Energy Transfer (NYSE:ET) Shares Down 0.1% - What's Next?

Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price traded down 0.1% during trading on Tuesday . The stock traded as low as $17.11 and last traded at $17.26. 3,266,458 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 15,216,597 shares. The stock had previously closed at $17.28.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ET. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Finally, Barclays lifted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.09.

Energy Transfer Stock Down 0.8 %

The company's 50-day simple moving average is $17.90 and its 200 day simple moving average is $18.51. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a market cap of $58.83 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. Research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3275 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a yield of 7.64%. Energy Transfer's payout ratio is 102.34%.

Hedge Funds Weigh In On Energy Transfer

Large investors have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new position in shares of Energy Transfer during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new position in Energy Transfer during the 4th quarter valued at $26,000. GAMMA Investing LLC bought a new position in Energy Transfer in the 4th quarter valued at $29,000. Fourth Dimension Wealth LLC purchased a new stake in Energy Transfer in the fourth quarter worth $29,000. Finally, United Community Bank purchased a new stake in shares of Energy Transfer during the fourth quarter valued at $35,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

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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