Energy Transfer LP (NYSE:ET) Shares Purchased by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC increased its holdings in Energy Transfer LP (NYSE:ET) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,225 shares of the pipeline company’s stock after buying an additional 722 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Energy Transfer were worth $396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ET. Bank of New York Mellon Corp lifted its holdings in shares of Energy Transfer by 32.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,442 shares of the pipeline company’s stock valued at $1,532,000 after buying an additional 23,079 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in Energy Transfer by 25.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 12,990 shares of the pipeline company’s stock valued at $211,000 after acquiring an additional 2,600 shares in the last quarter. Blair William & Co. IL lifted its holdings in Energy Transfer by 9.2% in the second quarter. Blair William & Co. IL now owns 449,772 shares of the pipeline company’s stock valued at $7,295,000 after acquiring an additional 37,927 shares during the period. Hsbc Holdings PLC purchased a new stake in Energy Transfer in the 2nd quarter worth approximately $290,000. Finally, Ieq Capital LLC grew its stake in shares of Energy Transfer by 8.0% during the 2nd quarter. Ieq Capital LLC now owns 197,856 shares of the pipeline company’s stock worth $3,209,000 after purchasing an additional 14,728 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America initiated coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their target price on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Barclays lifted their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Royal Bank of Canada raised their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average price target of $20.82.

Energy Transfer Stock Performance

NYSE ET opened at $20.24 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The stock’s fifty day moving average is $18.90 and its two-hundred day moving average is $17.14. The firm has a market capitalization of $69.28 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.57 and a beta of 1.70. Energy Transfer LP has a fifty-two week low of $13.60 and a fifty-two week high of $20.32.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $21.59 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The company’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Energy Transfer LP will post 1.34 earnings per share for the current year.

Energy Transfer Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were paid a $0.3225 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.29 annualized dividend and a dividend yield of 6.38%. Energy Transfer’s dividend payout ratio (DPR) is 94.85%.

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.