Energy Transfer (NYSE:ET) Trading Up 0.4%

Energy Transfer LP (NYSE:ET)’s share price rose 0.4% on Monday . The stock traded as high as $15.54 and last traded at $15.48. Approximately 2,838,474 shares changed hands during trading, a decline of 77% from the average daily volume of 12,168,867 shares. The stock had previously closed at $15.42.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ET. UBS Group reduced their target price on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Citigroup upped their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.57.

Energy Transfer Trading Down 1.0 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50 day simple moving average is $15.10 and its 200-day simple moving average is $14.21. The stock has a market capitalization of $50.81 billion, a P/E ratio of 13.83 and a beta of 1.64.

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

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were paid a $0.315 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 8.36%. The ex-dividend date of this dividend was Tuesday, February 6th. Energy Transfer’s payout ratio is presently 115.60%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Northwest Financial Advisors bought a new stake in shares of Energy Transfer during the 4th quarter worth about $25,000. VitalStone Financial LLC raised its position in shares of Energy Transfer by 100.0% in the 1st quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,500 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Energy Transfer in the 1st quarter valued at approximately $25,000. Rise Advisors LLC increased its position in Energy Transfer by 88.2% during the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 927 shares in the last quarter. Finally, IMA Wealth Inc. increased its position in Energy Transfer by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 1,200 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Company Profile

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.