Energy Transfer (NYSE:ET) Stock Price Down 0.1% - Time to Sell?

Energy Transfer LP (NYSE:ET - Get Free Report)'s share price dropped 0.1% during mid-day trading on Thursday . The company traded as low as $18.82 and last traded at $18.93. Approximately 2,604,481 shares changed hands during trading, a decline of 82% from the average daily volume of 14,459,014 shares. The stock had previously closed at $18.94.

Wall Street Analyst Weigh In

ET has been the subject of several research analyst reports. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. The Goldman Sachs Group upped their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Royal Bank of Canada raised their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Stifel Nicolaus upped their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Citigroup lifted their price target on shares of Energy Transfer from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.55.

Energy Transfer Stock Down 1.1 %

The company has a market capitalization of $63.98 billion, a P/E ratio of 14.57, a PEG ratio of 0.64 and a beta of 1.72. The stock has a 50 day moving average price of $19.57 and a 200 day moving average price of $18.27. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12.

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Energy Transfer (NYSE:ET - Get Free Report) last released 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%. Equities research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current fiscal 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 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 yield of 6.97%. The ex-dividend date was Friday, February 7th. Energy Transfer's payout ratio is currently 101.56%.

Hedge Funds Weigh In On Energy Transfer

Large investors have recently modified their holdings of the business. Mountain Hill Investment Partners Corp. purchased a new position in Energy Transfer in the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new position in shares of Energy Transfer in the fourth quarter worth $26,000. GAMMA Investing LLC purchased a new position in shares of Energy Transfer in the fourth quarter valued at $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of Energy Transfer during the 4th quarter valued at $29,000. Finally, United Community Bank purchased a new stake in Energy Transfer during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 38.22% of the company's stock.

About Energy Transfer

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.