Energy Transfer (NYSE:ET) Stock Price Down 2.3% - Time to Sell?

Shares of Energy Transfer LP (NYSE:ET - Get Free Report) traded down 2.3% on Monday . The stock traded as low as $18.63 and last traded at $18.95. 9,789,405 shares were traded during trading, a decline of 41% from the average session volume of 16,560,041 shares. The stock had previously closed at $19.39.

Analyst Ratings Changes

Several research firms have recently commented on ET. Royal Bank of Canada upped their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Citigroup upped their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. The Goldman Sachs Group upped their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus upped their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.55.

Energy Transfer Stock Up 2.0 %

The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The company has a market capitalization of $66.27 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 0.64 and a beta of 1.69. The stock's fifty day simple moving average is $19.92 and its two-hundred day simple moving average is $18.01.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly 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, sell-side analysts anticipate 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. Shareholders of record on Friday, February 7th were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.73%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio is presently 101.56%.

Institutional Investors Weigh In On Energy Transfer

Institutional investors and hedge funds have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. purchased a new stake in Energy Transfer during the fourth quarter valued at about $25,000. Princeton Global Asset Management LLC lifted its stake in Energy Transfer by 65.0% during the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock valued at $26,000 after buying an additional 650 shares in the last quarter. Capital A Wealth Management LLC purchased a new stake in Energy Transfer during the fourth quarter valued at about $26,000. Assetmark Inc. lifted its stake in Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after buying an additional 1,668 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Energy Transfer during the fourth quarter valued at about $29,000. 38.22% of the stock is owned by institutional investors and hedge funds.

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.