Energy Transfer (NYSE:ET) Trading Up 0.8%

Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price was up 0.8% during trading on Tuesday . The stock traded as high as $15.96 and last traded at $15.96. Approximately 3,833,361 shares traded hands during trading, a decline of 69% from the average daily volume of 12,369,467 shares. The stock had previously closed at $15.83.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ET shares. Mizuho reiterated a "buy" rating and set a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. UBS Group cut their price objective 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. Finally, Citigroup boosted their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Energy Transfer Stock Up 0.3 %

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 moving average price of $15.27 and a 200-day moving average price of $14.29. The firm has a market capitalization of $53.47 billion, a PE ratio of 14.56 and a beta of 1.64.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. Equities research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 7.94%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, February 6th. Energy Transfer's dividend payout ratio is presently 115.60%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ET. AE Wealth Management LLC grew its position in Energy Transfer by 17.6% in the third quarter. AE Wealth Management LLC now owns 146,752 shares of the pipeline company's stock worth $2,059,000 after acquiring an additional 21,980 shares during the period. Ronald Blue Trust Inc. acquired a new position in Energy Transfer during the third quarter worth $34,000. Arkadios Wealth Advisors lifted its stake in Energy Transfer by 3.9% during the third quarter. Arkadios Wealth Advisors now owns 27,347 shares of the pipeline company's stock worth $384,000 after purchasing an additional 1,026 shares in the last quarter. RFG Advisory LLC lifted its stake in Energy Transfer by 9.3% during the third quarter. RFG Advisory LLC now owns 19,148 shares of the pipeline company's stock worth $269,000 after purchasing an additional 1,627 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Energy Transfer by 3.1% during the third quarter. Avior Wealth Management LLC now owns 28,865 shares of the pipeline company's stock worth $405,000 after purchasing an additional 855 shares in the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

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.