ENERGY TRANSFER/UT LTD PARTN INT (ET) Given Buy Rating at BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) in a report published on Thursday morning. BMO Capital Markets currently has a $18.00 price target on the pipeline company’s stock.

Several other research firms have also recently commented on ET. Robert W. Baird reaffirmed a buy rating and issued a $21.00 price objective on shares of ENERGY TRANSFER/UT LTD PARTN INT in a research report on Wednesday. Raymond James reissued a buy rating and set a $20.00 price target on shares of ENERGY TRANSFER/UT LTD PARTN INT in a research report on Thursday, November 1st. Citigroup started coverage on shares of ENERGY TRANSFER/UT LTD PARTN INT in a research report on Thursday, November 29th. They set a buy rating on the stock. Finally, ValuEngine cut shares of ENERGY TRANSFER/UT LTD PARTN INT from a sell rating to a strong sell rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. ENERGY TRANSFER/UT LTD PARTN INT presently has an average rating of Buy and a consensus target price of $19.67.

Shares of NYSE ET traded up $0.24 during midday trading on Thursday, reaching $14.46. 4,860,528 shares of the stock were exchanged, compared to its average volume of 9,938,421. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.30 and a beta of 1.86. ENERGY TRANSFER/UT LTD PARTN INT has a 12 month low of $12.80 and a 12 month high of $19.34. The company has a quick ratio of 0.53, a current ratio of 0.74 and a debt-to-equity ratio of 1.36.

ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) last posted its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.27). The company had revenue of $14.51 billion during the quarter, compared to the consensus estimate of $13.78 billion. ENERGY TRANSFER/UT LTD PARTN INT had a net margin of 2.58% and a return on equity of 5.68%. The company’s revenue was up 45.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that ENERGY TRANSFER/UT LTD PARTN INT will post 1.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Thursday, November 8th were given a dividend of $0.305 per share. The ex-dividend date was Wednesday, November 7th. This represents a $1.22 annualized dividend and a yield of 8.44%. ENERGY TRANSFER/UT LTD PARTN INT’s dividend payout ratio (DPR) is presently 100.83%.

In other news, CEO Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $14.93 per share, for a total transaction of $14,930,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kelcy L. Warren acquired 2,000,000 shares of the stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $15.55 per share, for a total transaction of $31,100,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,416,000 shares of company stock worth $52,790,800 over the last three months. Insiders own 3.28% of the company’s stock.

ENERGY TRANSFER/UT LTD PARTN INT Company Profile

Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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