Energy Transfer (NYSE:ET - Get Free Report) had its target price hoisted by stock analysts at Morgan Stanley from $20.00 to $26.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the pipeline company's stock. Morgan Stanley's price objective would suggest a potential upside of 36.91% from the company's previous close.
Other research analysts have also issued reports about the stock. Royal Bank of Canada increased their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Stifel Nicolaus lifted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Citigroup restated a "buy" rating on shares of Energy Transfer in a report on Monday. The Goldman Sachs Group lifted their target price on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Finally, Barclays upped their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.
Check Out Our Latest Analysis on ET
Energy Transfer Trading Up 0.3 %
Shares of Energy Transfer stock traded up $0.06 during mid-day trading on Tuesday, hitting $18.99. 6,267,777 shares of the stock were exchanged, compared to its average volume of 14,479,722. The stock has a market capitalization of $65.16 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. Energy Transfer has a twelve month low of $14.90 and a twelve month high of $21.45. 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 company has a 50-day simple moving average of $19.52 and a 200 day simple moving average of $18.33.
Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) 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%. Research analysts forecast that Energy Transfer will post 1.46 EPS for the current year.
Institutional Investors Weigh In On Energy Transfer
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mascagni Wealth Management Inc. acquired a new stake in Energy Transfer in the fourth quarter valued at approximately $50,000. Chancellor Financial Group WB LP bought a new stake in Energy Transfer in the fourth quarter worth $303,000. Wealth Enhancement Advisory Services LLC increased its position in Energy Transfer by 6.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 764,632 shares of the pipeline company's stock worth $14,979,000 after buying an additional 45,809 shares during the last quarter. Alpha Wealth Funds LLC bought a new position in Energy Transfer during the fourth quarter valued at about $2,143,000. Finally, Jefferies Financial Group Inc. boosted its stake in shares of Energy Transfer by 125.0% during the 4th quarter. Jefferies Financial Group Inc. now owns 469,227 shares of the pipeline company's stock worth $9,192,000 after acquiring an additional 260,700 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.
Energy Transfer Company Profile
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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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