Ameritas Advisory Services LLC Sells 44,567 Shares of Energy Transfer LP $ET

Ameritas Advisory Services LLC cut its holdings in Energy Transfer LP (NYSE:ET) by 72.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,736 shares of the pipeline company’s stock after selling 44,567 shares during the period. Ameritas Advisory Services LLC’s holdings in Energy Transfer were worth $276,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lee Financial Co raised its stake in shares of Energy Transfer by 359.7% during the third quarter. Lee Financial Co now owns 193,817 shares of the pipeline company’s stock valued at $3,326,000 after acquiring an additional 151,657 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Energy Transfer by 100.1% during the fourth quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company’s stock valued at $2,664,000 after acquiring an additional 80,786 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in shares of Energy Transfer by 150.2% during the third quarter. Fidelis Capital Partners LLC now owns 105,003 shares of the pipeline company’s stock valued at $1,802,000 after acquiring an additional 63,043 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Energy Transfer by 436.6% during the fourth quarter. Avior Wealth Management LLC now owns 90,160 shares of the pipeline company’s stock valued at $1,487,000 after acquiring an additional 73,359 shares during the last quarter. Finally, Chase Investment Counsel Corp raised its stake in shares of Energy Transfer by 277.6% during the third quarter. Chase Investment Counsel Corp now owns 219,083 shares of the pipeline company’s stock valued at $3,759,000 after acquiring an additional 161,067 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Price Performance

Shares of NYSE ET opened at $20.22 on Tuesday. Energy Transfer LP has a 1 year low of $16.18 and a 1 year high of $20.67. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 0.93. The company’s 50-day moving average is $19.23 and its 200 day moving average is $17.98. The stock has a market capitalization of $69.58 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.21 and a beta of 0.57.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $25.78 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. Energy Transfer’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, sell-side analysts expect that Energy Transfer LP will post 1.37 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be given a dividend of $0.3375 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, May 8th. Energy Transfer’s dividend payout ratio is presently 112.50%.

Analysts Set New Price Targets

Several brokerages have recently commented on ET. Citigroup reaffirmed a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a research note on Thursday, May 7th. Wells Fargo & Company upped their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Barclays reaffirmed an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a research note on Thursday. Finally, Morgan Stanley upped their price objective on shares of Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $22.75.

Energy Transfer Company 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.