Ariston Services Group Has $583,000 Holdings in Energy Transfer LP (NYSE:ET)

Ariston Services Group lifted its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 94.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,782 shares of the pipeline company's stock after acquiring an additional 14,492 shares during the quarter. Energy Transfer accounts for about 0.5% of Ariston Services Group's portfolio, making the stock its 20th largest position. Ariston Services Group's holdings in Energy Transfer were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC grew its position 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 buying an additional 650 shares during the last quarter. Assetmark Inc. grew its stake in Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after buying an additional 1,668 shares during the period. GAMMA Investing LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth $29,000. Financial Life Planners acquired a new stake in Energy Transfer during the 4th quarter valued at approximately $37,000. Finally, Citizens National Bank Trust Department bought a new stake in shares of Energy Transfer in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 38.22% of the company's stock.

Energy Transfer Stock Performance

ET stock traded down $0.22 during trading hours on Thursday, hitting $17.99. 11,591,222 shares of the stock were exchanged, compared to its average volume of 17,208,664. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $61.71 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.64 and a beta of 1.69. Energy Transfer LP has a 12 month low of $14.87 and a 12 month high of $21.45. The company has a 50-day simple moving average of $19.87 and a two-hundred day simple moving average of $18.08.

Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 7.23%. The ex-dividend date was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target 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. Barclays boosted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Citigroup lifted their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Energy Transfer presently has an average rating of "Moderate Buy" and a consensus price target of $21.55.

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.