US Capital Advisors Research Analysts Raise Earnings Estimates for Energy Transfer LP (NYSE:ET)

Energy Transfer LP (NYSE:ET - Free Report) - Analysts at US Capital Advisors increased their Q4 2023 EPS estimates for shares of Energy Transfer in a report released on Monday, January 29th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.25 per share for the quarter, up from their prior estimate of $0.24. The consensus estimate for Energy Transfer's current full-year earnings is $1.21 per share. US Capital Advisors also issued estimates for Energy Transfer's Q1 2024 earnings at $0.34 EPS, Q2 2024 earnings at $0.28 EPS, Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.39 EPS, FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.56 EPS.

ET has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Energy Transfer from $17.00 to $18.00 in a research note on Tuesday, October 10th. The Goldman Sachs Group started coverage on shares of Energy Transfer in a research note on Thursday, October 5th. They issued a "neutral" rating and a $14.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Energy Transfer has an average rating of "Buy" and an average price target of $16.57.

Energy Transfer Stock Performance

Shares of ET opened at $14.29 on Thursday. The firm's 50 day moving average is $13.84 and its 200-day moving average is $13.56. The stock has a market capitalization of $44.94 billion, a P/E ratio of 13.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.85. Energy Transfer has a 12-month low of $11.45 and a 12-month high of $14.65.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $20.74 billion for the quarter, compared to analysts' expectations of $21.68 billion. Energy Transfer had a net margin of 4.66% and a return on equity of 11.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. lifted its stake in Energy Transfer by 37.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 51,757 shares of the pipeline company's stock valued at $714,000 after acquiring an additional 14,182 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth $141,000. HTLF Bank acquired a new position in shares of Energy Transfer during the 4th quarter worth $244,000. Western Wealth Management LLC increased its stake in shares of Energy Transfer by 11.4% during the 4th quarter. Western Wealth Management LLC now owns 67,236 shares of the pipeline company's stock worth $928,000 after purchasing an additional 6,893 shares during the last quarter. Finally, Gray Wealth Management Inc. increased its stake in shares of Energy Transfer by 14.1% during the 4th quarter. Gray Wealth Management Inc. now owns 20,925 shares of the pipeline company's stock worth $289,000 after purchasing an additional 2,581 shares during the last quarter. 33.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Energy Transfer

In related news, Chairman Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $13.53 per share, with a total value of $13,530,000.00. Following the completion of the transaction, the chairman now owns 65,578,477 shares of the company's stock, valued at approximately $887,276,793.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Thomas P. Mason acquired 7,500 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $13.33 per share, with a total value of $99,975.00. Following the completion of the transaction, the executive vice president now owns 1,707,720 shares of the company's stock, valued at approximately $22,763,907.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $13.53 per share, for a total transaction of $13,530,000.00. Following the completion of the transaction, the chairman now directly owns 65,578,477 shares of the company's stock, valued at approximately $887,276,793.81. The disclosure for this purchase can be found here. 3.28% of the stock is currently owned by insiders.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th will be given a $0.315 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend is Tuesday, February 6th. Energy Transfer's dividend payout ratio (DPR) is 117.92%.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 miles of interstate natural gas pipeline.

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