Financial Life Planners Makes New Investment in Energy Transfer LP (NYSE:ET)

Financial Life Planners purchased a new stake in Energy Transfer LP (NYSE:ET) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,896 shares of the pipeline company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HFG Advisors Inc. lifted its stake in Energy Transfer by 2.0% in the fourth quarter. HFG Advisors Inc. now owns 56,695 shares of the pipeline company’s stock worth $1,111,000 after acquiring an additional 1,100 shares during the last quarter. S.A. Mason LLC lifted its position in shares of Energy Transfer by 18.7% during the 4th quarter. S.A. Mason LLC now owns 4,873 shares of the pipeline company’s stock worth $95,000 after purchasing an additional 768 shares during the last quarter. Burford Brothers Inc. grew its stake in shares of Energy Transfer by 13.3% during the fourth quarter. Burford Brothers Inc. now owns 50,894 shares of the pipeline company’s stock worth $997,000 after purchasing an additional 5,973 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Energy Transfer by 1.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,006,789 shares of the pipeline company’s stock valued at $19,723,000 after buying an additional 14,941 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in Energy Transfer by 2.3% during the fourth quarter. Spire Wealth Management now owns 102,958 shares of the pipeline company’s stock worth $2,017,000 after purchasing an additional 2,320 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Energy Transfer Price Performance

NYSE:ET opened at $20.74 on Tuesday. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. Energy Transfer LP has a 12-month low of $13.79 and a 12-month high of $21.45. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average is $19.59 and its two-hundred day moving average is $17.51.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. Energy Transfer’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. Research analysts expect that Energy Transfer LP will post 1.36 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 6.27%. Energy Transfer’s dividend payout ratio is 94.85%.

Analyst Ratings Changes

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

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.