Energy Transfer LP (NYSE:ET - Get Free Report)'s share price dropped 1% during trading on Thursday . The stock traded as low as $17.36 and last traded at $18.01. Approximately 10,977,815 shares traded hands during trading, a decline of 36% from the average daily volume of 17,185,857 shares. The stock had previously closed at $18.20.
Analyst Ratings Changes
ET has been the topic of several research analyst reports. Stifel Nicolaus upped their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Barclays increased their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Finally, Wells Fargo & Company increased their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.55.
Get Our Latest Analysis on ET
Energy Transfer Stock Down 1.2 %
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 stock has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $18.12. The company has a market cap of $59.97 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.
Energy Transfer (NYSE:ET - Get Free Report) last posted its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. On average, research analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.44%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is presently 101.56%.
Institutional Trading of Energy Transfer
A number of institutional investors and hedge funds have recently modified their holdings of the business. Alpha Wealth Funds LLC purchased a new stake in shares of Energy Transfer during the fourth quarter valued at approximately $2,143,000. Jefferies Financial Group Inc. increased its position in shares of Energy Transfer by 125.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 469,227 shares of the pipeline company's stock valued at $9,192,000 after acquiring an additional 260,700 shares during the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of Energy Transfer by 27.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 4,957 shares of the pipeline company's stock valued at $97,000 after acquiring an additional 1,073 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in Energy Transfer in the fourth quarter worth $26,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Energy Transfer in the fourth quarter worth $244,000. 38.22% of the stock is owned by hedge funds and other institutional investors.
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.
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