Energy Transfer (NYSE:ET) Price Target Raised to $26.00 at Morgan Stanley

Energy Transfer (NYSE:ET - Get Free Report) had its price objective boosted by analysts at Morgan Stanley from $20.00 to $26.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the pipeline company's stock. Morgan Stanley's target price would suggest a potential upside of 38.93% from the stock's current price.

A number of other equities analysts have also recently weighed in on the stock. UBS Group restated a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. The Goldman Sachs Group lifted 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. Stifel Nicolaus increased their target price on Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Energy Transfer currently has a consensus rating of "Moderate Buy" and an average target price of $22.09.

Energy Transfer Trading Down 0.9 %

Energy Transfer stock opened at $18.72 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The firm has a market cap of $64.22 billion, a PE ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72. The stock's 50 day simple moving average is $19.46 and its two-hundred day simple moving average is $18.36. Energy Transfer has a 12 month low of $14.90 and a 12 month high of $21.45.

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 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%. Analysts anticipate that Energy Transfer will post 1.46 earnings per share for the current year.

Hedge Funds Weigh In On Energy Transfer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. purchased a new position in Energy Transfer in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Energy Transfer in the 4th quarter valued at $26,000. GAMMA Investing LLC purchased a new position in shares of Energy Transfer during the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Energy Transfer during the fourth quarter worth $29,000. Finally, United Community Bank purchased a new stake in shares of Energy Transfer in the fourth quarter valued at $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.