Northstar Advisory Group LLC Boosts Position in Energy Transfer LP $ET

Northstar Advisory Group LLC grew its holdings in shares of Energy Transfer LP (NYSE:ET) by 141.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,957 shares of the pipeline company’s stock after buying an additional 47,443 shares during the quarter. Northstar Advisory Group LLC’s holdings in Energy Transfer were worth $1,335,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Energy Transfer in the third quarter worth about $34,000. Core Alternative Capital purchased a new position in Energy Transfer in the 3rd quarter worth approximately $46,000. FSC Wealth Advisors LLC acquired a new stake in Energy Transfer in the second quarter valued at approximately $50,000. Clearstead Trust LLC acquired a new stake in Energy Transfer in the third quarter valued at approximately $50,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Energy Transfer by 38.9% during the third quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock valued at $50,000 after purchasing an additional 817 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $19.57 on Tuesday. The company has a market cap of $67.32 billion, a PE ratio of 16.17, a P/E/G ratio of 1.10 and a beta of 0.63. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $19.86. The firm has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $17.42. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last issued its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The business had revenue of $25.32 billion during the quarter, compared to the consensus estimate of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The business’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were given a dividend of $0.335 per share. The ex-dividend date was Friday, February 6th. This represents a $1.34 dividend on an annualized basis and a yield of 6.8%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is presently 110.74%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Truist Financial initiated coverage on shares of Energy Transfer in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Jefferies Financial Group reissued a “hold” rating on shares of Energy Transfer in a report on Wednesday, February 18th. Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Energy Transfer in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Energy Transfer has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Energy Transfer Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.