ENERGY TRANSFER/UT LTD PARTN INT (ET) Shares Gap Down to $14.68

ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET)’s share price gapped down before the market opened on Friday . The stock had previously closed at $14.98, but opened at $14.68. ENERGY TRANSFER/UT LTD PARTN INT shares last traded at $14.23, with a volume of 4962793 shares.

ET has been the topic of a number of recent research reports. Raymond James restated a “buy” rating and set a $20.00 price objective on shares of ENERGY TRANSFER/UT LTD PARTN INT in a research note on Thursday, November 1st. ValuEngine lowered ENERGY TRANSFER/UT LTD PARTN INT from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st.

The company has a quick ratio of 0.53, a current ratio of 0.74 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $17.00 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.31 and a beta of 1.90.

ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) last posted its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.27). ENERGY TRANSFER/UT LTD PARTN INT had a return on equity of 5.68% and a net margin of 2.58%. The company had revenue of $14.51 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter last year, the business earned $0.22 EPS. ENERGY TRANSFER/UT LTD PARTN INT’s revenue was up 45.4% on a year-over-year basis. As a group, equities analysts forecast that ENERGY TRANSFER/UT LTD PARTN INT will post 1.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Thursday, November 8th were paid a dividend of $0.305 per share. The ex-dividend date was Wednesday, November 7th. This represents a $1.22 dividend on an annualized basis and a yield of 8.57%. ENERGY TRANSFER/UT LTD PARTN INT’s dividend payout ratio (DPR) is presently 100.83%.

In other ENERGY TRANSFER/UT LTD PARTN INT news, Director Richard D. Brannon purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were bought at an average price of $17.68 per share, for a total transaction of $1,768,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Brannon purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average price of $17.53 per share, for a total transaction of $438,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 3,441,000 shares of company stock worth $53,229,050. Corporate insiders own 3.28% of the company’s stock.

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ENERGY TRANSFER/UT LTD PARTN INT Company Profile (NYSE:ET)

Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

Further Reading: How To Calculate Debt-to-Equity Ratio

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