Energy Transfer LP (NYSE:ET) Shares Sold by Childress Capital Advisors LLC

Childress Capital Advisors LLC cut its holdings in shares of Energy Transfer LP (NYSE:ET) by 12.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 587,003 shares of the pipeline company’s stock after selling 81,004 shares during the period. Energy Transfer makes up about 3.2% of Childress Capital Advisors LLC’s portfolio, making the stock its 8th largest holding. Childress Capital Advisors LLC’s holdings in Energy Transfer were worth $11,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC lifted its holdings in Energy Transfer by 44.0% during the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after purchasing an additional 10,195,768 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Energy Transfer by 1,491.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company’s stock worth $67,020,000 after purchasing an additional 3,913,266 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Energy Transfer by 36.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company’s stock valued at $185,594,000 after buying an additional 3,106,631 shares in the last quarter. Citigroup Inc. boosted its holdings in Energy Transfer by 45.9% in the 3rd quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company’s stock worth $153,787,000 after buying an additional 3,013,973 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in Energy Transfer by 1,837.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,338,885 shares of the pipeline company’s stock worth $21,489,000 after buying an additional 1,269,778 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

Energy Transfer stock opened at $20.74 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $19.59 and its 200 day simple moving average is $17.51. The firm has a market capitalization of $70.99 billion, a PE ratio of 15.25, a P/E/G ratio of 0.54 and a beta of 1.69. Energy Transfer LP has a 52 week low of $13.79 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. During the same period in the prior year, the firm posted $0.31 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that Energy Transfer LP will post 1.36 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be given a dividend of $0.325 per share. This is a boost 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 6.27%. The ex-dividend date is Friday, February 7th. Energy Transfer’s payout ratio is presently 94.85%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ET. The Goldman Sachs Group raised their target price on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Barclays lifted their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America started coverage on shares of Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Royal Bank of Canada increased 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. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.82.

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.