Taylor & Morgan Wealth Management LLC Takes Position in Energy Transfer LP (NYSE:ET)

Taylor & Morgan Wealth Management LLC acquired a new position in Energy Transfer LP (NYSE:ET - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,271 shares of the pipeline company's stock, valued at approximately $299,000.

Several other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC boosted its stake in Energy Transfer by 65.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock worth $26,000 after purchasing an additional 650 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after buying an additional 1,668 shares in the last quarter. GAMMA Investing LLC acquired a new position in Energy Transfer during the fourth quarter worth about $29,000. HWG Holdings LP purchased a new stake in Energy Transfer during the 2nd quarter valued at about $33,000. Finally, Sugarloaf Wealth Management LLC raised its holdings in Energy Transfer by 43.6% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company's stock valued at $40,000 after acquiring an additional 750 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Up 0.2 %

Shares of ET traded up $0.03 during midday trading on Friday, reaching $20.28. The stock had a trading volume of 14,533,663 shares, compared to its average volume of 11,469,590. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The company's fifty day simple moving average is $19.02 and its two-hundred day simple moving average is $17.19. The company has a market cap of $69.45 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.57 and a beta of 1.70. Energy Transfer LP has a 1-year low of $13.60 and a 1-year high of $20.40.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. Energy Transfer's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. Equities research analysts expect that Energy Transfer LP will post 1.34 earnings per share for the current year.

Energy Transfer Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were given a dividend of $0.3225 per share. The ex-dividend date was Friday, November 8th. This represents a $1.29 annualized dividend and a dividend yield of 6.36%. Energy Transfer's dividend payout ratio is presently 94.85%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ET shares. Barclays lifted their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Bank of America assumed coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a "buy" rating and a $20.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.82.

About Energy Transfer

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.