Energy Transfer LP (NYSE:ET) is Aurora Private Wealth Inc.’s 8th Largest Position

Aurora Private Wealth Inc. lifted its holdings in Energy Transfer LP (NYSE:ET) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,454 shares of the pipeline company’s stock after acquiring an additional 1,665 shares during the quarter. Energy Transfer accounts for 2.6% of Aurora Private Wealth Inc.’s holdings, making the stock its 8th biggest position. Aurora Private Wealth Inc.’s holdings in Energy Transfer were worth $3,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in Energy Transfer during the second quarter valued at $290,000. Sei Investments Co. grew its position in Energy Transfer by 77.4% during the second quarter. Sei Investments Co. now owns 46,063 shares of the pipeline company’s stock valued at $747,000 after buying an additional 20,093 shares during the period. Bank of Montreal Can grew its position in Energy Transfer by 4.1% during the second quarter. Bank of Montreal Can now owns 98,342 shares of the pipeline company’s stock valued at $1,598,000 after buying an additional 3,887 shares during the period. Oliver Lagore Vanvalin Investment Group grew its position in Energy Transfer by 53.6% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 9,221 shares of the pipeline company’s stock valued at $150,000 after buying an additional 3,219 shares during the period. Finally, Creative Planning grew its position in Energy Transfer by 5.7% during the second quarter. Creative Planning now owns 681,018 shares of the pipeline company’s stock valued at $11,046,000 after buying an additional 36,668 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Stock Performance

NYSE:ET opened at $20.93 on Monday. The company’s 50-day moving average price is $19.39 and its 200-day moving average price is $17.36. 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 company has a market cap of $71.68 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.55 and a beta of 1.70. Energy Transfer LP has a twelve month low of $13.79 and a twelve month high of $21.45.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays raised their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company lifted their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Bank of America initiated coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Energy Transfer presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.82.

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.