Energy Transfer LP (NYSE:ET) Shares Purchased by Mission Wealth Management LP

Mission Wealth Management LP raised its position in Energy Transfer LP (NYSE:ET) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,759 shares of the pipeline company’s stock after purchasing an additional 1,429 shares during the period. Mission Wealth Management LP’s holdings in Energy Transfer were worth $259,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ET. Rise Advisors LLC increased its holdings in shares of Energy Transfer by 88.2% in the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 750 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Energy Transfer during the 3rd quarter valued at about $37,000. Community Bank N.A. grew its holdings in shares of Energy Transfer by 55.9% in the fourth quarter. Community Bank N.A. now owns 2,651 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 951 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in Energy Transfer during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ET shares. Mizuho reissued a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Citigroup raised their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Trading Up 0.8 %

Shares of NYSE ET opened at $15.90 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $53.57 billion, a PE ratio of 14.59 and a beta of 1.63. Energy Transfer LP has a twelve month low of $12.18 and a twelve month high of $16.07. The stock has a fifty day simple moving average of $15.44 and a 200-day simple moving average of $14.38.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. Energy Transfer’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, equities analysts forecast that Energy Transfer LP will post 1.56 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a dividend of $0.317 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a yield of 7.97%. The ex-dividend date is Friday, May 10th. Energy Transfer’s dividend payout ratio is presently 115.60%.

Energy Transfer Company 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.