Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price was down 1% on Tuesday . The stock traded as low as $15.77 and last traded at $15.82. Approximately 4,503,458 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 12,133,672 shares. The stock had previously closed at $15.98.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on ET shares. Citigroup boosted their target price on Energy Transfer from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. UBS Group decreased their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, February 15th. Finally, Mizuho reiterated a "buy" rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.00.
Read Our Latest Analysis on Energy Transfer
Energy Transfer Trading Down 1.6 %
The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $53.00 billion, a P/E ratio of 14.43 and a beta of 1.64. The business has a 50 day moving average of $15.41 and a 200-day moving average of $14.36.
Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share. Analysts anticipate that Energy Transfer LP will post 1.57 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.317 per share. The ex-dividend date is Friday, May 10th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.06%. Energy Transfer's dividend payout ratio (DPR) is presently 115.60%.
Institutional Investors Weigh In On Energy Transfer
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest Financial Advisors acquired a new position in shares of Energy Transfer during the 4th quarter worth about $25,000. Rise Advisors LLC boosted its position in Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 927 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth approximately $33,000. Harbor Investment Advisory LLC raised its stake in shares of Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company's stock worth $34,000 after purchasing an additional 750 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Energy Transfer in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 38.22% of the company's stock.
About Energy Transfer
(
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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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