Energy Transfer (NYSE:ET) Stock Price Up 0.5%

Shares of Energy Transfer LP (NYSE:ETGet Free Report) traded up 0.5% on Friday . The company traded as high as $15.97 and last traded at $15.86. 3,362,409 shares traded hands during trading, a decline of 72% from the average session volume of 12,120,289 shares. The stock had previously closed at $15.78.

Analyst Ratings Changes

Several analysts have recently weighed in on ET shares. Mizuho restated a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research report on Thursday, April 18th. Citigroup upped their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, UBS Group cut their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Get Our Latest Stock Report on Energy Transfer

Energy Transfer Trading Up 0.7 %

The business’s 50 day simple moving average is $15.46 and its 200 day simple moving average is $14.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $53.54 billion, a price-to-earnings ratio of 14.58 and a beta of 1.63.

Energy Transfer (NYSE:ETGet Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts anticipate that Energy Transfer LP will post 1.56 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.317 per share. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a dividend yield of 7.98%. Energy Transfer’s dividend payout ratio (DPR) is currently 115.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Northwest Financial Advisors purchased a new position in Energy Transfer in the fourth quarter worth $25,000. Rise Advisors LLC increased its holdings in shares of Energy Transfer by 88.2% in the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Energy Transfer in the 4th quarter valued at about $33,000. Harbor Investment Advisory LLC lifted its stake in shares of Energy Transfer by 42.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 750 shares during the period. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Energy Transfer during the fourth quarter worth about $34,000. 38.22% of the stock is currently 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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