Energy Transfer LP (NYSE:ET) Receives $22.09 Consensus PT from Brokerages

Shares of Energy Transfer LP (NYSE:ET) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.09.

Several analysts have commented on ET shares. The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Citigroup reaffirmed a “buy” rating on shares of Energy Transfer in a report on Monday, March 24th. Wells Fargo & Company upped their price objective 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. UBS Group restated a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus raised their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ET. Mountain Hill Investment Partners Corp. acquired a new stake in Energy Transfer during the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Energy Transfer during the fourth quarter valued at $26,000. GAMMA Investing LLC purchased a new stake in Energy Transfer during the 4th quarter worth about $29,000. Fourth Dimension Wealth LLC acquired a new position in Energy Transfer in the 4th quarter valued at about $29,000. Finally, United Community Bank purchased a new position in Energy Transfer in the 4th quarter valued at about $35,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Trading Down 9.1 %

ET opened at $16.12 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. Energy Transfer has a 52 week low of $14.90 and a 52 week high of $21.45. The business’s 50 day moving average is $19.18 and its two-hundred day moving average is $18.44. The firm has a market cap of $55.30 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Energy Transfer (NYSE:ET) last announced 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, research analysts predict that Energy Transfer will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a $0.325 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 annualized dividend and a dividend yield of 8.07%. Energy Transfer’s dividend payout ratio is currently 101.56%.

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.