Aurora Private Wealth Inc. Purchases 176,024 Shares of Energy Transfer LP (NYSE:ET)

Aurora Private Wealth Inc. raised its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 99.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,478 shares of the pipeline company's stock after purchasing an additional 176,024 shares during the quarter. Aurora Private Wealth Inc.'s holdings in Energy Transfer were worth $6,553,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in Energy Transfer in the 4th quarter worth about $25,000. Capital A Wealth Management LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $26,000. Fourth Dimension Wealth LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at approximately $29,000. United Community Bank purchased a new stake in shares of Energy Transfer during the fourth quarter valued at approximately $35,000. Finally, Tortoise Investment Management LLC lifted its holdings in Energy Transfer by 111.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,900 shares of the pipeline company's stock worth $37,000 after acquiring an additional 1,000 shares during the period. 38.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ET has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price objective on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Mizuho boosted their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Wells Fargo & Company decreased their price target on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Finally, Citigroup reissued a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.64.

Insider Buying and Selling

In other Energy Transfer news, Director James Richard Perry sold 1,369 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the completion of the transaction, the director now owns 24,523 shares in the company, valued at $453,185.04. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.28% of the stock is owned by company insiders.

Energy Transfer Stock Performance

NYSE ET traded down $0.02 on Wednesday, reaching $17.67. 16,917,817 shares of the stock were exchanged, compared to its average volume of 15,699,168. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The firm has a market capitalization of $60.64 billion, a PE ratio of 13.39, a PEG ratio of 0.57 and a beta of 0.78. The company's 50-day simple moving average is $17.53 and its two-hundred day simple moving average is $18.52. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.41.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $21.02 billion during the quarter, compared to analyst estimates of $22.28 billion. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The company's revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. Analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 7.41%. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. Energy Transfer's payout ratio is 99.24%.

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.