Energy Transfer (NYSE:ET) Trading Up 0.9%

Energy Transfer LP (NYSE:ETGet Free Report) traded up 0.9% during trading on Wednesday . The stock traded as high as $15.98 and last traded at $15.92. 2,594,958 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 12,389,955 shares. The stock had previously closed at $15.78.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group cut their price target on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Citigroup raised their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.57.

Read Our Latest Stock Analysis on ET

Energy Transfer Price Performance

The company has a market cap of $53.84 billion, a PE ratio of 14.58 and a beta of 1.64. The business’s 50 day moving average price is $14.83 and its 200-day moving average price is $14.09. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37.

Energy Transfer (NYSE:ETGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, analysts forecast that Energy Transfer LP will post 1.44 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.88%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently made changes to their positions in ET. Northwest Financial Advisors bought a new stake in shares of Energy Transfer in the fourth quarter worth $25,000. VitalStone Financial LLC boosted its holdings in Energy Transfer by 100.0% in the first quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Energy Transfer in the first quarter worth $25,000. Rise Advisors LLC boosted its holdings in Energy Transfer by 88.2% in the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 927 shares during the period. Finally, Tsfg LLC boosted its holdings in Energy Transfer by 86.8% in the third quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Company Profile

(Get Free Report)

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.

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