Energy Transfer LP (ET) to Issue Quarterly Dividend of $0.34 on February 19th

Energy Transfer LP (NYSE:ET) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 6th will be paid a dividend of 0.335 per share by the pipeline company on Thursday, February 19th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, February 6th. This is a 0.8% increase from Energy Transfer’s previous quarterly dividend of $0.33.

Energy Transfer has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Energy Transfer has a payout ratio of 85.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Energy Transfer to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.34 annual dividend with an expected future payout ratio of 88.2%.

Energy Transfer Trading Down 0.7%

Shares of Energy Transfer stock opened at $18.28 on Wednesday. The stock has a market capitalization of $62.75 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.95 and a beta of 0.66. Energy Transfer has a 52-week low of $14.60 and a 52-week high of $21.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.14 and a current ratio of 1.41. The stock’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $17.09.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.06). The business had revenue of $19.95 billion during the quarter, compared to analysts’ expectations of $21.84 billion. Energy Transfer had a return on equity of 10.71% and a net margin of 5.66%.Energy Transfer’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. As a group, research analysts anticipate that Energy Transfer will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

ET has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded shares of Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their target price on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Monday, November 24th. Finally, UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.