16,135 Shares in Energy Transfer LP (NYSE:ET) Bought by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC bought a new stake in Energy Transfer LP (NYSE:ET) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,135 shares of the pipeline company’s stock, valued at approximately $316,000.

A number of other hedge funds have also made changes to their positions in ET. Sei Investments Co. lifted its stake in Energy Transfer by 77.4% in the 2nd quarter. Sei Investments Co. now owns 46,063 shares of the pipeline company’s stock valued at $747,000 after buying an additional 20,093 shares in the last quarter. Walnut Private Equity Partners LLC lifted its position in shares of Energy Transfer by 0.6% in the third quarter. Walnut Private Equity Partners LLC now owns 1,947,500 shares of the pipeline company’s stock valued at $31,346,000 after acquiring an additional 12,500 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Energy Transfer by 26.5% during the third quarter. Fulton Bank N.A. now owns 32,172 shares of the pipeline company’s stock valued at $516,000 after acquiring an additional 6,735 shares during the last quarter. Axiom Advisory LLC increased its position in Energy Transfer by 3.6% during the 3rd quarter. Axiom Advisory LLC now owns 35,466 shares of the pipeline company’s stock worth $571,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Energy Transfer by 5.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 137,660 shares of the pipeline company’s stock worth $2,209,000 after purchasing an additional 7,344 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analysts Set New Price Targets

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

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $20.47 on Monday. The firm has a market capitalization of $70.08 billion, a PE ratio of 15.05, a P/E/G ratio of 0.54 and a beta of 1.69. Energy Transfer LP has a 12 month low of $13.79 and a 12 month high of $21.45. 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 business has a 50-day moving average of $19.59 and a two-hundred day moving average of $17.51.

Energy Transfer (NYSE:ET) last posted its 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. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, research analysts forecast that Energy Transfer LP will post 1.36 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be issued a dividend of $0.325 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 6.35%. Energy Transfer’s payout ratio is presently 94.85%.

About Energy Transfer

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.