Energy Transfer LP (NYSE:ET) is ORG Wealth Partners LLC's 3rd Largest Position

ORG Wealth Partners LLC raised its stake in shares of Energy Transfer LP (NYSE:ET - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 408,712 shares of the pipeline company's stock after acquiring an additional 43,472 shares during the period. Energy Transfer makes up 2.5% of ORG Wealth Partners LLC's investment portfolio, making the stock its 3rd biggest holding. ORG Wealth Partners LLC's holdings in Energy Transfer were worth $7,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in Energy Transfer by 15.7% during the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock worth $756,840,000 after purchasing an additional 5,254,721 shares during the period. Kayne Anderson Capital Advisors LP increased its position in Energy Transfer by 7.7% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock worth $469,920,000 after purchasing an additional 1,723,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Energy Transfer by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock worth $387,416,000 after purchasing an additional 1,093,381 shares during the period. Westwood Holdings Group Inc. increased its position in Energy Transfer by 18.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock worth $319,929,000 after purchasing an additional 2,512,060 shares during the period. Finally, Natixis increased its position in Energy Transfer by 7.1% during the 4th quarter. Natixis now owns 14,619,124 shares of the pipeline company's stock worth $286,389,000 after purchasing an additional 962,800 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Stock Down 0.4%

Shares of NYSE:ET traded down $0.08 during midday trading on Friday, reaching $17.81. 15,895,570 shares of the company were exchanged, compared to its average volume of 15,680,861. The firm has a market cap of $61.10 billion, a PE ratio of 13.49, a P/E/G ratio of 0.58 and a beta of 0.78. Energy Transfer LP has a fifty-two week low of $14.60 and a fifty-two week high of $21.45. The stock has a fifty day simple moving average of $17.50 and a two-hundred day simple moving average of $18.54. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.41.

Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $21.02 billion during the quarter, compared to analysts' expectations of $22.28 billion. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. Energy Transfer's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were paid a dividend of $0.3275 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.36%. Energy Transfer's dividend payout ratio is currently 99.24%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ET shares. JPMorgan Chase & Co. dropped their target price on Energy Transfer from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. Morgan Stanley increased their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Mizuho increased their target price on Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company lowered their target price on Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.64.

Insider Transactions at Energy Transfer

In related news, Director James Richard Perry sold 1,369 shares of the company's 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 sale, the director now directly owns 24,523 shares in the company, valued at $453,185.04. This represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.28% of the company's stock.

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.