Energy Transfer (NYSE:ET) Trading Down 0.1%

Energy Transfer LP (NYSE:ET) shares fell 0.1% on Wednesday . The company traded as low as $15.79 and last traded at $15.89. 1,584,771 shares were traded during trading, a decline of 87% from the average session volume of 12,331,743 shares. The stock had previously closed at $15.90.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ET. Mizuho reiterated a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. UBS Group decreased their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, Citigroup lifted their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Energy Transfer Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $53.72 billion, a P/E ratio of 14.63 and a beta of 1.64. The firm’s fifty day moving average price is $15.33 and its 200 day moving average price is $14.31.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, beating 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 business had revenue of $20.53 billion during the quarter, compared to analyst estimates of $21.46 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Energy Transfer LP will post 1.48 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be given a $0.317 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.95%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is presently 115.60%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Northwest Financial Advisors purchased a new position in shares of Energy Transfer in the 4th quarter worth 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 worth $27,000 after buying an additional 927 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Energy Transfer in the 4th quarter worth approximately $33,000. Harbor Investment Advisory LLC grew its position in Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 750 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Energy Transfer during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors 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.