Holistic Financial Partners Invests $459,000 in Energy Transfer LP Unit (ET)

Holistic Financial Partners purchased a new stake in shares of Energy Transfer LP Unit (NYSE:ET) during the first quarter, HoldingsChannel.com reports. The fund purchased 29,849 shares of the pipeline company’s stock, valued at approximately $459,000.

Several other institutional investors have also added to or reduced their stakes in the company. Focused Wealth Management Inc acquired a new stake in Energy Transfer LP Unit in the 1st quarter worth $25,000. Shamrock Asset Management LLC acquired a new stake in shares of Energy Transfer LP Unit during the 1st quarter valued at about $36,000. First Interstate Bank acquired a new stake in shares of Energy Transfer LP Unit during the 1st quarter valued at about $44,000. Parallel Advisors LLC acquired a new stake in shares of Energy Transfer LP Unit during the 1st quarter valued at about $44,000. Finally, Delta Asset Management LLC TN acquired a new stake in shares of Energy Transfer LP Unit during the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 56.50% of the company’s stock.

Shares of ET stock traded up $0.06 on Thursday, hitting $15.00. The company’s stock had a trading volume of 55,505 shares, compared to its average volume of 10,471,999. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.54 and a current ratio of 1.06. Energy Transfer LP Unit has a fifty-two week low of $11.68 and a fifty-two week high of $19.19. The company has a market capitalization of $38.83 billion, a PE ratio of 13.05 and a beta of 1.71.

Energy Transfer LP Unit (NYSE:ET) last released its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Energy Transfer LP Unit had a net margin of 4.03% and a return on equity of 7.61%. The business had revenue of $13.12 billion for the quarter, compared to the consensus estimate of $14.39 billion. Energy Transfer LP Unit’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Energy Transfer LP Unit will post 1.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, May 7th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.22 annualized dividend and a dividend yield of 8.13%. Energy Transfer LP Unit’s dividend payout ratio (DPR) is presently 106.09%.

Several brokerages have recently weighed in on ET. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 target price on shares of Energy Transfer LP Unit in a research report on Thursday, February 21st. Zacks Investment Research upgraded shares of Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday. ValuEngine lowered shares of Energy Transfer LP Unit from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 22nd. TheStreet upgraded shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. Finally, Citigroup boosted their price target on shares of Energy Transfer LP Unit from $16.00 to $19.50 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Energy Transfer LP Unit currently has a consensus rating of “Buy” and an average target price of $19.25.

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Energy Transfer LP Unit Profile

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

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