Energy Transfer (NYSE:ET) Stock Price Down 0.6% - Should You Sell?

Energy Transfer LP (NYSE:ET - Get Free Report) dropped 0.6% on Monday . The stock traded as low as $18.22 and last traded at $18.61. Approximately 4,306,615 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 14,551,229 shares. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

A number of analysts have commented on ET shares. Stifel Nicolaus lifted their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Morgan Stanley raised their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Citigroup restated a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Energy Transfer has an average rating of "Moderate Buy" and a consensus price target of $22.09.

Energy Transfer Stock Up 1.0 %

The firm's 50-day moving average is $19.38 and its 200 day moving average is $18.43. The firm has a market capitalization of $64.92 billion, a P/E ratio of 14.78, a PEG ratio of 0.64 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

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

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued 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 dividend on an annualized basis and a dividend yield of 6.87%. Energy Transfer's dividend payout ratio (DPR) is 101.56%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Watts Gwilliam & Co. LLC acquired a new position in shares of Energy Transfer during the 4th quarter worth about $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in Energy Transfer by 4.0% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock worth $148,621,000 after acquiring an additional 293,088 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its position in Energy Transfer by 164.1% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock valued at $1,186,000 after purchasing an additional 37,633 shares during the last quarter. Paragon Capital Management Ltd grew its stake in Energy Transfer by 435.5% in the fourth quarter. Paragon Capital Management Ltd now owns 68,724 shares of the pipeline company's stock valued at $1,346,000 after purchasing an additional 55,890 shares in the last quarter. Finally, FFG Partners LLC increased its position in shares of Energy Transfer by 0.9% during the 4th quarter. FFG Partners LLC now owns 1,650,574 shares of the pipeline company's stock worth $32,335,000 after purchasing an additional 13,948 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

About Energy Transfer

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.