SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Purchases New Shares in Energy Transfer LP $ET

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Energy Transfer LP (NYSE:ET) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,500 shares of the pipeline company’s stock, valued at approximately $271,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Energy Transfer by 93.4% in the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock valued at $481,000 after buying an additional 11,844 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Energy Transfer by 20.0% during the 1st quarter. Bank of New York Mellon Corp now owns 134,509 shares of the pipeline company’s stock worth $2,501,000 after acquiring an additional 22,457 shares during the period. Csenge Advisory Group acquired a new position in Energy Transfer in the 1st quarter valued at $226,000. PFG Advisors lifted its position in shares of Energy Transfer by 1.4% during the 1st quarter. PFG Advisors now owns 59,013 shares of the pipeline company’s stock valued at $1,097,000 after acquiring an additional 840 shares during the period. Finally, Quadrant Private Wealth Management LLC bought a new stake in shares of Energy Transfer during the 1st quarter valued at $223,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Down 0.1%

NYSE ET opened at $16.96 on Thursday. The company has a market cap of $58.22 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. Energy Transfer LP has a twelve month low of $14.60 and a twelve month high of $21.45. The company has a quick ratio of 0.92, a current ratio of 1.15 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average is $16.93 and its 200 day moving average is $17.40.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The firm had revenue of $19.95 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the previous year, the company earned $0.32 EPS. Energy Transfer’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Friday, November 7th were given a dividend of $0.3325 per share. The ex-dividend date was Friday, November 7th. This represents a $1.33 annualized dividend and a yield of 7.8%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is 106.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ET shares. Scotiabank decreased their price target on Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. Jefferies Financial Group set a $17.00 price objective on shares of Energy Transfer and gave the stock a “hold” rating in a research note on Tuesday, October 28th. Barclays restated an “overweight” rating and issued a $25.00 target price on shares of Energy Transfer in a research report on Wednesday, October 15th. Wells Fargo & Company restated an “overweight” rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, August 12th. Finally, UBS Group reiterated a “buy” rating and issued a $22.00 price target on shares of Energy Transfer in a research note on Wednesday, October 15th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.08.

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.