Energy Transfer LP (NYSE:ET) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Energy Transfer LP (NYSE:ET - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.58.

ET has been the topic of several recent analyst reports. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Mizuho boosted their target price on Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. Cowen started coverage on Energy Transfer in a research note on Monday. They issued a "buy" rating on the stock. Finally, Morgan Stanley upped their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th.

Insider Activity

In related news, Director James Richard Perry sold 1,369 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $18.48, for a total transaction of $25,299.12. Following the sale, the director directly owned 24,523 shares in the company, valued at $453,185.04. This represents a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.28% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new position in shares of Energy Transfer in the 4th quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer in the 4th quarter valued at about $26,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Energy Transfer in the 4th quarter valued at about $29,000. Ryan Investment Management Inc. bought a new position in shares of Energy Transfer in the 2nd quarter valued at about $31,000. Finally, Vision Financial Markets LLC bought a new position in shares of Energy Transfer in the 1st quarter valued at about $33,000. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Stock Performance

Shares of NYSE:ET opened at $17.45 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.92 and a current ratio of 1.12. Energy Transfer has a one year low of $14.60 and a one year high of $21.45. The business's 50-day simple moving average is $17.75 and its 200 day simple moving average is $18.43. The company has a market cap of $59.88 billion, a P/E ratio of 13.22, a PEG ratio of 0.55 and a beta of 0.79.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Energy Transfer had a return on equity of 11.47% and a net margin of 5.88%. The business had revenue of $21.02 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Energy Transfer will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. The ex-dividend date was Friday, May 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.51%. Energy Transfer's dividend payout ratio is presently 99.24%.

About Energy Transfer

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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