Energy Transfer (NYSE:ET - Get Free Report) is expected to announce its Q4 2024 earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $21.41 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. On average, analysts expect Energy Transfer to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Energy Transfer Trading Down 0.6 %
Energy Transfer stock traded down $0.11 during mid-day trading on Wednesday, hitting $19.70. The stock had a trading volume of 15,923,696 shares, compared to its average volume of 17,498,684. The stock has a 50-day simple moving average of $19.73 and a two-hundred day simple moving average of $17.71. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $67.45 billion, a PE ratio of 14.49, a P/E/G ratio of 0.52 and a beta of 1.69. Energy Transfer has a 12 month low of $13.95 and a 12 month high of $21.45.
Energy Transfer Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 94.85%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company increased their target price on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, Bank of America initiated coverage on Energy Transfer in a report on Thursday, October 17th. They set a "buy" rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.18.
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Energy Transfer Company Profile
(
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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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