Energy Transfer LP (NYSE:ET) Stake Boosted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its position in Energy Transfer LP (NYSE:ET) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,977 shares of the pipeline company’s stock after acquiring an additional 5,225 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Energy Transfer were worth $1,939,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. 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 acquiring an additional 511 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Energy Transfer by 0.3% in the 4th quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company’s stock valued at $3,148,000 after acquiring an additional 547 shares in the last quarter. Marcum Wealth LLC boosted its position 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 worth $252,000 after buying an additional 561 shares during the period. Financial Freedom LLC grew its stake in Energy Transfer by 26.8% during the 4th quarter. Financial Freedom LLC now owns 2,906 shares of the pipeline company’s stock valued at $57,000 after acquiring an additional 614 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in Energy Transfer by 1.7% in the 4th 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 own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $19.80 on Tuesday. The stock has a market capitalization of $67.80 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.55 and a beta of 1.70. The firm has a fifty day moving average of $19.39 and a two-hundred day moving average of $17.36. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. Energy Transfer LP has a 52 week low of $13.79 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $20.77 billion for 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 business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. As a group, equities research analysts predict that Energy Transfer LP will post 1.37 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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 note on Thursday, December 19th. Bank of America assumed coverage on Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays increased their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Energy Transfer presently has an average rating of “Moderate Buy” and an average target price of $20.82.

Energy Transfer Company 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.