Energy Transfer (NYSE:ET) Rating Reiterated by Mizuho

Energy Transfer (NYSE:ET - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Mizuho in a report released on Thursday, Benzinga reports. They currently have a $19.00 price objective on the pipeline company's stock, up from their prior price objective of $18.00. Mizuho's price objective indicates a potential upside of 22.38% from the stock's previous close.

A number of other research analysts have also weighed in on ET. Citigroup boosted their target price on Energy Transfer from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. UBS Group decreased 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.71.

Energy Transfer Stock Up 1.9 %

Shares of NYSE:ET traded up $0.29 during trading on Thursday, hitting $15.53. 15,827,531 shares of the company were exchanged, compared to its average volume of 12,503,916. The stock has a market cap of $52.31 billion, a price-to-earnings ratio of 14.35 and a beta of 1.64. Energy Transfer has a fifty-two week low of $12.18 and a fifty-two week high of $16.04. The firm has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $14.22. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37.

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 for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $20.53 billion for 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 quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, research analysts anticipate that Energy Transfer will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Energy Transfer

Several institutional investors have recently added to or reduced their stakes in ET. Northwest Financial Advisors bought a new stake in Energy Transfer in the 4th quarter valued at $25,000. VitalStone Financial LLC boosted its stake in Energy Transfer by 100.0% in the 1st quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 1,500 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Energy Transfer in the 1st quarter valued at $25,000. Rise Advisors LLC boosted its stake in Energy Transfer by 88.2% in the 4th 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 period. Finally, IMA Wealth Inc. boosted its stake in Energy Transfer by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 1,200 shares during the period. 38.22% of the stock is currently owned by 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.