WR Wealth Planners LLC Sells 3,016 Shares of Energy Transfer LP (NYSE:ET)

WR Wealth Planners LLC lowered its position in shares of Energy Transfer LP (NYSE:ET) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,117 shares of the pipeline company’s stock after selling 3,016 shares during the period. WR Wealth Planners LLC’s holdings in Energy Transfer were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ET. FMR LLC grew its position in Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock worth $535,738,000 after acquiring an additional 10,195,768 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 during the last quarter. Citigroup Inc. grew its position in shares of Energy Transfer by 45.9% in the 3rd quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company’s stock valued at $153,787,000 after buying an additional 3,013,973 shares during the last quarter. Americana Partners LLC grew its position in shares of Energy Transfer by 157.5% in the 3rd quarter. Americana Partners LLC now owns 1,805,816 shares of the pipeline company’s stock valued at $28,983,000 after buying an additional 1,104,494 shares during the last quarter. Finally, Prospera Private Wealth LLC grew its position in shares of Energy Transfer by 1,680.2% in the 3rd quarter. Prospera Private Wealth LLC now owns 774,194 shares of the pipeline company’s stock valued at $12,426,000 after buying an additional 730,706 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ET shares. Royal Bank of Canada upped their price target on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price target on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Citigroup boosted their price objective on Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays boosted 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. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Stock Up 2.0 %

ET stock opened at $19.32 on Friday. The stock’s 50 day simple moving average is $19.92 and its 200 day simple moving average is $18.01. 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. The company has a market cap of $66.27 billion, a P/E ratio of 15.09, a price-to-earnings-growth 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 earnings per share 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%. On average, research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.73%. Energy Transfer’s dividend payout ratio is 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.