Energy Transfer LP (NYSE:ET) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Energy Transfer LP (NYSE:ET) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.00.

A number of analysts recently commented on ET shares. Citigroup lifted their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho reiterated a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Finally, UBS Group reduced their price target on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th.

Energy Transfer Stock Down 0.2 %

NYSE:ET opened at $15.87 on Thursday. Energy Transfer has a fifty-two week low of $12.18 and a fifty-two week high of $16.04. The stock has a market capitalization of $53.47 billion, a P/E ratio of 14.56 and a beta of 1.64. 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 company’s 50-day simple moving average is $15.30 and its 200-day simple moving average is $14.30.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. On average, equities analysts anticipate that Energy Transfer will post 1.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Transfer

Institutional investors have recently bought and sold shares of the business. First Reserve GP XIII Ltd purchased a new position in shares of Energy Transfer during the 4th quarter valued at approximately $322,097,000. Alps Advisors Inc. increased its holdings in shares of Energy Transfer by 14.5% during the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock valued at $1,033,541,000 after purchasing an additional 9,341,798 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Energy Transfer by 38.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock valued at $353,576,000 after purchasing an additional 7,097,074 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Energy Transfer by 18.5% during the 4th quarter. Clearbridge Investments LLC now owns 25,423,547 shares of the pipeline company’s stock valued at $350,845,000 after purchasing an additional 3,976,676 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Energy Transfer by 1,447.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,756,955 shares of the pipeline company’s stock valued at $518,460,000 after purchasing an additional 3,514,195 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

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.