Energy Transfer LP (NYSE:ET) Shares Acquired by Ariston Services Group

Ariston Services Group raised its position in shares of Energy Transfer LP (NYSE:ET) by 94.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,782 shares of the pipeline company’s stock after purchasing an additional 14,492 shares during the quarter. Energy Transfer comprises about 0.5% of Ariston Services Group’s investment portfolio, making the stock its 20th largest position. Ariston Services Group’s holdings in Energy Transfer were worth $583,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC increased its holdings in shares of Energy Transfer by 65.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 650 shares during the last quarter. Assetmark Inc. boosted its holdings in Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 1,668 shares during the period. GAMMA Investing LLC bought a new stake in Energy Transfer during the fourth quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Energy Transfer during the fourth quarter worth $37,000. Finally, Citizens National Bank Trust Department bought a new position in shares of Energy Transfer in the 4th quarter worth about $39,000. Institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

ET has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective 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. Stifel Nicolaus increased their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays boosted their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group increased their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company raised their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.55.

Energy Transfer Price Performance

Shares of NYSE ET opened at $19.04 on Tuesday. The stock has a market cap of $65.33 billion, a P/E ratio of 14.88, a P/E/G ratio of 0.64 and a beta of 1.69. The firm’s 50-day simple moving average is $19.92 and its 200 day simple moving average is $18.07. Energy Transfer LP has a fifty-two week low of $14.87 and a fifty-two week high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.83%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is 101.56%.

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.