Energy Transfer LP (NYSE:ET) Receives $18.00 Consensus Target Price from Analysts

Shares of Energy Transfer LP (NYSE:ET) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.00.

Several equities research analysts recently commented on ET shares. Mizuho reissued a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Citigroup boosted their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, UBS Group dropped their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ET. Portside Wealth Group LLC purchased a new position in Energy Transfer in the second quarter worth about $281,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Energy Transfer during the third quarter valued at approximately $35,000. International Assets Investment Management LLC raised its holdings in shares of Energy Transfer by 2.5% during the third quarter. International Assets Investment Management LLC now owns 242,760 shares of the pipeline company’s stock valued at $3,386,000 after purchasing an additional 5,868 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Energy Transfer by 116.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 82,172 shares of the pipeline company’s stock valued at $1,153,000 after purchasing an additional 44,289 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Energy Transfer by 17.6% during the third quarter. AE Wealth Management LLC now owns 146,752 shares of the pipeline company’s stock valued at $2,059,000 after purchasing an additional 21,980 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Trading Down 0.2 %

Shares of ET opened at $15.87 on Thursday. The firm’s 50-day moving average price is $15.30 and its 200-day moving average price is $14.30. The firm has a market capitalization of $53.47 billion, a price-to-earnings ratio of 14.56 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. Energy Transfer has a 1-year low of $12.18 and a 1-year high of $16.04.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The firm had revenue of $20.53 billion for the quarter, compared to analyst estimates of $21.46 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Sell-side analysts anticipate that Energy Transfer will post 1.46 EPS for the current year.

Energy Transfer Company Profile

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.