Tcfg Wealth Management LLC Sells 15,101 Shares of Energy Transfer LP (NYSE:ET)

Tcfg Wealth Management LLC trimmed its position in Energy Transfer LP (NYSE:ET - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,119 shares of the pipeline company's stock after selling 15,101 shares during the quarter. Tcfg Wealth Management LLC's holdings in Energy Transfer were worth $237,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. FMR LLC increased its stake in Energy Transfer by 44.0% in the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock worth $535,738,000 after acquiring an additional 10,195,768 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Energy Transfer by 1,491.0% in the third quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company's stock worth $67,020,000 after purchasing an additional 3,913,266 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Energy Transfer by 36.7% in the third quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock valued at $185,594,000 after purchasing an additional 3,106,631 shares in the last quarter. Citigroup Inc. lifted its position in Energy Transfer by 45.9% during the third quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock valued at $153,787,000 after purchasing an additional 3,013,973 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Energy Transfer by 1,837.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,338,885 shares of the pipeline company's stock worth $21,489,000 after buying an additional 1,269,778 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Trading Down 0.8 %

Shares of NYSE:ET traded down $0.17 during midday trading on Wednesday, hitting $20.14. 15,592,854 shares of the stock traded hands, compared to its average volume of 16,942,000. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The business's 50 day moving average is $19.83 and its two-hundred day moving average is $17.84. The stock has a market capitalization of $68.94 billion, a PE ratio of 15.73, a P/E/G ratio of 0.52 and a beta of 1.69. Energy Transfer LP has a one year low of $14.52 and a one year high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced 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 return on equity of 11.66% and a net margin of 5.74%. As a group, research analysts forecast that Energy Transfer LP will post 1.47 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.46%. Energy Transfer's payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ET shares. Wells Fargo & Company raised their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada raised their price target on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Stifel Nicolaus upped their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. The Goldman Sachs Group raised their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Finally, Barclays upped their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.18.

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.