Energy Transfer LP Unit (NYSE:ET) Receives $19.63 Average PT from Analysts

Energy Transfer LP Unit (NYSE:ET) has received an average recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.63.

A number of brokerages have recently commented on ET. Zacks Investment Research cut shares of Energy Transfer LP Unit from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Citigroup upped their target price on shares of Energy Transfer LP Unit from $16.00 to $19.50 and gave the company a “buy” rating in a report on Wednesday, May 8th. TheStreet raised shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a report on Thursday, February 21st. ValuEngine cut shares of Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, February 21st.

Institutional investors have recently modified their holdings of the company. Focused Wealth Management Inc acquired a new position in shares of Energy Transfer LP Unit during the first quarter worth about $25,000. Assetmark Inc. acquired a new position in shares of Energy Transfer LP Unit during the first quarter worth about $25,000. Meridian Wealth Management LLC acquired a new position in shares of Energy Transfer LP Unit during the first quarter worth about $28,000. Golden State Wealth Management LLC acquired a new position in shares of Energy Transfer LP Unit during the first quarter worth about $28,000. Finally, CLS Investments LLC acquired a new position in shares of Energy Transfer LP Unit during the first quarter worth about $28,000. Institutional investors and hedge funds own 57.11% of the company’s stock.

Shares of ET opened at $14.24 on Monday. Energy Transfer LP Unit has a 1-year low of $11.68 and a 1-year high of $19.19. The firm has a market capitalization of $37.51 billion, a P/E ratio of 12.38 and a beta of 1.65. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.81.

Energy Transfer LP Unit (NYSE:ET) last announced its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Energy Transfer LP Unit had a net margin of 4.03% and a return on equity of 7.61%. The firm had revenue of $13.12 billion during the quarter, compared to analysts’ expectations of $14.39 billion. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that Energy Transfer LP Unit will post 1.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.305 per share. The ex-dividend date was Monday, May 6th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.57%. Energy Transfer LP Unit’s dividend payout ratio (DPR) is 106.09%.

About Energy Transfer LP Unit

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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Analyst Recommendations for Energy Transfer LP Unit (NYSE:ET)

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