Winthrop Advisory Group LLC Takes Position in Energy Transfer LP (NYSE:ET)

Winthrop Advisory Group LLC acquired a new stake in shares of Energy Transfer LP (NYSE:ET) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,485 shares of the pipeline company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HBW Advisory Services LLC raised its position in shares of Energy Transfer by 8.6% during the fourth quarter. HBW Advisory Services LLC now owns 27,658 shares of the pipeline company’s stock valued at $542,000 after buying an additional 2,180 shares during the last quarter. ORG Wealth Partners LLC increased its position in Energy Transfer by 6.2% in the fourth quarter. ORG Wealth Partners LLC now owns 365,240 shares of the pipeline company’s stock worth $7,155,000 after purchasing an additional 21,397 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Energy Transfer by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 742,147 shares of the pipeline company’s stock worth $14,539,000 after purchasing an additional 23,324 shares during the last quarter. ORG Partners LLC increased its position in Energy Transfer by 2.5% in the fourth quarter. ORG Partners LLC now owns 29,340 shares of the pipeline company’s stock worth $575,000 after purchasing an additional 715 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in Energy Transfer in the fourth quarter worth $1,297,000. Institutional investors own 38.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. UBS Group boosted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada lifted their price objective 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 stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Barclays lifted 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus target price of $20.82.

Energy Transfer Price Performance

Shares of NYSE:ET traded up $0.05 during midday trading on Monday, reaching $19.47. 2,142,094 shares of the company’s stock traded hands, compared to its average volume of 12,237,405. The company has a fifty day simple moving average of $18.73 and a two-hundred day simple moving average of $17.07. Energy Transfer LP has a 1 year low of $13.60 and a 1 year high of $20.02. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The company has a market cap of $66.66 billion, a P/E ratio of 14.32, a PEG ratio of 0.62 and a beta of 1.70.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.59 billion. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities analysts predict that Energy Transfer LP will post 1.32 EPS for the current fiscal year.

Energy Transfer Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were paid a $0.3225 dividend. This represents a $1.29 annualized dividend and a yield of 6.63%. The ex-dividend date was Friday, November 8th. Energy Transfer’s dividend payout ratio is currently 94.85%.

About Energy Transfer

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.