Energy Transfer (NYSE:ET) Issues Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Energy Transfer (NYSE:ET - Get Free Report) issued its quarterly earnings results on Tuesday. The pipeline company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06), Zacks reports. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%.

Energy Transfer Price Performance

ET traded up $0.16 during trading on Friday, reaching $19.98. 10,422,402 shares of the company were exchanged, compared to its average volume of 17,100,641. The company's 50-day moving average is $19.76 and its two-hundred day moving average is $17.74. The company has a market cap of $68.42 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 0.52 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. Energy Transfer has a 12-month low of $14.09 and a 12-month high of $21.45.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be given a $0.325 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.51%. Energy Transfer's payout ratio is 94.85%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ET shares. Barclays increased their price target on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. The Goldman Sachs Group boosted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Energy Transfer has an average rating of "Moderate Buy" and an average price target of $21.18.

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.