Avior Wealth Management LLC Increases Stock Holdings in Energy Transfer LP (NYSE:ET)

Avior Wealth Management LLC raised its stake in Energy Transfer LP (NYSE:ET) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,226 shares of the pipeline company’s stock after purchasing an additional 1,361 shares during the period. Avior Wealth Management LLC’s holdings in Energy Transfer were worth $417,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its holdings in shares of Energy Transfer by 109,332.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 145,943,387 shares of the pipeline company’s stock valued at $1,732,348,000 after acquiring an additional 145,810,023 shares during the period. Morgan Stanley boosted its holdings in shares of Energy Transfer by 20.9% in the fourth quarter. Morgan Stanley now owns 76,339,168 shares of the pipeline company’s stock valued at $906,146,000 after acquiring an additional 13,220,435 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Energy Transfer by 14.5% in the third quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock valued at $1,033,541,000 after acquiring an additional 9,341,798 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Energy Transfer by 38.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock valued at $353,576,000 after acquiring an additional 7,097,074 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Energy Transfer by 3.9% in the third quarter. UBS Group AG now owns 25,274,342 shares of the pipeline company’s stock valued at $354,599,000 after acquiring an additional 953,251 shares during the period. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ET has been the subject of several research analyst reports. Citigroup increased their price objective on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Mizuho reissued a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a report on Thursday. Finally, UBS Group decreased their price target on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Energy Transfer Price Performance

Energy Transfer stock opened at $15.53 on Friday. Energy Transfer LP has a one year low of $12.18 and a one year high of $16.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. The business has a fifty day moving average of $15.16 and a two-hundred day moving average of $14.23. The company has a market cap of $52.31 billion, a P/E ratio of 14.24 and a beta of 1.64.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The business had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $21.46 billion. During the same quarter last year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were given a $0.315 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.12%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

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.