LMG Wealth Partners LLC Invests $1.17 Million in Energy Transfer LP (NYSE:ET)

LMG Wealth Partners LLC bought a new position in Energy Transfer LP (NYSE:ET - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,878 shares of the pipeline company's stock, valued at approximately $1,173,000.

Several other institutional investors have also added to or reduced their stakes in ET. FMR LLC increased its position in shares of Energy Transfer by 44.0% in the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company's stock valued at $535,738,000 after acquiring an additional 10,195,768 shares during the period. International Assets Investment Management LLC increased its holdings in Energy Transfer by 1,491.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company's stock valued at $67,020,000 after purchasing an additional 3,913,266 shares during the period. BNP Paribas Financial Markets raised its position in Energy Transfer by 36.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company's stock valued at $185,594,000 after purchasing an additional 3,106,631 shares during the last quarter. Citigroup Inc. lifted its holdings in Energy Transfer by 45.9% in the 3rd quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company's stock worth $153,787,000 after buying an additional 3,013,973 shares during the period. Finally, Pathway Financial Advisers LLC grew its position in shares of Energy Transfer by 1,837.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,338,885 shares of the pipeline company's stock worth $21,489,000 after buying an additional 1,269,778 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ET. Wells Fargo & Company raised their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Stifel Nicolaus raised their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Barclays boosted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. The Goldman Sachs Group raised their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada upped their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Energy Transfer presently has an average rating of "Moderate Buy" and a consensus price target of $21.18.

Energy Transfer Stock Down 2.6 %

Shares of Energy Transfer stock traded down $0.52 during midday trading on Friday, hitting $19.43. The company had a trading volume of 12,332,868 shares, compared to its average volume of 16,700,191. Energy Transfer LP has a 52-week low of $14.52 and a 52-week high of $21.45. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The stock has a market capitalization of $66.65 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.64 and a beta of 1.69. The company has a 50 day moving average of $19.86 and a 200 day moving average of $17.87.

Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts' consensus estimates 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, equities analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid 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 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

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.