Kelleher Financial Advisors Buys 1,019 Shares of Energy Transfer LP (NYSE:ET)

Kelleher Financial Advisors increased its stake in Energy Transfer LP (NYSE:ET) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,019 shares of the pipeline company’s stock after purchasing an additional 1,019 shares during the quarter. Energy Transfer makes up approximately 0.6% of Kelleher Financial Advisors’ investment portfolio, making the stock its 25th biggest position. Kelleher Financial Advisors’ holdings in Energy Transfer were worth $1,587,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ET. Magnus Financial Group LLC increased its holdings in shares of Energy Transfer by 9.9% in the fourth quarter. Magnus Financial Group LLC now owns 23,575 shares of the pipeline company’s stock worth $462,000 after purchasing an additional 2,120 shares during the last quarter. Daymark Wealth Partners LLC grew its position in Energy Transfer by 0.3% in the fourth quarter. Daymark Wealth Partners LLC now owns 160,678 shares of the pipeline company’s stock worth $3,148,000 after acquiring an additional 547 shares in the last quarter. XML Financial LLC grew its position in Energy Transfer by 22.3% in the fourth quarter. XML Financial LLC now owns 46,033 shares of the pipeline company’s stock worth $902,000 after acquiring an additional 8,386 shares in the last quarter. Enclave Advisors LLC grew its position in Energy Transfer by 1.7% in the fourth quarter. Enclave Advisors LLC now owns 293,324 shares of the pipeline company’s stock worth $5,746,000 after acquiring an additional 4,903 shares in the last quarter. Finally, Chesley Taft & Associates LLC grew its position in Energy Transfer by 28.5% in the fourth quarter. Chesley Taft & Associates LLC now owns 67,586 shares of the pipeline company’s stock worth $1,324,000 after acquiring an additional 15,000 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Price Performance

NYSE:ET opened at $20.94 on Thursday. The firm’s fifty day moving average is $19.16 and its two-hundred day moving average is $17.26. 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 LP has a one year low of $13.79 and a one year high of $21.45. The firm has a market cap of $71.68 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.53 and a beta of 1.70.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that Energy Transfer LP will post 1.37 EPS for the current year.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s payout ratio is currently 94.85%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ET shares. Royal Bank of Canada boosted their target price on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Wells Fargo & Company boosted their price objective 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. Barclays boosted their price objective on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Bank of America started coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They issued a “buy” rating and a $20.00 price objective for the company. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.82.

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.