Avior Wealth Management LLC Buys 73,359 Shares of Energy Transfer LP $ET

Avior Wealth Management LLC raised its stake in Energy Transfer LP (NYSE:ETFree Report) by 436.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,160 shares of the pipeline company’s stock after acquiring an additional 73,359 shares during the quarter. Avior Wealth Management LLC’s holdings in Energy Transfer were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in Energy Transfer during the 3rd quarter worth $264,309,000. Alps Advisors Inc. grew its holdings in shares of Energy Transfer by 4.5% in the 3rd quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock valued at $1,332,492,000 after buying an additional 3,366,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Energy Transfer by 9.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,353,476 shares of the pipeline company’s stock valued at $387,139,000 after buying an additional 1,825,391 shares in the last quarter. Invesco Ltd. increased its holdings in Energy Transfer by 3.2% during the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after purchasing an additional 1,773,042 shares in the last quarter. Finally, Jump Financial LLC grew its stake in shares of Energy Transfer by 2,687.9% during the 2nd quarter. Jump Financial LLC now owns 1,791,358 shares of the pipeline company’s stock worth $32,477,000 after acquiring an additional 1,727,104 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ET has been the topic of several analyst reports. Scotiabank reiterated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Energy Transfer in a research note on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Finally, Royal Bank Of Canada upgraded Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.60.

Get Our Latest Stock Report on Energy Transfer

Energy Transfer Stock Up 0.1%

Shares of NYSE:ET opened at $18.99 on Friday. The company has a market capitalization of $65.31 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. Energy Transfer LP has a 1 year low of $14.60 and a 1 year high of $19.30. The business has a fifty day moving average price of $18.36 and a two-hundred day moving average price of $17.34.

Energy Transfer (NYSE:ETGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.09). The firm had revenue of $25.32 billion for the quarter, compared to the consensus estimate of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The firm’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a $0.335 dividend. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. Energy Transfer’s payout ratio is currently 110.74%.

Key Headlines Impacting Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

About Energy Transfer

(Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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