Valeo Financial Advisors LLC Decreases Holdings in Energy Transfer LP (NYSE:ET)

Valeo Financial Advisors LLC lessened its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,527 shares of the pipeline company's stock after selling 40,845 shares during the quarter. Valeo Financial Advisors LLC's holdings in Energy Transfer were worth $5,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $29,000. Princeton Global Asset Management LLC boosted its stake in shares of 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 acquiring an additional 650 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Energy Transfer by 2,138.5% during the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after acquiring an additional 1,668 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 38.22% of the company's stock.

Wall Street Analysts Forecast Growth

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

Energy Transfer Trading Up 1.5 %

ET traded up $0.30 during trading on Tuesday, hitting $20.29. The company's stock had a trading volume of 13,521,025 shares, compared to its average volume of 16,985,334. The firm's 50 day moving average price is $19.80 and its 200-day moving average price is $17.81. 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 stock has a market cap of $69.48 billion, a PE ratio of 14.92, a PEG ratio of 0.52 and a beta of 1.69. Energy Transfer LP has a twelve month low of $14.52 and a twelve month high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. On average, analysts expect that Energy Transfer LP will post 1.37 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.325 per share. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.41%. 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.