Energy Transfer (NYSE:ET) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Energy Transfer (NYSE:ET - Get Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.04), Briefing.com reports. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $21.63 billion for the quarter, compared to analysts' expectations of $20.91 billion. During the same period in the prior year, the company posted $0.32 earnings per share. Energy Transfer's quarterly revenue was up 13.9% compared to the same quarter last year.

Energy Transfer Stock Performance

ET stock traded down $0.02 during midday trading on Thursday, hitting $16.23. 20,682,557 shares of the company traded hands, compared to its average volume of 12,321,025. Energy Transfer has a twelve month low of $12.21 and a twelve month high of $16.40. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The business has a 50 day simple moving average of $15.55 and a 200-day simple moving average of $14.44. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 14.89 and a beta of 1.63.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.317 per share. This represents a $1.27 annualized dividend and a yield of 7.81%. The ex-dividend date is Friday, May 10th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is 116.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ET shares. Mizuho reiterated a "buy" rating and issued a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. UBS Group dropped their target price on Energy Transfer from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, February 15th. Citigroup upped their target price on Energy Transfer from $17.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus increased their price objective on Energy Transfer from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.14.

About Energy Transfer

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.