Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price was up 0.1% during mid-day trading on Thursday . The stock traded as high as $18.70 and last traded at $18.42. Approximately 3,022,171 shares changed hands during trading, a decline of 83% from the average daily volume of 17,882,793 shares. The stock had previously closed at $18.40.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Royal Bank of Canada upped their price target on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Citigroup lifted their price objective on Energy Transfer from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company upped their target price on Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group lifted their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.55.
View Our Latest Analysis on ET
Energy Transfer Stock Up 2.1 %
The firm has a market cap of $63.68 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 0.64 and a beta of 1.72. The business's 50-day moving average is $19.67 and its 200-day moving average is $18.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.
Energy Transfer (NYSE:ET - Get Free Report) last posted 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 11.56% and a net margin of 5.74%. On average, equities analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were given a $0.325 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 7.00%. Energy Transfer's payout ratio is presently 101.56%.
Institutional Trading of Energy Transfer
Several large investors have recently made changes to their positions in ET. Assetmark Inc. grew its holdings in Energy Transfer by 2,138.5% during the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock worth $28,000 after acquiring an additional 1,668 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Energy Transfer by 0.9% during the third quarter. Harbour Investments Inc. now owns 119,523 shares of the pipeline company's stock valued at $1,918,000 after purchasing an additional 1,066 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Energy Transfer by 59.5% in the third quarter. GSA Capital Partners LLP now owns 89,357 shares of the pipeline company's stock valued at $1,434,000 after purchasing an additional 33,342 shares in the last quarter. Haverford Trust Co raised its position in Energy Transfer by 0.7% in the 3rd quarter. Haverford Trust Co now owns 102,176 shares of the pipeline company's stock worth $1,640,000 after purchasing an additional 675 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Energy Transfer by 7.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 186,286 shares of the pipeline company's stock worth $2,990,000 after buying an additional 12,284 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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