One Charles Private Wealth Services LLC Purchases 49,127 Shares of Energy Transfer LP (NYSE:ET)

One Charles Private Wealth Services LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 245.6% in the 3rd quarter, Holdings Channel reports. The firm owned 69,127 shares of the pipeline company’s stock after buying an additional 49,127 shares during the period. One Charles Private Wealth Services LLC’s holdings in Energy Transfer were worth $1,109,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ET. Fortis Capital Management LLC boosted its stake in shares of Energy Transfer by 2.0% in the 3rd quarter. Fortis Capital Management LLC now owns 31,956 shares of the pipeline company’s stock valued at $513,000 after purchasing an additional 634 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake 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. Veracity Capital LLC boosted its position in Energy Transfer by 2.0% in the second quarter. Veracity Capital LLC now owns 33,575 shares of the pipeline company’s stock valued at $545,000 after buying an additional 659 shares in the last quarter. Haverford Trust Co grew its stake in shares of Energy Transfer by 0.7% during the third quarter. Haverford Trust Co now owns 102,176 shares of the pipeline company’s stock worth $1,640,000 after buying an additional 675 shares during the last quarter. Finally, Morton Capital Management LLC CA increased its holdings in shares of Energy Transfer by 1.6% during the second quarter. Morton Capital Management LLC CA now owns 44,383 shares of the pipeline company’s stock worth $720,000 after buying an additional 699 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Energy Transfer from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America started coverage on Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 price target on the stock. Finally, UBS Group upped their price objective on Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Energy Transfer has a consensus rating of “Buy” and an average target price of $20.00.

Energy Transfer Price Performance

Energy Transfer stock opened at $19.06 on Friday. The stock’s 50 day moving average is $16.66 and its 200 day moving average is $16.18. Energy Transfer LP has a one year low of $13.11 and a one year high of $19.20. The firm has a market cap of $65.26 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.61 and a beta of 1.66. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88.

Energy Transfer (NYSE:ET) last issued its quarterly 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. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $21.59 billion. During the same quarter in the previous year, the company earned $0.31 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts expect that Energy Transfer LP will post 1.34 EPS for the current year.

Energy Transfer Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.3225 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a yield of 6.77%. Energy Transfer’s payout ratio is currently 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.