14,109 Shares in Energy Transfer LP (NYSE:ET) Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new position in Energy Transfer LP (NYSE:ET - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,109 shares of the pipeline company's stock, valued at approximately $276,000.

Several other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Energy Transfer by 173.1% in the third quarter. Blue Trust Inc. now owns 11,783 shares of the pipeline company's stock valued at $191,000 after acquiring an additional 7,468 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Energy Transfer by 37.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,192 shares of the pipeline company's stock valued at $757,000 after buying an additional 12,787 shares during the last quarter. Signaturefd LLC grew its stake in shares of Energy Transfer by 12.6% during the third quarter. Signaturefd LLC now owns 27,419 shares of the pipeline company's stock valued at $440,000 after buying an additional 3,075 shares during the last quarter. Eastern Bank bought a new position in Energy Transfer in the third quarter worth approximately $109,000. Finally, Tempus Wealth Planning LLC grew its stake in Energy Transfer by 13.7% in the third quarter. Tempus Wealth Planning LLC now owns 13,342 shares of the pipeline company's stock worth $214,000 after purchasing an additional 1,612 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Wall Street Analysts Forecast Growth

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

Energy Transfer Trading Down 2.7 %

Shares of ET stock traded down $0.55 during trading on Friday, hitting $19.40. 15,630,769 shares of the stock traded hands, compared to its average volume of 16,812,701. The firm has a market capitalization of $66.55 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm's fifty day moving average price is $19.86 and its 200-day moving average price is $17.87. Energy Transfer LP has a 52-week low of $14.52 and a 52-week high of $21.45.

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

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 6.70%. Energy Transfer's payout ratio is presently 101.56%.

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.