
Energy Transfer LP (NYSE:ET - Free Report) - US Capital Advisors lowered their FY2025 EPS estimates for shares of Energy Transfer in a research note issued on Monday, July 28th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $1.33 per share for the year, down from their prior estimate of $1.35. The consensus estimate for Energy Transfer's current full-year earnings is $1.46 per share.
Other research analysts also recently issued research reports about the stock. TD Cowen initiated coverage on shares of Energy Transfer in a report on Monday, July 7th. They issued a "buy" rating and a $22.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Wells Fargo & Company lowered their price target on shares of Energy Transfer from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, May 7th. Cowen initiated coverage on shares of Energy Transfer in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, Mizuho increased their price objective on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.58.
Check Out Our Latest Report on Energy Transfer
Energy Transfer Price Performance
Shares of ET traded down $0.10 during midday trading on Wednesday, hitting $18.06. 9,559,465 shares of the company traded hands, compared to its average volume of 11,463,664. The firm has a 50 day moving average of $17.79 and a 200-day moving average of $18.25. Energy Transfer has a 52 week low of $14.60 and a 52 week high of $21.45. The stock has a market cap of $61.98 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.94 and a beta of 0.79. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.92 and a current ratio of 1.12.
Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Energy Transfer had a net margin of 5.88% and a return on equity of 11.47%. The business had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business's revenue was down 2.8% on a year-over-year basis.
Energy Transfer Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.33 per share. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.32 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Friday, August 8th. Energy Transfer's payout ratio is presently 99.24%.
Insider Activity at Energy Transfer
In other news, Director James Richard Perry sold 1,369 shares of Energy Transfer stock in a transaction on Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the completion of the sale, the director directly owned 24,523 shares in the company, valued at approximately $453,185.04. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.28% of the company's stock.
Institutional Investors Weigh In On Energy Transfer
Several institutional investors and hedge funds have recently made changes to their positions in ET. Bank of Montreal Can increased its holdings in Energy Transfer by 12,090.8% in 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 buying an additional 12,353,441 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Energy Transfer during the second quarter worth about $168,917,000. Alps Advisors Inc. increased its stake in shares of Energy Transfer by 12.9% during the first 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 in the last quarter. FMR LLC increased its stake in shares of Energy Transfer by 15.7% during the fourth quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock worth $756,840,000 after purchasing an additional 5,254,721 shares in the last quarter. Finally, Commerce Bank purchased a new stake in shares of Energy Transfer during the first quarter worth about $92,607,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.
Energy Transfer Company Profile
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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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