Energy Transfer (NYSE:ET) Shares Down 0.4%

Energy Transfer LP (NYSE:ETGet Free Report) fell 0.4% during mid-day trading on Thursday . The stock traded as low as $15.53 and last traded at $15.60. 4,702,538 shares traded hands during trading, a decline of 63% from the average session volume of 12,587,543 shares. The stock had previously closed at $15.66.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ET. UBS Group dropped their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.57.

Check Out Our Latest Analysis on ET

Energy Transfer Stock Performance

The firm’s fifty day moving average price is $14.55 and its 200 day moving average price is $13.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $52.41 billion, a price-to-earnings ratio of 14.27 and a beta of 1.64.

Energy Transfer (NYSE:ETGet Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same period in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts forecast that Energy Transfer LP will post 1.44 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. This represents a $1.26 dividend on an annualized basis and a yield of 8.10%. Energy Transfer’s dividend payout ratio is 115.60%.

Institutional Investors Weigh In On Energy Transfer

Hedge funds have recently added to or reduced their stakes in the business. Northwest Financial Advisors purchased a new stake in shares of Energy Transfer in the 4th quarter valued at approximately $25,000. VitalStone Financial LLC increased its position in shares of Energy Transfer by 100.0% in the 1st quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,500 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Energy Transfer in the 1st quarter valued at approximately $25,000. Rise Advisors LLC grew its position 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 buying an additional 927 shares during the last quarter. Finally, Tsfg LLC grew its position in shares of Energy Transfer by 86.8% in the 3rd quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. 33.79% 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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