TrueWealth Advisors LLC Has $316,000 Position in Energy Transfer LP (NYSE:ET)

TrueWealth Advisors LLC grew its stake in Energy Transfer LP (NYSE:ET) by 17.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,137 shares of the pipeline company’s stock after acquiring an additional 2,371 shares during the period. TrueWealth Advisors LLC’s holdings in Energy Transfer were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT lifted its holdings in Energy Transfer by 25.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 12,990 shares of the pipeline company’s stock worth $211,000 after purchasing an additional 2,600 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Energy Transfer by 9.2% during the second quarter. Blair William & Co. IL now owns 449,772 shares of the pipeline company’s stock worth $7,295,000 after buying an additional 37,927 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Energy Transfer in the second quarter valued at about $290,000. Ieq Capital LLC boosted its position in shares of Energy Transfer by 8.0% in the second quarter. Ieq Capital LLC now owns 197,856 shares of the pipeline company’s stock valued at $3,209,000 after acquiring an additional 14,728 shares during the period. Finally, GM Advisory Group LLC grew its stake in shares of Energy Transfer by 18.2% in the second quarter. GM Advisory Group LLC now owns 18,400 shares of the pipeline company’s stock valued at $298,000 after acquiring an additional 2,834 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ET. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada boosted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. 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 objective on the stock. Barclays upped their target price on 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 raised their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

Energy Transfer Stock Up 0.2 %

Shares of NYSE ET opened at $20.28 on Friday. The company has a market cap of $69.45 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.57 and a beta of 1.70. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. Energy Transfer LP has a 12 month low of $13.60 and a 12 month high of $20.40. The stock has a 50-day moving average price of $18.96 and a two-hundred day moving average price of $17.16.

Energy Transfer (NYSE:ET) last released its quarterly earnings data 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 business had revenue of $20.77 billion during 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 firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. As a group, analysts forecast that Energy Transfer LP will post 1.34 earnings per share for the current fiscal year.

Energy Transfer Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were paid a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s payout ratio is 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.