Energy Transfer (NYSE:ET) Shares Up 3.3% - What's Next?

Energy Transfer LP (NYSE:ET - Get Free Report)'s share price was up 3.3% on Tuesday . The stock traded as high as $17.03 and last traded at $16.40. Approximately 9,743,786 shares were traded during trading, a decline of 35% from the average daily volume of 14,942,960 shares. The stock had previously closed at $15.87.

Analyst Ratings Changes

ET has been the subject of several recent analyst reports. UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Barclays raised their price objective on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. The Goldman Sachs Group boosted their target price on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Morgan Stanley raised their price target on Energy Transfer from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price objective on shares of Energy Transfer in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.09.

Energy Transfer Stock Performance

The stock has a market cap of $55.33 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. 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 stock has a 50 day simple moving average of $18.55 and a 200 day simple moving average of $18.42.

Remove Ads

Energy Transfer (NYSE:ET - Get Free Report) last posted 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%. On average, equities analysts expect 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. Investors of record on Friday, February 7th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 8.06%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is 101.56%.

Institutional Investors Weigh In On Energy Transfer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. bought a new stake in shares of Energy Transfer during the fourth quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter valued at $26,000. GAMMA Investing LLC bought a new stake in Energy Transfer during the 4th quarter worth $29,000. Fourth Dimension Wealth LLC acquired a new position in Energy Transfer in the 4th quarter worth about $29,000. Finally, United Community Bank bought a new position in Energy Transfer in the fourth quarter valued at about $35,000. 38.22% of the stock is currently owned by institutional investors.

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.