Next Level Wealth Planning LLC Buys Shares of 15,287 Energy Transfer LP (NYSE:ET)

Next Level Wealth Planning LLC acquired a new position in Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,287 shares of the pipeline company's stock, valued at approximately $299,000.

A number of other large investors also recently modified their holdings of ET. Empowered Funds LLC grew its position in Energy Transfer by 15.0% in the 3rd quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company's stock worth $5,567,000 after purchasing an additional 45,172 shares in the last quarter. Watts Gwilliam & Co. LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of Energy Transfer by 4.0% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock valued at $148,621,000 after acquiring an additional 293,088 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Energy Transfer by 30.9% during the third quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company's stock valued at $3,885,000 after acquiring an additional 57,184 shares during the last quarter. Finally, Paragon Capital Management Ltd lifted its holdings in Energy Transfer by 435.5% during the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock worth $1,346,000 after acquiring an additional 55,890 shares during the period. Institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Performance

ET stock traded down $0.17 during midday trading on Wednesday, reaching $20.14. 15,592,854 shares of the company's stock traded hands, compared to its average volume of 16,942,000. The firm has a market capitalization of $68.94 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.52 and a beta of 1.69. The company has a 50-day moving average price of $19.83 and a two-hundred day moving average price of $17.84. 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 1.40, a quick ratio of 0.88 and a current ratio of 1.08.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.66%. As a group, equities analysts anticipate that Energy Transfer LP will post 1.47 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be given a $0.325 dividend. 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 dividend yield of 6.46%. The ex-dividend date of this dividend is Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is 101.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ET shares. Barclays upped their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note 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. Stifel Nicolaus boosted their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.18.

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.