Energy Transfer (NYSE:ET) Stock Price Up 2.1% - What's Next?

Energy Transfer LP (NYSE:ET - Get Free Report) traded up 2.1% on Tuesday . The company traded as high as $17.37 and last traded at $17.17. 4,281,804 shares were traded during mid-day trading, a decline of 72% from the average session volume of 15,225,568 shares. The stock had previously closed at $16.82.

Wall Street Analyst Weigh In

Several analysts have commented on ET shares. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a report on Tuesday, March 25th. Barclays upped 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. Morgan Stanley lifted their target price on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Finally, UBS Group restated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. One investment 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.09.

Energy Transfer Stock Up 1.9 %

The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The company's 50 day moving average is $18.24 and its two-hundred day moving average is $18.44. The company has a market capitalization of $59.14 billion, a PE ratio of 13.46, a PEG ratio of 0.64 and a beta of 1.32.

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

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a dividend of $0.325 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a yield of 7.54%. Energy Transfer's payout ratio is 101.56%.

Institutional Trading of Energy Transfer

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

Energy Transfer Company Profile

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.