Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price traded up 0.5% during trading on Monday . The company traded as high as $19.77 and last traded at $19.74. 2,364,376 shares traded hands during trading, a decline of 84% from the average session volume of 14,885,208 shares. The stock had previously closed at $19.64.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Bank of America began coverage on Energy Transfer in a research note on Thursday, October 17th. They set a "buy" rating and a $20.00 target price for the company. UBS Group lifted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Barclays upped their price objective on shares of Energy Transfer from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.55.
Read Our Latest Analysis on Energy Transfer
Energy Transfer Stock Performance
The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The firm's 50 day moving average is $18.48 and its 200-day moving average is $16.96. The company has a market cap of $67.07 billion, a PE ratio of 14.40, a PEG ratio of 0.63 and a beta of 1.70.
Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The business had revenue of $20.77 billion during the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, research analysts anticipate that Energy Transfer LP will post 1.32 earnings per share for the current fiscal year.
Energy Transfer Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were given a dividend of $0.3225 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.29 annualized dividend and a dividend yield of 6.58%. Energy Transfer's payout ratio is 94.85%.
Institutional Trading of Energy Transfer
Several hedge funds have recently made changes to their positions in ET. GAMMA Investing LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $29,000. Princeton Global Asset Management LLC boosted its stake in Energy Transfer by 65.0% during the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company's stock worth $26,000 after buying an additional 650 shares during the period. Assetmark Inc. increased its position in shares of Energy Transfer by 2,138.5% during the third quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company's stock valued at $28,000 after acquiring an additional 1,668 shares during the last quarter. HWG Holdings LP purchased a new stake in shares of Energy Transfer in the 2nd quarter valued at approximately $33,000. Finally, Continuum Advisory LLC lifted its holdings in shares of Energy Transfer by 44.8% in the 3rd quarter. Continuum Advisory LLC now owns 2,357 shares of the pipeline company's stock worth $40,000 after acquiring an additional 729 shares during the last quarter. Hedge funds and other 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.
Featured Articles
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
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
