Energy Transfer LP (NYSE:ET) Receives $21.50 Average Price Target from Analysts

Energy Transfer LP (NYSE:ETGet Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.50.

ET has been the topic of several research reports. Barclays reiterated an “overweight” rating and issued a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. Morgan Stanley dropped their target price on shares of Energy Transfer from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Royal Bank Of Canada upgraded Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Finally, Scotiabank restated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th.

Check Out Our Latest Research Report on ET

Insider Buying and Selling at Energy Transfer

In other news, Director Kelcy L. Warren purchased 1,000,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the acquisition, the director directly owned 104,577,803 shares of the company’s stock, valued at $1,772,593,760.85. The trade was a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Transfer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CNB Bank boosted its position in shares of Energy Transfer by 111.1% in the second quarter. CNB Bank now owns 1,900 shares of the pipeline company’s stock worth $34,000 after buying an additional 1,000 shares during the period. Financial Life Planners acquired a new stake in Energy Transfer during the 3rd quarter worth about $34,000. HHM Wealth Advisors LLC grew its stake in Energy Transfer by 54.4% during the 2nd quarter. HHM Wealth Advisors LLC now owns 2,270 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 800 shares in the last quarter. Core Alternative Capital acquired a new position in shares of Energy Transfer in the 3rd quarter valued at about $46,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of Energy Transfer by 196.4% in the fourth quarter. Global Wealth Strategies & Associates now owns 2,964 shares of the pipeline company’s stock worth $49,000 after purchasing an additional 1,964 shares in the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Stock Performance

ET opened at $18.42 on Wednesday. The business has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $17.09. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14. The company has a market capitalization of $63.24 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.95 and a beta of 0.66. Energy Transfer has a 1-year low of $14.60 and a 1-year high of $21.07.

Energy Transfer (NYSE:ETGet Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.The firm had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts predict that Energy Transfer will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.335 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, February 6th. Energy Transfer’s payout ratio is currently 106.40%.

Energy Transfer News Roundup

Here are the key news stories impacting Energy Transfer this week:

About Energy Transfer

(Get Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

See Also

Analyst Recommendations for Energy Transfer (NYSE:ET)

Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter.