Energy Transfer LP (NYSE:ET) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC trimmed its stake in Energy Transfer LP (NYSE:ET) by 36.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,139 shares of the pipeline company’s stock after selling 5,165 shares during the period. Larson Financial Group LLC’s holdings in Energy Transfer were worth $179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intellectus Partners LLC raised its stake in shares of Energy Transfer by 4.7% in the 4th quarter. Intellectus Partners LLC now owns 112,409 shares of the pipeline company’s stock valued at $2,202,000 after acquiring an additional 5,087 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Energy Transfer in the 4th quarter valued at approximately $225,000. EagleClaw Capital Managment LLC purchased a new stake in shares of Energy Transfer in the 4th quarter valued at approximately $225,000. Chung Wu Investment Group LLC purchased a new stake in shares of Energy Transfer in the 4th quarter valued at approximately $726,000. Finally, Ethos Financial Group LLC raised its stake in shares of Energy Transfer by 6.4% in the 4th quarter. Ethos Financial Group LLC now owns 21,622 shares of the pipeline company’s stock valued at $424,000 after acquiring an additional 1,304 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Stifel Nicolaus upped their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Citigroup upped their target price on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company upped their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Trading Up 3.3 %

Shares of NYSE:ET opened at $17.84 on Wednesday. Energy Transfer LP has a 52 week low of $14.90 and a 52 week high of $21.45. The company’s 50 day moving average is $19.72 and its two-hundred day moving average is $18.14. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The company has a market cap of $61.20 billion, a PE ratio of 13.93, a P/E/G ratio of 0.64 and a beta of 1.72.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data 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 net margin of 5.74% and a return on equity of 11.56%. Equities analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were issued a dividend of $0.325 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 7.29%. Energy Transfer’s dividend payout ratio (DPR) is presently 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.