21,586 Shares in Energy Transfer LP (NYSE:ET) Acquired by Northwest Wealth Management LLC

Northwest Wealth Management LLC acquired a new position in shares of Energy Transfer LP (NYSE:ET) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,586 shares of the pipeline company’s stock, valued at approximately $423,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Energy Transfer in the 4th quarter worth approximately $29,000. Assetmark Inc. grew its stake in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,668 shares during the period. United Community Bank purchased a new stake in Energy Transfer in the 4th quarter worth approximately $35,000. Financial Life Planners purchased a new stake in Energy Transfer in the 4th quarter worth approximately $37,000. Finally, Tortoise Investment Management LLC grew its stake in Energy Transfer by 111.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 1,000 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays boosted their price objective 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. Wells Fargo & Company boosted their price objective 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 objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Stifel Nicolaus boosted their price objective 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. Finally, Citigroup boosted their price objective on shares of Energy Transfer from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Energy Transfer currently has an average rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Stock Performance

Shares of ET stock opened at $18.19 on Friday. Energy Transfer LP has a 12 month low of $14.90 and a 12 month high of $21.45. 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 has a market capitalization of $62.40 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.64 and a beta of 1.72. The company’s fifty day moving average price is $19.67 and its two-hundred day moving average price is $18.14.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data 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, research analysts anticipate 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. Stockholders of record on Friday, February 7th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is 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.