Energy Transfer (NYSE:ET) Reaches New 1-Year High at $15.74

Shares of Energy Transfer LP (NYSE:ETGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $15.74 and last traded at $15.68, with a volume of 1740372 shares. The stock had previously closed at $15.56.

Analyst Ratings Changes

Several research firms have recently weighed in on ET. Citigroup boosted their target price on shares of Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. UBS Group cut their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.57.

Check Out Our Latest Stock Report on ET

Energy Transfer Price Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The company has a fifty day moving average price of $14.61 and a 200 day moving average price of $14.00. The company has a market capitalization of $52.16 billion, a P/E ratio of 14.20 and a beta of 1.64.

Energy Transfer (NYSE:ETGet Free Report) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 12.17% and a net margin of 4.85%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. On average, sell-side analysts forecast that Energy Transfer LP will post 1.44 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were given a $0.315 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 6th. This represents a $1.26 annualized dividend and a yield of 8.14%. Energy Transfer’s dividend payout ratio is 115.60%.

Institutional Investors Weigh In On Energy Transfer

A number of hedge funds have recently made changes to their positions in the business. Northwest Financial Advisors acquired a new stake in shares of Energy Transfer in the 4th quarter worth approximately $25,000. Rise Advisors LLC boosted its stake in 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 purchasing an additional 927 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Energy Transfer during the 1st quarter valued at $25,000. Tsfg LLC raised its stake in shares of Energy Transfer by 86.8% in the 3rd quarter. Tsfg LLC now owns 2,152 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Finally, IMA Wealth Inc. lifted its holdings in shares of Energy Transfer by 100.0% in the second quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock valued at $30,000 after buying an additional 1,200 shares during the period. Institutional investors own 38.22% of the company’s stock.

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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