PFG Investments LLC Has $4.81 Million Position in Energy Transfer LP (NYSE:ET)

PFG Investments LLC boosted its position in shares of Energy Transfer LP (NYSE:ET) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 245,688 shares of the pipeline company’s stock after purchasing an additional 34,367 shares during the quarter. PFG Investments LLC’s holdings in Energy Transfer were worth $4,813,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ET. Private Client Services LLC boosted its holdings in shares of Energy Transfer by 3.1% in the fourth quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company’s stock valued at $331,000 after buying an additional 511 shares during the period. Daymark Wealth Partners LLC boosted its holdings in shares of Energy Transfer by 0.3% in the fourth quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company’s stock valued at $3,148,000 after buying an additional 547 shares during the period. Marcum Wealth LLC boosted its holdings in shares of Energy Transfer by 4.6% in the fourth quarter. Marcum Wealth LLC now owns 12,847 shares of the pipeline company’s stock valued at $252,000 after buying an additional 561 shares during the period. Financial Freedom LLC boosted its holdings in shares of Energy Transfer by 26.8% in the fourth quarter. Financial Freedom LLC now owns 2,906 shares of the pipeline company’s stock valued at $57,000 after buying an additional 614 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Energy Transfer by 1.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 36,381 shares of the pipeline company’s stock valued at $713,000 after buying an additional 617 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ET. The Goldman Sachs Group boosted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company upped 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. 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 price target on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

Energy Transfer Trading Down 0.6 %

ET opened at $20.93 on Monday. The stock’s fifty day moving average is $19.39 and its two-hundred day moving average is $17.35. The company has a market capitalization of $71.68 billion, a P/E ratio of 15.39, a PEG ratio of 0.55 and a beta of 1.70. Energy Transfer LP has a 52 week low of $13.79 and a 52 week high of $21.45. 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 (NYSE:ET) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The company had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $21.59 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Analysts forecast that Energy Transfer LP will post 1.37 earnings per share for the current year.

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.