Shares of Energy Transfer LP (NYSE:ET - Get Free Report) rose 3.4% during trading on Tuesday . The stock traded as high as $18.01 and last traded at $17.85. Approximately 8,105,473 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 18,042,219 shares. The stock had previously closed at $17.26.
Wall Street Analyst Weigh In
ET has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Finally, Barclays upped their target price on Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Energy Transfer has a consensus rating of "Moderate Buy" and an average price target of $21.55.
Get Our Latest Report on Energy Transfer
Energy Transfer Trading Up 2.6 %
The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The firm has a fifty day simple moving average of $19.72 and a 200-day simple moving average of $18.14. The firm has a market cap of $62.74 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72.
Energy Transfer (NYSE:ET - Get Free Report) last issued 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%. On average, equities research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.
Energy Transfer Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were issued a dividend of $0.325 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer's dividend payout ratio (DPR) is currently 101.56%.
Institutional Investors Weigh In On Energy Transfer
A number of institutional investors and hedge funds have recently made changes to their positions in ET. CWA Asset Management Group LLC purchased a new stake in shares of Energy Transfer in the third quarter worth approximately $375,000. Assetmark Inc. raised its position in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after buying an additional 1,668 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Energy Transfer during the 3rd quarter valued at $130,000. Apollon Wealth Management LLC boosted its holdings in Energy Transfer by 5.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 282,705 shares of the pipeline company's stock worth $4,537,000 after acquiring an additional 13,590 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in Energy Transfer by 0.9% during the 3rd quarter. Harbour Investments Inc. now owns 119,523 shares of the pipeline company's stock worth $1,918,000 after acquiring an additional 1,066 shares during the last quarter. Institutional investors and hedge funds 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.
Featured Stories
Before you consider Energy Transfer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.
While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
