Energy Transfer LP (NYSE:ET) Stock Position Boosted by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. boosted its position in shares of Energy Transfer LP (NYSE:ET) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,454 shares of the pipeline company’s stock after purchasing an additional 1,665 shares during the period. Energy Transfer makes up 2.6% of Aurora Private Wealth Inc.’s holdings, making the stock its 8th biggest holding. Aurora Private Wealth Inc.’s holdings in Energy Transfer were worth $3,457,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ET. Hsbc Holdings PLC acquired a new stake in shares of Energy Transfer during the second quarter valued at about $290,000. Sei Investments Co. increased its position in shares of Energy Transfer by 77.4% during the second quarter. Sei Investments Co. now owns 46,063 shares of the pipeline company’s stock valued at $747,000 after acquiring an additional 20,093 shares during the last quarter. Bank of Montreal Can increased its position in shares of Energy Transfer by 4.1% during the second quarter. Bank of Montreal Can now owns 98,342 shares of the pipeline company’s stock valued at $1,598,000 after acquiring an additional 3,887 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its position in shares of Energy Transfer by 53.6% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 9,221 shares of the pipeline company’s stock valued at $150,000 after acquiring an additional 3,219 shares during the last quarter. Finally, Creative Planning increased its position in shares of Energy Transfer by 5.7% during the second quarter. Creative Planning now owns 681,018 shares of the pipeline company’s stock valued at $11,046,000 after acquiring an additional 36,668 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ET shares. Royal Bank of Canada lifted their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Barclays lifted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Bank of America started coverage on shares of Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus price target of $20.82.

Energy Transfer Trading Down 0.6 %

NYSE ET opened at $20.93 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a 52 week low of $13.79 and a 52 week high of $21.45. The stock has a market capitalization of $71.68 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.55 and a beta of 1.70. The firm has a 50 day moving average of $19.39 and a two-hundred day moving average of $17.36.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, research analysts expect that Energy Transfer LP will post 1.37 EPS for the current fiscal year.

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.