Fund Advisors of America Inc FL Invests $948,000 in Energy Transfer LP $ET

Fund Advisors of America Inc FL bought a new stake in shares of Energy Transfer LP (NYSE:ET) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,486 shares of the pipeline company’s stock, valued at approximately $948,000.

A number of other institutional investors have also recently made changes to their positions in the business. Mountain Capital Investment Advisors Inc. lifted its stake in shares of Energy Transfer by 4.9% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 12,007 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 560 shares during the last quarter. Marks Wealth LLC increased its position in shares of Energy Transfer by 4.7% during the 4th quarter. Marks Wealth LLC now owns 12,560 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 560 shares during the last quarter. Avos Capital Management LLC increased its position in shares of Energy Transfer by 0.8% during the 4th quarter. Avos Capital Management LLC now owns 76,695 shares of the pipeline company’s stock valued at $1,265,000 after purchasing an additional 583 shares during the last quarter. SP Asset Management LLC raised its holdings in Energy Transfer by 2.0% during the 4th quarter. SP Asset Management LLC now owns 30,631 shares of the pipeline company’s stock valued at $505,000 after buying an additional 589 shares during the period. Finally, Gables Capital Management Inc. lifted its position in Energy Transfer by 60.0% in the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after buying an additional 600 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

NYSE ET opened at $18.77 on Friday. The company has a market cap of $64.60 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55. The stock’s 50 day simple moving average is $19.42 and its 200-day simple moving average is $18.42. Energy Transfer LP has a 1-year low of $16.18 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 0.93.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.78 billion. Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.43 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 8th. Energy Transfer’s payout ratio is 112.50%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Morgan Stanley lifted their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Energy Transfer in a research note on Friday, June 5th. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday, May 6th. Finally, Barclays reaffirmed an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of Energy Transfer in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.45.

Energy Transfer Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.