Analysts Set Energy Transfer LP (NYSE:ET) Target Price at $22.09

Shares of Energy Transfer LP (NYSE:ET - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.09.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Barclays boosted their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Stifel Nicolaus increased their price objective on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Finally, Citigroup reissued a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th.

Institutional Investors Weigh In On Energy Transfer

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. bought a new stake in Energy Transfer during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new position in shares of Energy Transfer during the 4th quarter valued at about $26,000. GAMMA Investing LLC bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $29,000. Fourth Dimension Wealth LLC bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $29,000. Finally, United Community Bank purchased a new stake in Energy Transfer in the 4th quarter worth approximately $35,000. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

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Energy Transfer Stock Down 6.5 %

Shares of NYSE:ET traded down $1.23 on Thursday, hitting $17.71. 30,126,878 shares of the company traded hands, compared to its average volume of 14,653,992. The stock has a 50 day simple moving average of $19.34 and a 200-day simple moving average of $18.43. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The company has a market cap of $60.75 billion, a PE ratio of 13.83, a PEG ratio of 0.64 and a beta of 1.72. Energy Transfer has a 52 week low of $14.90 and a 52 week high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. As a group, research analysts expect that Energy Transfer will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a yield of 7.34%. Energy Transfer's dividend payout ratio (DPR) is presently 101.56%.

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.