Energy Transfer (NYSE:ET) Trading Up 1.1% - What's Next?

Energy Transfer LP (NYSE:ET - Get Free Report) traded up 1.1% during mid-day trading on Monday . The stock traded as high as $18.99 and last traded at $18.94. 2,543,816 shares traded hands during trading, a decline of 86% from the average session volume of 17,568,713 shares. The stock had previously closed at $18.73.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Wells Fargo & Company upped their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Citigroup upped their target price on shares of Energy Transfer from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Barclays upped their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, UBS Group reiterated a "buy" rating on shares of Energy Transfer in a research note on Tuesday, March 4th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $21.55.

Energy Transfer Trading Down 1.1 %

The company has a market cap of $63.98 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.64 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. The business's 50 day moving average price is $19.57 and its 200-day moving average price is $18.26.

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Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.74% and a return on equity of 11.56%. On average, research analysts forecast that Energy Transfer LP will post 1.46 EPS 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 paid a $0.325 dividend. 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. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.97%. Energy Transfer's dividend payout ratio is currently 101.56%.

Institutional Investors Weigh In On Energy Transfer

A number of hedge funds have recently made changes to their positions in ET. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $29,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $29,000. Finally, United Community Bank acquired a new stake in shares of Energy Transfer during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 38.22% of the company's stock.

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.