Stratos Wealth Partners LTD. Has $6.13 Million Stock Holdings in Energy Transfer LP (NYSE:ET)

Stratos Wealth Partners LTD. trimmed its position in Energy Transfer LP (NYSE:ET) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,772 shares of the pipeline company’s stock after selling 8,824 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Energy Transfer were worth $6,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Dallas Securities Inc. grew its position in shares of Energy Transfer by 1.5% during the 4th quarter. First Dallas Securities Inc. now owns 178,754 shares of the pipeline company’s stock worth $3,502,000 after buying an additional 2,616 shares during the period. Fourpath Capital Management LLC grew its holdings in Energy Transfer by 4.8% during the 4th quarter. Fourpath Capital Management LLC now owns 811,023 shares of the pipeline company’s stock worth $15,888,000 after acquiring an additional 36,829 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of Energy Transfer during the 4th quarter valued at $316,000. Financial Life Planners acquired a new position in shares of Energy Transfer in the 4th quarter valued at $37,000. Finally, HFG Advisors Inc. boosted its position in shares of Energy Transfer by 2.0% in the 4th quarter. HFG Advisors Inc. now owns 56,695 shares of the pipeline company’s stock worth $1,111,000 after purchasing an additional 1,100 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Price Performance

ET stock opened at $20.79 on Thursday. The stock has a 50-day moving average price of $19.66 and a two-hundred day moving average price of $17.57. Energy Transfer LP has a 1 year low of $13.79 and a 1 year high of $21.45. The stock has a market cap of $71.19 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. Energy Transfer’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. Equities analysts forecast that Energy Transfer LP will post 1.36 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be issued a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.25%. Energy Transfer’s dividend payout ratio is presently 95.59%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ET. The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Royal Bank of Canada increased their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company upped their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Bank of America started coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and an average price target of $20.82.

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.