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

Shares of Energy Transfer LP (NYSE:ETGet Free Report) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.43.

ET has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup lifted their price target on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho reissued a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Finally, UBS Group lifted their price target on Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th.

View Our Latest Stock Report on Energy Transfer

Energy Transfer Price Performance

NYSE:ET opened at $15.46 on Friday. The business’s 50-day moving average price is $15.72 and its 200 day moving average price is $14.77. The firm has a market cap of $52.08 billion, a P/E ratio of 14.18, a PEG ratio of 0.42 and a beta of 1.63. Energy Transfer has a 52-week low of $12.46 and a 52-week high of $16.40. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 1.37.

Energy Transfer (NYSE:ETGet Free Report) last released its earnings results on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm 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 was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. As a group, sell-side analysts predict that Energy Transfer will post 1.45 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were given a dividend of $0.317 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 8.20%. Energy Transfer’s dividend payout ratio (DPR) is presently 116.51%.

Institutional Investors Weigh In On Energy Transfer

A number of institutional investors have recently bought and sold shares of the business. Northwest Financial Advisors acquired a new stake in shares of Energy Transfer during the 4th quarter valued at about $25,000. Rise Advisors LLC lifted its holdings in shares of Energy Transfer by 88.2% during 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 during the last quarter. LRI Investments LLC acquired a new stake in shares of Energy Transfer during the 1st quarter valued at about $29,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Energy Transfer during the 4th quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock valued at $34,000 after buying an additional 750 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Energy Transfer (NYSE:ET)

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