Baldwin Wealth Partners LLC MA Has $5.61 Million Position in Energy Transfer LP (NYSE:ET)

Baldwin Wealth Partners LLC MA increased its holdings in shares of Energy Transfer LP (NYSE:ET) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 286,579 shares of the pipeline company’s stock after acquiring an additional 1,650 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Energy Transfer were worth $5,614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ET. Princeton Global Asset Management LLC raised its stake in Energy Transfer by 65.0% during the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 650 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 1,668 shares in the last quarter. GAMMA Investing LLC bought a new position in Energy Transfer in the fourth quarter valued at about $29,000. HWG Holdings LP acquired a new stake in shares of Energy Transfer during the 2nd quarter worth approximately $33,000. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of Energy Transfer by 43.6% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company’s stock valued at $40,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ET has been the subject of several recent analyst reports. Bank of America began coverage on Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 price target for the company. Wells Fargo & Company upped their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays lifted 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, The Goldman Sachs Group lifted their price objective 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. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.82.

Energy Transfer Price Performance

ET opened at $20.37 on Monday. 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 52-week low of $13.79 and a 52-week high of $21.45. The stock has a market capitalization of $69.75 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.55 and a beta of 1.70. The company’s 50-day simple moving average is $19.39 and its two-hundred day simple moving average is $17.36.

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

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.