Energy Transfer (NYSE:ET) Stock Price Down 0.1%

Energy Transfer LP (NYSE:ET) fell 0.1% on Thursday . The company traded as low as $15.76 and last traded at $15.86. 3,295,852 shares changed hands during trading, a decline of 73% from the average session volume of 12,306,559 shares. The stock had previously closed at $15.87.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ET. Mizuho reissued a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. UBS Group reduced their price target on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, Citigroup lifted their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Energy Transfer Stock Up 0.1 %

The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $53.76 billion, a P/E ratio of 14.64 and a beta of 1.64. The company has a 50-day moving average of $15.36 and a two-hundred day moving average of $14.33.

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 the consensus estimate of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The company had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. On average, research analysts predict that Energy Transfer LP will post 1.57 EPS for the current year.

Energy Transfer Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwest Financial Advisors bought a new position in shares of Energy Transfer during the fourth quarter valued at $25,000. Rise Advisors LLC lifted its holdings in shares of Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 927 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Energy Transfer during the fourth quarter valued at $33,000. Harbor Investment Advisory LLC lifted its holdings in Energy Transfer by 42.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 750 shares during the period. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Energy Transfer in the fourth quarter valued at about $34,000. 38.22% of the stock is owned by institutional investors.

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.