Energy Transfer (NYSE:ET) Price Target Raised to $25.00 at Barclays

Energy Transfer (NYSE:ET - Free Report) had its price target boosted by Barclays from $22.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the pipeline company's stock.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Bank of America began coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They set a "buy" rating and a $20.00 target price for the company. UBS Group boosted their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. The Goldman Sachs Group boosted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada upped their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.82.

Energy Transfer Stock Performance

Shares of NYSE:ET traded up $0.07 during trading on Monday, reaching $19.49. 12,481,745 shares of the company's stock traded hands, compared to its average volume of 13,649,827. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. Energy Transfer has a 12 month low of $13.60 and a 12 month high of $20.02. The company has a 50 day moving average of $18.73 and a 200-day moving average of $17.07. The stock has a market capitalization of $66.73 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.70.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that Energy Transfer will post 1.32 EPS for the current year.

Energy Transfer Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer's dividend payout ratio is presently 94.85%.

Institutional Trading of Energy Transfer

Several institutional investors and hedge funds have recently added to or reduced their stakes in ET. Princeton Global Asset Management LLC lifted its holdings in shares of Energy Transfer by 65.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock valued at $26,000 after buying an additional 650 shares during the last quarter. Assetmark Inc. lifted its stake in Energy Transfer by 2,138.5% in the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 1,668 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth $29,000. HWG Holdings LP bought a new position in shares of Energy Transfer during the 2nd quarter valued at $33,000. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of Energy Transfer by 43.6% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company's stock valued at $40,000 after purchasing an additional 750 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

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.