Barrett & Company Inc. Has $232,000 Stock Holdings in Energy Transfer LP (NYSE:ET)

Barrett & Company Inc. boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 9.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,840 shares of the pipeline company’s stock after buying an additional 1,070 shares during the period. Barrett & Company Inc.’s holdings in Energy Transfer were worth $232,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Energy Transfer in the 4th quarter worth approximately $41,000. FFG Partners LLC increased its stake in shares of Energy Transfer by 0.9% in the fourth quarter. FFG Partners LLC now owns 1,650,574 shares of the pipeline company’s stock worth $32,335,000 after acquiring an additional 13,948 shares during the last quarter. Fairvoy Private Wealth LLC purchased a new stake in shares of Energy Transfer during the fourth quarter worth $354,000. Strategic Financial Concepts LLC grew its stake in Energy Transfer by 1,572.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 750,340 shares of the pipeline company’s stock valued at $14,699,000 after purchasing an additional 705,475 shares in the last quarter. Finally, Leo Wealth LLC increased its position in Energy Transfer by 7.3% in the 4th quarter. Leo Wealth LLC now owns 40,310 shares of the pipeline company’s stock worth $790,000 after purchasing an additional 2,735 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Energy Transfer Stock Down 2.0 %

ET stock opened at $20.37 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The company has a 50-day moving average of $19.71 and a two-hundred day moving average of $17.61. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. Energy Transfer LP has a 52-week low of $13.79 and a 52-week high of $21.45.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.36 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be paid a $0.325 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.30 annualized dividend and a dividend yield of 6.38%. Energy Transfer’s dividend payout ratio (DPR) is presently 94.85%.

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.