Southland Equity Partners LLC Has $288,000 Stock Position in Energy Transfer LP (NYSE:ET)

Southland Equity Partners LLC lessened its holdings in Energy Transfer LP (NYSE:ET) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,722 shares of the pipeline company’s stock after selling 2,342 shares during the period. Southland Equity Partners LLC’s holdings in Energy Transfer were worth $288,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in shares of Energy Transfer in the 2nd quarter worth $290,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Energy Transfer by 31.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,140 shares of the pipeline company’s stock worth $132,000 after purchasing an additional 1,963 shares during the last quarter. Sei Investments Co. grew its position in Energy Transfer by 77.4% in the 2nd quarter. Sei Investments Co. now owns 46,063 shares of the pipeline company’s stock worth $747,000 after purchasing an additional 20,093 shares in the last quarter. Bank of Montreal Can increased its stake in Energy Transfer by 4.1% in the 2nd quarter. Bank of Montreal Can now owns 98,342 shares of the pipeline company’s stock valued at $1,598,000 after buying an additional 3,887 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new position in shares of Energy Transfer during the 2nd quarter worth approximately $422,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Down 0.6 %

NYSE:ET opened at $20.93 on Friday. Energy Transfer LP has a 1 year low of $13.79 and a 1 year high of $21.45. The stock’s fifty day moving average price is $19.31 and its two-hundred day moving average price is $17.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The company has a market cap of $71.68 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.55 and a beta of 1.70.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, analysts expect that Energy Transfer LP will post 1.37 EPS for the current year.

Energy Transfer Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were paid a dividend of $0.3225 per share. The ex-dividend date was Friday, November 8th. This represents a $1.29 annualized dividend and a yield of 6.16%. Energy Transfer’s dividend payout ratio is currently 94.85%.

Wall Street Analyst Weigh In

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

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.