Energy Transfer (NYSEAMERICAN:ET) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Energy Transfer (NYSEAMERICAN:ET) posted its quarterly earnings results on Tuesday. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07), RTT News reports. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. During the same period in the prior year, the firm posted $0.28 EPS.

Energy Transfer Price Performance

NYSEAMERICAN:ET traded up $0.09 during trading hours on Tuesday, reaching $20.43. 1,614,261 shares of the company were exchanged, compared to its average volume of 12,033,980. The business has a 50 day moving average of $20.75 and a 200 day moving average of $19.66. Energy Transfer has a 1-year low of $16.18 and a 1-year high of $21.84. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 0.94. The company has a market capitalization of $70.36 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.72 and a beta of 0.60.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be given a dividend of $0.3425 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.37 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, November 6th. Energy Transfer’s dividend payout ratio (DPR) is currently 92.52%.

Insider Buying and Selling at Energy Transfer

In related news, Director James Perry bought 12,359 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $20.23 per share, for a total transaction of $250,022.57. Following the transaction, the director owned 208,046 shares in the company, valued at $4,208,770.58. The trade was a 6.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kelcy Warren bought 647,968 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the transaction, the director owned 147,901,879 shares in the company, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 1,012,359 shares of company stock valued at $21,513,543 over the last ninety days. Insiders own 3.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ET shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. Stifel Nicolaus started coverage on Energy Transfer in a report on Thursday, September 10th. They set a “buy” rating and a $25.00 price target for the company. Capital One Financial initiated coverage on Energy Transfer in a research note on Tuesday, September 22nd. They issued an “overweight” rating and a $26.00 price target for the company. Morgan Stanley boosted their price target on Energy Transfer from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.60.

Energy Transfer Company Profile

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.