West Michigan Advisors LLC Reduces Stock Holdings in Energy Transfer LP (NYSE:ET)

West Michigan Advisors LLC lessened its stake in shares of Energy Transfer LP (NYSE:ET) by 38.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,339 shares of the pipeline company’s stock after selling 7,578 shares during the quarter. West Michigan Advisors LLC’s holdings in Energy Transfer were worth $242,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE raised its position in Energy Transfer by 242.9% in the 4th quarter. US Bancorp DE now owns 493,107 shares of the pipeline company’s stock worth $9,660,000 after purchasing an additional 349,307 shares during the period. Fisher Asset Management LLC grew its stake in shares of Energy Transfer by 5.4% during the fourth quarter. Fisher Asset Management LLC now owns 42,259 shares of the pipeline company’s stock valued at $828,000 after buying an additional 2,184 shares during the last quarter. Terril Brothers Inc. raised 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 worth $3,505,000 after buying an additional 750 shares during the period. Sage Investment Counsel LLC bought a new stake in shares of Energy Transfer during the 4th quarter worth approximately $2,685,000. Finally, SVB Wealth LLC purchased a new position in Energy Transfer during the 4th quarter valued at $458,000. 38.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on ET shares. Wells Fargo & Company increased their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup lifted their price objective on shares of Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada upped their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Barclays increased their price objective 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 analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus target price of $21.55.

Energy Transfer Stock Up 2.0 %

Shares of NYSE ET opened at $19.32 on Friday. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The stock’s fifty day simple moving average is $19.92 and its two-hundred day simple moving average is $18.03. The stock has a market capitalization of $66.27 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is 101.56%.

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.