Brokerages Set Energy Transfer LP (NYSE:ET) Price Target at $20.82

Energy Transfer LP (NYSE:ETGet Free Report) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.82.

Several analysts recently weighed in on the stock. Barclays lifted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America initiated coverage on Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 target price on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th.

Get Our Latest Analysis on ET

Institutional Trading of Energy Transfer

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Energy Transfer in the fourth quarter valued at $29,000. Princeton Global Asset Management LLC grew its stake in Energy Transfer by 65.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after buying an additional 650 shares during the last quarter. Assetmark Inc. increased its position in Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,668 shares during the period. HWG Holdings LP acquired a new stake in Energy Transfer during the second quarter worth about $33,000. Finally, Continuum Advisory LLC boosted its stake in Energy Transfer by 44.8% during the third quarter. Continuum Advisory LLC now owns 2,357 shares of the pipeline company’s stock worth $40,000 after buying an additional 729 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Price Performance

Shares of NYSE ET opened at $20.28 on Friday. The stock has a market capitalization of $69.45 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.57 and a beta of 1.70. Energy Transfer has a 12 month low of $13.60 and a 12 month high of $20.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The firm’s 50 day simple moving average is $19.02 and its 200-day simple moving average is $17.20.

Energy Transfer (NYSE:ETGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Analysts expect that Energy Transfer will post 1.34 EPS for the current year.

Energy Transfer Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date was Friday, November 8th. Energy Transfer’s payout ratio is 94.85%.

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.

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Analyst Recommendations for Energy Transfer (NYSE:ET)

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