Energy Transfer LP (NYSE:ET) is ORG Wealth Partners LLC’s 4th Largest Position

ORG Wealth Partners LLC raised its stake in Energy Transfer LP (NYSE:ET) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 365,240 shares of the pipeline company’s stock after purchasing an additional 21,397 shares during the period. Energy Transfer accounts for about 2.5% of ORG Wealth Partners LLC’s holdings, making the stock its 4th biggest position. ORG Wealth Partners LLC’s holdings in Energy Transfer were worth $7,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ET. Princeton Global Asset Management LLC raised its position in 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 purchasing an additional 650 shares during the last quarter. Assetmark Inc. increased its stake in Energy Transfer by 2,138.5% in the third 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 period. GAMMA Investing LLC purchased a new stake in shares of Energy Transfer in the fourth quarter valued at about $29,000. HWG Holdings LP acquired a new stake in shares of Energy Transfer during the second quarter worth about $33,000. Finally, Sugarloaf Wealth Management LLC raised its stake in Energy Transfer by 43.6% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company’s stock valued at $40,000 after acquiring an additional 750 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of NYSE:ET traded down $0.31 during trading on Friday, hitting $19.42. 5,403,929 shares of the company traded hands, compared to its average volume of 12,471,387. The business’s fifty day moving average is $18.67 and its 200-day moving average is $17.03. The stock has a market capitalization of $66.49 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.62 and a beta of 1.70. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a one year low of $13.60 and a one year high of $20.02.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $20.77 billion for the quarter, compared to analysts’ expectations of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. As a group, equities analysts predict that Energy Transfer LP will post 1.32 earnings per share for the current fiscal year.

Energy Transfer Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s dividend payout ratio is presently 94.85%.

Analysts Set New Price Targets

ET has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays boosted their price target on Energy Transfer from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Bank of America assumed coverage on shares of Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 target price for the company. Royal Bank of Canada upped their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, UBS Group raised their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and an average target price of $20.55.

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.