Kingswood Wealth Advisors LLC Has $1.94 Million Stake in Energy Transfer LP (NYSE:ET)

Kingswood Wealth Advisors LLC lifted its position in shares of Energy Transfer LP (NYSE:ET) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,977 shares of the pipeline company’s stock after buying an additional 5,225 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Energy Transfer were worth $1,939,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PFG Investments LLC raised its holdings in Energy Transfer by 16.3% during the fourth quarter. PFG Investments LLC now owns 245,688 shares of the pipeline company’s stock worth $4,813,000 after acquiring an additional 34,367 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Energy Transfer by 12.5% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 34,004 shares of the pipeline company’s stock worth $666,000 after purchasing an additional 3,775 shares in the last quarter. Stablepoint Partners LLC boosted its holdings in shares of Energy Transfer by 4.9% in the 4th quarter. Stablepoint Partners LLC now owns 76,244 shares of the pipeline company’s stock valued at $1,494,000 after buying an additional 3,570 shares during the last quarter. Rockwood Wealth Management LLC grew its stake in shares of Energy Transfer by 2.7% in the fourth quarter. Rockwood Wealth Management LLC now owns 131,692 shares of the pipeline company’s stock valued at $2,577,000 after buying an additional 3,419 shares in the last quarter. Finally, Crescent Grove Advisors LLC increased its holdings in Energy Transfer by 1.7% during the fourth quarter. Crescent Grove Advisors LLC now owns 368,041 shares of the pipeline company’s stock worth $7,210,000 after buying an additional 6,279 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ET shares. Bank of America began coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their target price on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada upped their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.82.

Energy Transfer Stock Down 5.9 %

Shares of ET opened at $19.80 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $67.80 billion, a PE ratio of 14.56, a P/E/G ratio of 0.55 and a beta of 1.70. The firm’s 50 day moving average is $19.39 and its 200-day moving average is $17.36. Energy Transfer LP has a 12 month low of $13.79 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. Equities research analysts forecast that Energy Transfer LP will post 1.37 EPS for the current year.

About Energy Transfer

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.