Walled Lake Planning & Wealth Management LLC Has $426,000 Stock Holdings in Energy Transfer LP (NYSE:ET)

Walled Lake Planning & Wealth Management LLC cut its position in Energy Transfer LP (NYSE:ET) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,734 shares of the pipeline company’s stock after selling 2,430 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Energy Transfer were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ET. SCP Investment LP raised its holdings in shares of Energy Transfer by 28.8% in the fourth quarter. SCP Investment LP now owns 26,800 shares of the pipeline company’s stock valued at $525,000 after buying an additional 6,000 shares during the last quarter. Hartree Partners LP bought a new stake in shares of Energy Transfer during the fourth quarter valued at approximately $16,083,000. American Money Management LLC acquired a new stake in shares of Energy Transfer in the fourth quarter valued at approximately $283,000. Strategy Asset Managers LLC raised its position in Energy Transfer by 5.9% in the 4th quarter. Strategy Asset Managers LLC now owns 19,734 shares of the pipeline company’s stock worth $387,000 after purchasing an additional 1,107 shares during the last quarter. Finally, Hobbs Group Advisors LLC lifted its holdings in Energy Transfer by 5.3% during the 4th quarter. Hobbs Group Advisors LLC now owns 13,862 shares of the pipeline company’s stock worth $272,000 after buying an additional 702 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Stock Down 0.9 %

Shares of ET stock opened at $18.72 on Friday. Energy Transfer LP has a 12-month low of $14.90 and a 12-month high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The firm has a fifty day moving average of $19.46 and a 200-day moving average of $18.37. The company has a market capitalization of $64.22 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. As a group, equities research analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.95%. Energy Transfer’s payout ratio is presently 101.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of Energy Transfer in a research report on Monday, March 24th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Energy Transfer in a report on Tuesday, March 25th. Stifel Nicolaus increased their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.09.

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.