Energy Transfer (NYSE:ET) Trading Up 0.1%

Shares of Energy Transfer LP (NYSE:ET) traded up 0.1% during mid-day trading on Monday . The stock traded as high as $16.34 and last traded at $16.26. 2,444,888 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 11,745,996 shares. The stock had previously closed at $16.25.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group raised their target price on Energy Transfer from $23.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Morgan Stanley raised their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upped their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Stifel Nicolaus increased their target price on shares of Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Mizuho boosted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.29.

Energy Transfer Stock Down 0.1 %

The firm’s fifty day simple moving average is $15.83 and its 200 day simple moving average is $15.23. The company has a current ratio of 1.18, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37. The company has a market cap of $55.20 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.45 and a beta of 1.66.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The firm had revenue of $21.63 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.32 earnings per share. Sell-side analysts predict that Energy Transfer LP will post 1.45 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a $0.317 dividend. The ex-dividend date was Friday, May 10th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a yield of 7.74%. Energy Transfer’s dividend payout ratio (DPR) is currently 116.51%.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently bought and sold shares of ET. NBC Securities Inc. lifted its holdings in shares of Energy Transfer by 4.3% in the 1st quarter. NBC Securities Inc. now owns 56,366 shares of the pipeline company’s stock valued at $886,000 after purchasing an additional 2,326 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Energy Transfer by 112.9% during the fourth quarter. Mutual Advisors LLC now owns 146,943 shares of the pipeline company’s stock worth $2,028,000 after acquiring an additional 77,938 shares during the last quarter. US Bancorp DE increased its holdings in shares of Energy Transfer by 95.8% in the 4th quarter. US Bancorp DE now owns 145,894 shares of the pipeline company’s stock valued at $2,013,000 after acquiring an additional 71,386 shares during the period. Savant Capital LLC raised its position in Energy Transfer by 19.7% in the 4th quarter. Savant Capital LLC now owns 26,335 shares of the pipeline company’s stock valued at $363,000 after purchasing an additional 4,340 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Energy Transfer by 3.3% during the fourth quarter. Arkadios Wealth Advisors now owns 28,250 shares of the pipeline company’s stock worth $390,000 after buying an additional 903 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

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.