year low of $14.90 and a 1-year high of $21.45. The company has a market capitalization of $64.49 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. 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 50 day moving average is $19.43 and its 200-day moving average is $18.41.

Energy Transfer (NYSE:ET - Get Free Report) last issued its earnings results 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 forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 6.92%. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

Wall Street Analyst Weigh In

ET has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Barclays boosted their price target on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Morgan Stanley upped their price target on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.09.

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.