Rollins Financial Advisors LLC Boosts Stake in Energy Transfer LP (NYSE:ET)

Rollins Financial Advisors LLC boosted its position in Energy Transfer LP (NYSE:ET - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,709 shares of the pipeline company's stock after purchasing an additional 66,565 shares during the period. Rollins Financial Advisors LLC's holdings in Energy Transfer were worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Watts Gwilliam & Co. LLC purchased a new position in Energy Transfer in the 4th quarter worth about $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Energy Transfer by 4.0% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock worth $148,621,000 after acquiring an additional 293,088 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its stake in Energy Transfer by 164.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after acquiring an additional 37,633 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Energy Transfer by 44.2% during the fourth quarter. Wedbush Securities Inc. now owns 135,281 shares of the pipeline company's stock worth $2,650,000 after acquiring an additional 41,438 shares during the period. Finally, Paragon Capital Management Ltd raised its stake in shares of Energy Transfer by 435.5% during the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock valued at $1,346,000 after acquiring an additional 55,890 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ET. Citigroup restated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. UBS Group restated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Stifel Nicolaus upped their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Finally, Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.09.

Energy Transfer Stock Up 0.9 %

NYSE:ET traded up $0.15 during midday trading on Friday, reaching $16.06. 11,805,888 shares of the stock traded hands, compared to its average volume of 15,214,847. The stock has a market capitalization of $55.11 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. 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 business has a 50-day moving average of $18.64 and a two-hundred day moving average of $18.42.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. On average, equities analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 8.09%. 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. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

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.