Kiker Wealth Management LLC Invests $305,000 in Energy Transfer LP (NYSE:ET)

Kiker Wealth Management LLC purchased a new stake in shares of Energy Transfer LP (NYSE:ET) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,585 shares of the pipeline company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ET. GAMMA Investing LLC bought a new position in shares of Energy Transfer in the 4th quarter worth $29,000. United Community Bank acquired a new stake in shares of Energy Transfer in the 4th quarter valued at about $35,000. Financial Life Planners acquired a new stake in shares of Energy Transfer in the fourth quarter valued at about $37,000. Tortoise Investment Management LLC increased its position in shares of Energy Transfer by 111.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Citizens National Bank Trust Department acquired a new stake in shares of Energy Transfer in the fourth quarter valued at about $39,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ET has been the topic of a number of recent analyst reports. Citigroup boosted their price target on Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. 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 report on Wednesday, December 18th. The Goldman Sachs Group boosted their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays boosted their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus boosted 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. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average price target of $21.55.

Energy Transfer Stock Performance

Shares of ET opened at $18.83 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $64.62 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The firm’s fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $18.24. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (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, analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a $0.325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.90%. Energy Transfer’s dividend payout ratio (DPR) is presently 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.