Energy Transfer LP (NYSE:ET) is Texas Yale Capital Corp.’s 10th Largest Position

Texas Yale Capital Corp. raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,193,871 shares of the pipeline company’s stock after acquiring an additional 6,175 shares during the period. Energy Transfer comprises approximately 0.9% of Texas Yale Capital Corp.’s portfolio, making the stock its 10th biggest holding. Texas Yale Capital Corp.’s holdings in Energy Transfer were worth $23,388,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in Energy Transfer by 8.6% during the 4th quarter. Advisory Services Network LLC now owns 314,352 shares of the pipeline company’s stock valued at $6,158,000 after buying an additional 24,978 shares during the last quarter. Greenland Capital Management LP purchased a new stake in Energy Transfer in the fourth quarter worth about $2,253,000. Rollins Financial Advisors LLC increased its position in Energy Transfer by 70.7% during the 4th quarter. Rollins Financial Advisors LLC now owns 160,709 shares of the pipeline company’s stock valued at $3,148,000 after buying an additional 66,565 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Energy Transfer by 12,090.8% during the fourth quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company’s stock valued at $244,005,000 after acquiring an additional 12,353,441 shares in the last quarter. Finally, ArchPoint Investors raised its holdings in Energy Transfer by 1.0% in the fourth quarter. ArchPoint Investors now owns 174,238 shares of the pipeline company’s stock worth $3,413,000 after buying an additional 1,668 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ET shares. Stifel Nicolaus boosted their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. The Goldman Sachs Group increased their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company increased 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. Finally, Morgan Stanley lifted their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.09.

Energy Transfer Stock Performance

NYSE:ET opened at $15.46 on Wednesday. The firm has a market capitalization of $53.03 billion, a PE ratio of 12.07, a PEG ratio of 0.64 and a beta of 1.32. The stock’s fifty day moving average is $18.90 and its 200 day moving average is $18.43. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

Energy Transfer (NYSE:ET) 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 return on equity of 11.56% and a net margin of 5.74%. On average, sell-side analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 8.41%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s payout ratio is 101.56%.

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.