Energy Transfer (NYSE:ET) Shares Down 0.9% - Should You Sell?

Energy Transfer LP (NYSE:ET - Get Free Report)'s share price fell 0.9% during mid-day trading on Friday . The stock traded as low as $18.58 and last traded at $18.71. 2,317,039 shares were traded during mid-day trading, a decline of 84% from the average session volume of 14,456,998 shares. The stock had previously closed at $18.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, January 13th. 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. Citigroup reissued a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Finally, Wells Fargo & Company lifted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and a consensus price target of $22.09.

Energy Transfer Stock Down 0.6 %

The firm has a 50-day moving average of $19.46 and a two-hundred day moving average of $18.39. The stock has a market capitalization of $63.82 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.

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Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results 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 return on equity of 11.56% and a net margin of 5.74%. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. 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 yield of 6.99%. Energy Transfer's payout ratio is 101.56%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mountain Hill Investment Partners Corp. acquired a new position in Energy Transfer during the fourth quarter worth $25,000. Capital A Wealth Management LLC acquired 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 in the 4th quarter valued at approximately $29,000. Fourth Dimension Wealth LLC acquired a new stake in Energy Transfer in the 4th quarter worth approximately $29,000. Finally, United Community Bank bought a new stake in Energy Transfer during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 38.22% of the company's stock.

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.