Guyasuta Investment Advisors Inc. Sells 9,900 Shares of Energy Transfer LP (NYSE:ET)

Guyasuta Investment Advisors Inc. cut its stake in shares of Energy Transfer LP (NYSE:ET) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,140 shares of the pipeline company’s stock after selling 9,900 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Energy Transfer were worth $485,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ET. Brookstone Capital Management increased its position in Energy Transfer by 64.6% in the third quarter. Brookstone Capital Management now owns 144,500 shares of the pipeline company’s stock worth $2,027,000 after purchasing an additional 56,703 shares during the period. Commonwealth Equity Services LLC increased its position in Energy Transfer by 3.7% in the third quarter. Commonwealth Equity Services LLC now owns 1,131,591 shares of the pipeline company’s stock worth $15,876,000 after purchasing an additional 40,050 shares during the period. Busey Trust CO increased its position in Energy Transfer by 32.8% in the third quarter. Busey Trust CO now owns 16,177 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 4,000 shares during the period. Cumberland Advisors Inc. increased its position in Energy Transfer by 12.6% in the third quarter. Cumberland Advisors Inc. now owns 13,209 shares of the pipeline company’s stock worth $185,000 after purchasing an additional 1,480 shares during the period. Finally, Sweet Financial Partners LLC increased its position in Energy Transfer by 15.7% in the third quarter. Sweet Financial Partners LLC now owns 57,968 shares of the pipeline company’s stock worth $813,000 after purchasing an additional 7,874 shares during the period. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Performance

Shares of NYSE ET opened at $16.00 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The stock’s fifty day moving average price is $15.39 and its two-hundred day moving average price is $14.35. Energy Transfer LP has a one year low of $12.18 and a one year high of $16.07. The firm has a market cap of $53.89 billion, a price-to-earnings ratio of 14.67 and a beta of 1.64.

Energy Transfer (NYSE:ET) last released its 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. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. Energy Transfer’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities analysts forecast that Energy Transfer LP will post 1.57 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.317 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a dividend yield of 7.93%. The ex-dividend date is Friday, May 10th. Energy Transfer’s dividend payout ratio is currently 115.60%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho reiterated 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. Citigroup boosted their target price on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, 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 report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Energy Transfer has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.