Rise Advisors LLC Purchases 927 Shares of Energy Transfer LP (NYSE:ET)

Rise Advisors LLC increased its position in shares of Energy Transfer LP (NYSE:ETFree Report) by 88.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,978 shares of the pipeline company’s stock after acquiring an additional 927 shares during the period. Rise Advisors LLC’s holdings in Energy Transfer were worth $27,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VitalStone Financial LLC grew its stake in shares of Energy Transfer by 100.0% in the 1st quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,500 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Energy Transfer in the 1st quarter worth $25,000. Tsfg LLC boosted its stake in shares of Energy Transfer by 86.8% during the 3rd quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. IMA Wealth Inc. boosted its stake in shares of Energy Transfer by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,200 shares during the period. Finally, Carolinas Wealth Consulting LLC boosted its stake in shares of Energy Transfer by 149.2% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 2,549 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,526 shares during the period. 33.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ET shares. Citigroup lifted 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. UBS Group dropped their price target on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average price target of $17.57.

Read Our Latest Analysis on Energy Transfer

Energy Transfer Stock Performance

NYSE:ET traded up $0.05 during trading hours on Tuesday, hitting $15.61. 1,774,134 shares of the company were exchanged, compared to its average volume of 12,632,030. The stock has a market capitalization of $52.60 billion, a price-to-earnings ratio of 14.27 and a beta of 1.64. Energy Transfer LP has a 52-week low of $11.45 and a 52-week high of $15.71. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The company’s 50 day moving average price is $14.45 and its 200-day moving average price is $13.93.

Energy Transfer (NYSE:ETGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, research analysts forecast that Energy Transfer LP will post 1.44 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.315 per share. The ex-dividend date was Tuesday, February 6th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 dividend on an annualized basis and a yield of 8.07%. Energy Transfer’s dividend payout ratio is currently 115.60%.

Energy Transfer Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Energy Transfer (NYSE:ET)

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