Rothschild Investment LLC Boosts Stock Holdings in Energy Transfer LP (NYSE:ET)

Rothschild Investment LLC increased its stake in shares of Energy Transfer LP (NYSE:ET) by 22.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,562 shares of the pipeline company’s stock after purchasing an additional 2,325 shares during the quarter. Rothschild Investment LLC’s holdings in Energy Transfer were worth $246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IFP Advisors Inc grew its position in shares of Energy Transfer by 1.1% during the fourth quarter. IFP Advisors Inc now owns 634,469 shares of the pipeline company’s stock worth $12,429,000 after buying an additional 6,665 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Energy Transfer by 18.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 3,649 shares of the pipeline company’s stock worth $71,000 after acquiring an additional 556 shares in the last quarter. Partners Wealth Management LLC acquired a new position in Energy Transfer during the 4th quarter worth approximately $209,000. Delap Wealth Advisory LLC grew its holdings in Energy Transfer by 6.8% during the 4th quarter. Delap Wealth Advisory LLC now owns 14,161 shares of the pipeline company’s stock worth $277,000 after acquiring an additional 901 shares in the last quarter. Finally, MONECO Advisors LLC grew its holdings in Energy Transfer by 11.3% during the 4th quarter. MONECO Advisors LLC now owns 44,449 shares of the pipeline company’s stock worth $871,000 after acquiring an additional 4,502 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Down 0.2 %

Shares of NYSE:ET opened at $18.94 on Wednesday. Energy Transfer LP has a 1-year low of $14.52 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The stock has a market cap of $64.97 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.64 and a beta of 1.69. The firm has a fifty day moving average price of $19.88 and a 200 day moving average price of $17.97.

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

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 6.87%. Energy Transfer’s dividend payout ratio is currently 101.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on ET. Barclays increased their target price on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. The Goldman Sachs Group boosted their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Citigroup boosted their price objective on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada increased their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.55.

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.