Energy Transfer (NYSE:ET) Trading Up 0.8% - What's Next?

Energy Transfer LP (NYSE:ET - Get Free Report)'s share price rose 0.8% on Monday . The company traded as high as $20.09 and last traded at $19.98. Approximately 10,422,402 shares traded hands during trading, a decline of 41% from the average daily volume of 17,631,726 shares. The stock had previously closed at $19.82.

Analyst Ratings Changes

ET has been the topic of a number of research reports. Stifel Nicolaus increased their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Finally, Barclays increased their price objective on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.18.

Energy Transfer Trading Down 0.7 %

The stock has a market capitalization of $68.54 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 0.53 and a beta of 1.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The business has a 50 day simple moving average of $19.86 and a 200-day simple moving average of $17.87.

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 the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.66% and a net margin of 5.74%. On average, analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 6.51%. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.

Institutional Investors Weigh In On Energy Transfer

Several large investors have recently modified their holdings of ET. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Energy Transfer in the fourth quarter valued at $25,000. Princeton Global Asset Management LLC lifted its holdings in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 650 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of 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 purchasing an additional 1,668 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Energy Transfer in the fourth quarter valued at $29,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Energy Transfer in the fourth quarter valued at $29,000. 38.22% of the stock is owned by institutional investors.

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.