Energy Transfer LP (NYSE:ET - Get Free Report) shares traded up 1.7% during trading on Thursday . The company traded as high as $16.97 and last traded at $16.83. 5,238,755 shares traded hands during trading, a decline of 66% from the average session volume of 15,258,398 shares. The stock had previously closed at $16.54.
Wall Street Analyst Weigh In
ET has been the topic of several research analyst reports. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Morgan Stanley raised their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a research note on Tuesday, March 25th. Finally, Barclays increased their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.09.
Get Our Latest Stock Analysis on ET
Energy Transfer Trading Up 0.5 %
The company has a market cap of $57.03 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The company's 50 day moving average price is $17.69 and its 200 day moving average price is $18.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.
Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Research analysts anticipate that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 9th will be issued a $0.3275 dividend. This is a positive change from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 annualized dividend and a yield of 7.88%. The ex-dividend date is Friday, May 9th. Energy Transfer's payout ratio is 102.34%.
Hedge Funds Weigh In On Energy Transfer
A number of institutional investors have recently modified their holdings of ET. Bank of Montreal Can boosted its holdings in Energy Transfer by 12,090.8% during the fourth quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock valued at $244,005,000 after acquiring an additional 12,353,441 shares during the period. Alps Advisors Inc. lifted its position in shares of Energy Transfer by 12.9% during the 1st quarter. Alps Advisors Inc. now owns 75,353,994 shares of the pipeline company's stock worth $1,400,831,000 after purchasing an additional 8,613,645 shares during the last quarter. FMR LLC boosted its stake in Energy Transfer by 15.7% during the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after purchasing an additional 5,254,721 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Energy Transfer in the 4th quarter valued at approximately $79,113,000. Finally, Hsbc Holdings PLC bought a new position in Energy Transfer in the 4th quarter worth approximately $50,166,000. Institutional investors own 38.22% of the company's stock.
About Energy Transfer
(
Get Free Report)
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.
Further Reading
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