Energy Transfer LP (NYSE:ET) Shares Purchased by Private Client Services LLC

Private Client Services LLC increased its position in shares of Energy Transfer LP (NYSE:ET) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 16,915 shares of the pipeline company’s stock after purchasing an additional 511 shares during the period. Private Client Services LLC’s holdings in Energy Transfer were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ET. Fortis Capital Management LLC boosted its holdings in shares of Energy Transfer by 2.0% during the 3rd quarter. Fortis Capital Management LLC now owns 31,956 shares of the pipeline company’s stock worth $513,000 after purchasing an additional 634 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Energy Transfer by 65.0% during the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock worth $26,000 after buying an additional 650 shares during the last quarter. Haverford Trust Co grew its holdings in Energy Transfer by 0.7% in the 3rd quarter. Haverford Trust Co now owns 102,176 shares of the pipeline company’s stock valued at $1,640,000 after buying an additional 675 shares in the last quarter. Veracity Capital LLC increased its stake in shares of Energy Transfer by 2.0% in the 3rd quarter. Veracity Capital LLC now owns 34,255 shares of the pipeline company’s stock worth $550,000 after acquiring an additional 680 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Energy Transfer by 2.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 31,858 shares of the pipeline company’s stock worth $522,000 after acquiring an additional 709 shares during the period. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.6 %

Shares of NYSE ET traded up $0.12 during trading on Wednesday, reaching $19.61. The stock had a trading volume of 6,055,179 shares, compared to its average volume of 13,363,756. The business’s 50-day moving average price is $18.54 and its 200-day moving average price is $16.99. Energy Transfer LP has a fifty-two week low of $13.60 and a fifty-two week high of $20.02. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The company has a market cap of $67.14 billion, a P/E ratio of 14.42, a PEG ratio of 0.63 and a beta of 1.70.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Energy Transfer LP will post 1.32 EPS for the current fiscal year.

Energy Transfer Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.3225 per share. The ex-dividend date was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a yield of 6.58%. Energy Transfer’s dividend payout ratio (DPR) is presently 94.85%.

Wall Street Analysts Forecast Growth

ET has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group increased their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Barclays lifted their price target on shares of Energy Transfer from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Royal Bank of Canada increased their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Bank of America assumed coverage on Energy Transfer in a research report on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and an average price target of $20.55.

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.