NYSE:ET - Get Free Report )'s share price was up 0.4% on Wednesday . The stock traded as high as $16.23 and last traded at $16.19. 2,918,973 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 12,084,430 shares. The stock had previously closed at $16.13.
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Analyst Upgrades and Downgrades ET has been the subject of several research reports. UBS Group cut their price target 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. Mizuho restated a "buy" rating and set a $19.00 target price (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Finally, Citigroup upped their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.
Read Our Latest Research Report on Energy Transfer
Energy Transfer Trading Up 0.7 % The business has a 50-day moving average of $15.52 and a 200 day moving average of $14.43. The stock has a market cap of $54.74 billion, a PE ratio of 14.90 and a beta of 1.63. 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 issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Energy Transfer LP will post 1.56 EPS for the current fiscal year.
Energy Transfer Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.317 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Friday, May 10th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio is currently 115.60%.
Hedge Funds Weigh In On Energy Transfer Institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in Energy Transfer during the first quarter worth approximately $86,000. Williams Jones Wealth Management LLC. raised its position in shares of Energy Transfer by 2.4% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 814,273 shares of the pipeline company's stock worth $12,809,000 after buying an additional 19,350 shares during the period. Sfmg LLC boosted its holdings in Energy Transfer by 2.2% in the first quarter. Sfmg LLC now owns 31,406 shares of the pipeline company's stock valued at $494,000 after acquiring an additional 674 shares during the last quarter. Quantum Private Wealth LLC grew its position in Energy Transfer by 21.2% during the first quarter. Quantum Private Wealth LLC now owns 116,568 shares of the pipeline company's stock valued at $1,834,000 after acquiring an additional 20,385 shares during the period. Finally, Chilton Capital Management LLC increased its stake in Energy Transfer by 5.3% during the first quarter. Chilton Capital Management LLC now owns 22,106 shares of the pipeline company's stock worth $348,000 after acquiring an additional 1,107 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.
About Energy Transfer (
Get Free Report )
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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