Oxford Financial Group LTD. LLC Has $345,000 Stock Holdings in Energy Transfer LP (NYSE:ET)

Oxford Financial Group LTD. LLC lowered its stake in shares of Energy Transfer LP (NYSE:ET) by 22.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,602 shares of the pipeline company’s stock after selling 5,014 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Energy Transfer were worth $345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in Energy Transfer during the 4th quarter worth approximately $59,000. Kiker Wealth Management LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth approximately $305,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Energy Transfer in the 4th quarter worth $6,920,000. HUB Investment Partners LLC increased its stake in Energy Transfer by 417.2% during the 4th quarter. HUB Investment Partners LLC now owns 142,043 shares of the pipeline company’s stock valued at $2,783,000 after purchasing an additional 114,577 shares in the last quarter. Finally, Symmetry Partners LLC acquired a new position in Energy Transfer during the fourth quarter worth $302,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Down 1.1 %

Shares of ET opened at $18.65 on Friday. Energy Transfer LP has a fifty-two week low of $14.90 and a fifty-two week high of $21.45. The business has a 50-day moving average of $19.57 and a 200 day moving average of $18.26. The firm has a market cap of $63.98 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

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

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 6.97%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is currently 101.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ET. Barclays boosted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted 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. Wells Fargo & Company upped their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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. Finally, UBS Group restated a “buy” rating on shares of Energy Transfer in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.55.

Energy Transfer 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.