Tyche Wealth Partners LLC Takes Position in Energy Transfer LP (NYSE:ET)

Tyche Wealth Partners LLC acquired a new stake in Energy Transfer LP (NYSE:ET) in the 4th quarter, Holdings Channel.com reports. The fund acquired 29,389 shares of the pipeline company’s stock, valued at approximately $406,000.

Other large investors have also added to or reduced their stakes in the company. VitalStone Financial LLC raised its position in shares of Energy Transfer by 100.0% during the first quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Energy Transfer in the 1st quarter valued at $25,000. Rise Advisors LLC increased its position in shares of Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after buying an additional 927 shares during the period. IMA Wealth Inc. raised its stake in Energy Transfer by 100.0% during the second quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,200 shares during the last quarter. Finally, Ronald Blue Trust Inc. bought a new position in Energy Transfer during the third quarter worth $34,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.8 %

ET opened at $15.23 on Thursday. The company has a market cap of $51.30 billion, a P/E ratio of 13.97 and a beta of 1.64. The company has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $14.22. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a 1-year low of $12.18 and a 1-year high of $16.04.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $21.46 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.28%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 6th. Energy Transfer’s dividend payout ratio (DPR) is 115.60%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ET shares. Citigroup increased their price target on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. UBS Group decreased their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.57.

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.