Energy Transfer LP (NYSE:ET) Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,420 shares of the pipeline company’s stock after acquiring an additional 6,346 shares during the period. Kovack Advisors Inc.’s holdings in Energy Transfer were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rise Advisors LLC grew its holdings in Energy Transfer by 88.2% in the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Energy Transfer by 42.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 750 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in Energy Transfer in the third quarter valued at $37,000. Community Bank N.A. grew its holdings in Energy Transfer by 55.9% in the fourth quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 951 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in Energy Transfer in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.1 %

NYSE:ET traded up $0.02 on Friday, hitting $15.96. 5,346,991 shares of the stock were exchanged, compared to its average volume of 11,025,037. The stock has a market cap of $53.78 billion, a PE ratio of 14.64 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average of $15.36 and a 200-day moving average of $14.33. Energy Transfer LP has a fifty-two week low of $12.18 and a fifty-two week high of $16.04.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts expect that Energy Transfer LP will post 1.57 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a $0.317 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.94%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is 115.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup upped their price objective on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Mizuho restated a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. Finally, UBS Group reduced their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

About Energy Transfer

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.