Energy Transfer LP (NYSE:ET - Get Free Report) fell 1.2% during trading on Friday . The company traded as low as $17.39 and last traded at $17.48. 6,421,872 shares were traded during trading, a decline of 63% from the average session volume of 17,257,564 shares. The stock had previously closed at $17.70.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Barclays increased their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. The Goldman Sachs Group boosted their price target on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Citigroup raised their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Energy Transfer has an average rating of "Moderate Buy" and a consensus price target of $21.55.
Check Out Our Latest Research Report on ET
Energy Transfer Stock Performance
The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $63.19 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.64 and a beta of 1.72. The company has a 50-day moving average price of $19.72 and a 200-day moving average price of $18.14.
Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 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%. As a group, equities research analysts forecast that Energy Transfer LP will post 1.46 earnings per share 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 issued 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 annualized dividend and a dividend yield of 7.06%. Energy Transfer's dividend payout ratio (DPR) is 101.56%.
Institutional Investors Weigh In On Energy Transfer
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Energy Transfer in the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in shares of Energy Transfer in the 4th quarter worth approximately $26,000. GAMMA Investing LLC bought a new stake in Energy Transfer during the fourth quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new position in Energy Transfer in the fourth quarter worth approximately $29,000. Finally, Assetmark Inc. increased 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 buying an additional 1,668 shares in the last quarter. Institutional investors own 38.22% of the company's stock.
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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