Energy Transfer LP (NYSE:ET - Get Free Report)'s share price traded up 0.2% on Thursday . The company traded as high as $19.02 and last traded at $18.96. Approximately 2,498,615 shares traded hands during trading, a decline of 85% from the average session volume of 16,494,176 shares. The stock had previously closed at $18.93.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on ET shares. Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Citigroup restated a "buy" rating on shares of Energy Transfer in a research note on Monday, March 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Energy Transfer in a report on Tuesday, March 25th. Wells Fargo & Company boosted 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, UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.09.
View Our Latest Stock Report on Energy Transfer
Energy Transfer Stock Down 0.9 %
The company has a market capitalization of $64.22 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.72. The business has a fifty day simple moving average of $19.46 and a two-hundred day simple moving average of $18.37. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42.
Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.95%. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer's dividend payout ratio is currently 101.56%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Stonegate Investment Group LLC raised its position in Energy Transfer by 1.4% in the 4th quarter. Stonegate Investment Group LLC now owns 34,320 shares of the pipeline company's stock valued at $672,000 after purchasing an additional 482 shares during the last quarter. Private Client Services LLC raised its holdings in shares of Energy Transfer by 3.1% in the fourth quarter. Private Client Services LLC now owns 16,915 shares of the pipeline company's stock valued at $331,000 after buying an additional 511 shares during the last quarter. United Advisor Group LLC lifted its position in Energy Transfer by 3.0% during the 4th quarter. United Advisor Group LLC now owns 18,540 shares of the pipeline company's stock worth $363,000 after buying an additional 534 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Energy Transfer by 0.4% during the 4th quarter. Wealthspire Advisors LLC now owns 130,202 shares of the pipeline company's stock worth $2,551,000 after acquiring an additional 535 shares during the last quarter. Finally, Cannell & Spears LLC increased its position in Energy Transfer by 0.4% in the 4th quarter. Cannell & Spears LLC now owns 135,647 shares of the pipeline company's stock valued at $2,657,000 after acquiring an additional 546 shares in the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.
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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