Advisor OS LLC Grows Holdings in Energy Transfer LP (NYSE:ET)

Advisor OS LLC raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,590 shares of the pipeline company’s stock after acquiring an additional 2,580 shares during the quarter. Advisor OS LLC’s holdings in Energy Transfer were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its position in shares of Energy Transfer by 65.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after buying an additional 650 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,668 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Energy Transfer in the 4th quarter worth approximately $29,000. Financial Life Planners bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $37,000. Finally, Citizens National Bank Trust Department purchased a new stake in Energy Transfer during the 4th quarter valued at $39,000. 38.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective 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. Royal Bank of Canada upped their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays raised their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company upped 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. Finally, Citigroup lifted their target price on Energy Transfer from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Stock Performance

ET stock opened at $18.94 on Wednesday. Energy Transfer LP has a 1-year low of $14.52 and a 1-year high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The company has a market capitalization of $64.97 billion, a P/E ratio of 14.79, a PEG ratio of 0.64 and a beta of 1.69. The business has a 50-day moving average price of $19.88 and a 200 day moving average price of $17.97.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. As a group, equities research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.87%. 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 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.