Energy Transfer LP (NYSE:ET) Shares Bought by Crewe Advisors LLC

Crewe Advisors LLC lifted its holdings in shares of Energy Transfer LP (NYSE:ET) by 2,170.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,194 shares of the pipeline company’s stock after acquiring an additional 11,657 shares during the period. Crewe Advisors LLC’s holdings in Energy Transfer were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ET. NBC Securities Inc. raised its position in shares of Energy Transfer by 4.3% during the 1st quarter. NBC Securities Inc. now owns 56,366 shares of the pipeline company’s stock worth $886,000 after buying an additional 2,326 shares in the last quarter. Mutual Advisors LLC raised its holdings in Energy Transfer by 112.9% during the fourth quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company’s stock worth $2,028,000 after purchasing an additional 77,938 shares in the last quarter. US Bancorp DE lifted its position in Energy Transfer by 95.8% in the fourth quarter. US Bancorp DE now owns 145,894 shares of the pipeline company’s stock worth $2,013,000 after purchasing an additional 71,386 shares during the period. Savant Capital LLC boosted its stake in Energy Transfer by 19.7% during the 4th quarter. Savant Capital LLC now owns 26,335 shares of the pipeline company’s stock valued at $363,000 after purchasing an additional 4,340 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in Energy Transfer by 3.3% during the 4th quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company’s stock valued at $390,000 after purchasing an additional 903 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ET has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. UBS Group lifted their price objective on shares of Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Stifel Nicolaus increased their target price on shares of Energy Transfer from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Mizuho lifted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Morgan Stanley upped their price target on Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.29.

Energy Transfer Trading Down 0.3 %

Shares of NYSE:ET traded down $0.05 during mid-day trading on Thursday, hitting $16.13. The stock had a trading volume of 36,165,433 shares, compared to its average volume of 12,642,281. Energy Transfer LP has a 12-month low of $12.46 and a 12-month high of $16.50. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.18. The company has a market cap of $54.36 billion, a PE ratio of 14.80, a P/E/G ratio of 0.45 and a beta of 1.66. The company’s 50 day moving average is $15.87 and its 200-day moving average is $15.33.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). Energy Transfer had a net margin of 4.85% and a return on equity of 12.22%. The business had revenue of $21.63 billion during the quarter, compared to analysts’ expectations of $20.91 billion. During the same quarter in the previous year, the company earned $0.32 EPS. Energy Transfer’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, sell-side analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

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.