WR Wealth Planners LLC Lowers Position in Energy Transfer LP (NYSE:ET)

WR Wealth Planners LLC cut its stake in Energy Transfer LP (NYSE:ET) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,117 shares of the pipeline company’s stock after selling 3,016 shares during the quarter. WR Wealth Planners LLC’s holdings in Energy Transfer were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ET. Terril Brothers Inc. grew its holdings in shares of Energy Transfer by 0.4% in the fourth quarter. Terril Brothers Inc. now owns 178,916 shares of the pipeline company’s stock valued at $3,505,000 after acquiring an additional 750 shares in the last quarter. Sage Investment Counsel LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $2,685,000. SVB Wealth LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $458,000. Mills Wealth Advisors LLC grew its holdings in shares of Energy Transfer by 61.4% in the fourth quarter. Mills Wealth Advisors LLC now owns 18,325 shares of the pipeline company’s stock valued at $359,000 after acquiring an additional 6,970 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Energy Transfer by 12.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 37,550 shares of the pipeline company’s stock valued at $736,000 after acquiring an additional 4,217 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

Energy Transfer stock opened at $19.32 on Friday. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The business has a fifty day moving average price of $19.92 and a 200-day moving average price of $18.01. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a market capitalization of $66.27 billion, a P/E ratio of 15.09, a PEG ratio of 0.64 and a beta of 1.69.

Energy Transfer (NYSE:ET) last posted 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 11.56% and a net margin of 5.74%. As a group, equities research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a $0.325 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

ET has been the subject of several recent analyst reports. Barclays upped their target price on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus upped their target price on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Citigroup increased their price objective on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus target price of $21.55.

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.