Energy Transfer LP (NYSE:ET - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.60 and last traded at $14.93, with a volume of 10066265 shares. The stock had previously closed at $16.16.
Wall Street Analyst Weigh In
Several analysts have recently commented on ET shares. Wells Fargo & Company increased their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Citigroup reiterated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. UBS Group restated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Barclays increased their price target on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Finally, Morgan Stanley lifted their price target on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Energy Transfer presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.
Read Our Latest Stock Analysis on ET
Energy Transfer Stock Performance
The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The company has a 50 day simple moving average of $18.64 and a 200-day simple moving average of $18.42. The stock has a market capitalization of $55.33 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.
Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) 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%. On average, equities analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date was Friday, February 7th. Energy Transfer's dividend payout ratio is presently 101.56%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ET. Bank of Montreal Can boosted its holdings in shares of Energy Transfer by 12,090.8% in the fourth quarter. Bank of Montreal Can now owns 12,455,613 shares of the pipeline company's stock worth $244,005,000 after acquiring an additional 12,353,441 shares during the period. FMR LLC boosted its holdings in Energy Transfer by 15.7% in the 4th quarter. FMR LLC now owns 38,634,018 shares of the pipeline company's stock valued at $756,840,000 after purchasing an additional 5,254,721 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of Energy Transfer during the 4th quarter valued at $79,113,000. Hsbc Holdings PLC bought a new position in shares of Energy Transfer in the fourth quarter worth $50,166,000. Finally, Westwood Holdings Group Inc. raised its position in shares of Energy Transfer by 18.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 16,331,220 shares of the pipeline company's stock worth $319,929,000 after buying an additional 2,512,060 shares in the last quarter. 38.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Stories
Before you consider Energy Transfer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.
While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
