Energy Transfer (NYSE:ET) Trading Up 0.4%

Shares of Energy Transfer LP (NYSE:ET - Get Free Report) rose 0.4% during mid-day trading on Friday . The stock traded as high as $15.87 and last traded at $15.74. Approximately 2,399,505 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 12,151,020 shares. The stock had previously closed at $15.68.

Wall Street Analyst Weigh In

ET has been the topic of several research analyst reports. Citigroup boosted their price objective on Energy Transfer from $17.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. UBS Group lowered their target price on Energy Transfer from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.57.

Energy Transfer Trading Down 1.7 %

The company has a 50-day moving average price of $15.06 and a 200-day moving average price of $14.19. The firm has a market capitalization of $51.96 billion, a price-to-earnings ratio of 14.15 and a beta of 1.64. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The business had revenue of $20.53 billion during the quarter, compared to analysts' expectations of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. As a group, research analysts forecast that Energy Transfer LP will post 1.44 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.315 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend was Tuesday, February 6th. Energy Transfer's dividend payout ratio is currently 115.60%.

Institutional Trading of Energy Transfer

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwest Financial Advisors purchased a new stake in shares of Energy Transfer in the 4th quarter valued at about $25,000. Rise Advisors LLC raised its stake in Energy Transfer by 88.2% during the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company's stock valued at $27,000 after acquiring an additional 927 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Energy Transfer during the 1st quarter valued at approximately $25,000. Tsfg LLC raised its stake in Energy Transfer by 86.8% during the 3rd quarter. Tsfg LLC now owns 2,152 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Finally, IMA Wealth Inc. raised its stake in Energy Transfer by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 1,200 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

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.