Resonant Capital Advisors LLC acquired a new stake in Energy Transfer LP Unit (NYSE:ET) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,197 shares of the pipeline company’s stock, valued at approximately $195,000.

Other large investors have also made changes to their positions in the company. Gagnon Securities LLC bought a new position in shares of Energy Transfer LP Unit during the 4th quarter worth $154,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Energy Transfer LP Unit by 2.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 857,987 shares of the pipeline company’s stock valued at $11,027,000 after purchasing an additional 23,754 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Energy Transfer LP Unit by 270.9% during the fourth quarter. Advisors Asset Management Inc. now owns 605,994 shares of the pipeline company’s stock worth $7,775,000 after purchasing an additional 442,603 shares during the period. Keebeck Wealth Management LLC bought a new position in Energy Transfer LP Unit during the fourth quarter worth about $997,000. Finally, B. Riley Wealth Management Inc. boosted its position in Energy Transfer LP Unit by 212.1% during the fourth quarter. B. Riley Wealth Management Inc. now owns 34,505 shares of the pipeline company’s stock worth $443,000 after purchasing an additional 23,449 shares during the period. Hedge funds and other institutional investors own 52.41% of the company’s stock.

In related news, CFO Thomas E. Long acquired 9,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $5.29 per share, with a total value of $47,610.00. Also, insider Marshall S. Mccrea III bought 24,100 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $8.04 per share, with a total value of $193,764.00. Following the completion of the transaction, the insider now directly owns 3,714,990 shares of the company’s stock, valued at approximately $29,868,519.60. The disclosure for this purchase can be found here. Insiders acquired a total of 6,194,000 shares of company stock worth $58,313,277 over the last 90 days. Corporate insiders own 3.28% of the company’s stock.

NYSE:ET traded up $0.16 during trading hours on Thursday, hitting $5.08. The stock had a trading volume of 53,816,998 shares, compared to its average volume of 30,275,709. The company has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $12.06. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 3.74 and a beta of 1.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.02 and a quick ratio of 0.77. Energy Transfer LP Unit has a one year low of $3.75 and a one year high of $15.86.

Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings data on Wednesday, February 19th. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. Energy Transfer LP Unit had a return on equity of 11.85% and a net margin of 6.62%. The company had revenue of $13.72 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Energy Transfer LP Unit will post 1.3 earnings per share for the current year.

Several analysts have recently issued reports on the stock. Barclays lowered shares of Energy Transfer LP Unit from an “overweight” rating to an “equal weight” rating and set a $7.00 price target on the stock. in a research report on Tuesday. Robert W. Baird lowered shares of Energy Transfer LP Unit from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $9.00 in a research note on Monday, March 9th. Morgan Stanley cut shares of Energy Transfer LP Unit from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $18.00 to $6.00 in a report on Monday, March 16th. Credit Suisse Group restated a “buy” rating and set a $16.00 target price on shares of Energy Transfer LP Unit in a research report on Monday, March 9th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Energy Transfer LP Unit in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Energy Transfer LP Unit presently has an average rating of “Buy” and an average price target of $15.17.

Energy Transfer LP Unit Company 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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