Energy Transfer (NYSE:ET) Trading Down 0.3%

Energy Transfer LP (NYSE:ET) shares traded down 0.3% during mid-day trading on Tuesday . The stock traded as low as $15.56 and last traded at $15.65. 1,646,054 shares traded hands during trading, a decline of 86% from the average session volume of 11,975,631 shares. The stock had previously closed at $15.70.

Analyst Ratings Changes

A number of research analysts recently commented on ET shares. UBS Group boosted their price target on Energy Transfer from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Stifel Nicolaus increased their price target on shares of Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley boosted their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup lifted their price target on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Mizuho reaffirmed a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Energy Transfer currently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

Energy Transfer Stock Down 0.4 %

The stock has a 50 day moving average price of $15.72 and a 200 day moving average price of $14.82. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $52.67 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.42 and a beta of 1.63.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $21.63 billion for the quarter, compared to analyst estimates of $20.91 billion. Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. Energy Transfer’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. As a group, analysts forecast that Energy Transfer LP will post 1.45 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $0.317 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.11%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is 116.51%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Northwest Financial Advisors acquired a new stake in Energy Transfer in the fourth quarter worth $25,000. Rise Advisors LLC increased its position in Energy Transfer by 88.2% in the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock valued at $27,000 after buying an additional 927 shares in the last quarter. LRI Investments LLC acquired a new position in Energy Transfer during the 1st quarter worth approximately $29,000. Atlantic Edge Private Wealth Management LLC bought a new position in Energy Transfer in the fourth quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Energy Transfer by 42.9% during 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 in the last quarter. 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.