Larson Financial Group LLC Raises Position in Energy Transfer LP (NYSE:ET)

Larson Financial Group LLC raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,893 shares of the pipeline company’s stock after acquiring an additional 3,324 shares during the quarter. Larson Financial Group LLC’s holdings in Energy Transfer were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ET. Alps Advisors Inc. lifted its stake in shares of Energy Transfer by 14.5% during the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock valued at $1,033,541,000 after buying an additional 9,341,798 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Energy Transfer by 38.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after buying an additional 7,097,074 shares in the last quarter. UBS Group AG lifted its holdings in shares of Energy Transfer by 3.9% in the third quarter. UBS Group AG now owns 25,274,342 shares of the pipeline company’s stock worth $354,599,000 after buying an additional 953,251 shares in the last quarter. Chickasaw Capital Management LLC lifted its stake in Energy Transfer by 7.5% in the 4th quarter. Chickasaw Capital Management LLC now owns 15,222,571 shares of the pipeline company’s stock worth $210,071,000 after purchasing an additional 1,060,322 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Energy Transfer by 31.1% during the 3rd quarter. Barclays PLC now owns 12,378,222 shares of the pipeline company’s stock worth $173,666,000 after acquiring an additional 2,933,353 shares in the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Trading Down 0.2 %

ET opened at $15.87 on Thursday. The company has a market capitalization of $53.47 billion, a P/E ratio of 14.56 and a beta of 1.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. Energy Transfer LP has a 52 week low of $12.18 and a 52 week high of $16.04. The stock’s fifty day moving average is $15.30 and its two-hundred day moving average is $14.30.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same period last year, the company posted $0.34 earnings per share. Energy Transfer’s revenue was up .2% compared to the same quarter last year. Analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ET. UBS Group decreased their target price on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Citigroup raised their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Mizuho reaffirmed a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.