Energy Transfer LP (NYSE:ET - Get Free Report)'s share price rose 2.1% on Tuesday . The stock traded as high as $17.37 and last traded at $17.17. Approximately 4,281,804 shares traded hands during trading, a decline of 72% from the average daily volume of 15,225,568 shares. The stock had previously closed at $16.82.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ET shares. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research note on Tuesday, March 25th. UBS Group restated a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. 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. Finally, Citigroup restated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.
Read Our Latest Stock Report on ET
Energy Transfer Stock Performance
The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The firm has a market capitalization of $59.14 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The firm's 50-day moving average price is $18.24 and its two-hundred day moving average price is $18.44.
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 net margin of 5.74% and a return on equity of 11.56%. Sell-side analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 7.54%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer's dividend payout ratio is currently 101.56%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of ET. FMR LLC raised its position 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 last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Energy Transfer by 7.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 23,987,750 shares of the pipeline company's stock valued at $469,920,000 after buying an additional 1,723,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Energy Transfer by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,776,221 shares of the pipeline company's stock valued at $387,416,000 after buying an additional 1,093,381 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings 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 valued at $319,929,000 after buying an additional 2,512,060 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its position in Energy Transfer by 2.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 15,738,594 shares of the pipeline company's stock worth $308,319,000 after buying an additional 388,073 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.
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.
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