Energy Transfer (NYSE:ET) Receives Buy Rating from Mizuho

Energy Transfer (NYSE:ET)‘s stock had its “buy” rating reaffirmed by Mizuho in a research note issued to investors on Thursday, Benzinga reports. They presently have a $19.00 price objective on the pipeline company’s stock, up from their previous price objective of $18.00. Mizuho’s target price suggests a potential upside of 20.52% from the company’s current price.

Several other research firms also recently weighed in on ET. UBS Group reduced their price target on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Citigroup increased their price objective on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Energy Transfer Stock Up 1.5 %

ET opened at $15.77 on Thursday. Energy Transfer has a twelve month low of $12.18 and a twelve month high of $16.04. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $15.19 and a 200 day moving average price of $14.24. The company has a market cap of $53.12 billion, a PE ratio of 14.46 and a beta of 1.64.

Energy Transfer (NYSE:ET) last released its quarterly 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. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts expect that Energy Transfer will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently made changes to their positions in ET. Northwest Financial Advisors acquired a new stake in shares of Energy Transfer during the 4th quarter worth approximately $25,000. VitalStone Financial LLC increased its holdings in shares of Energy Transfer by 100.0% during the 1st quarter. VitalStone Financial LLC now owns 3,000 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,500 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Energy Transfer during the 1st quarter worth approximately $25,000. Rise Advisors LLC increased 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 worth $27,000 after buying an additional 927 shares during the last quarter. Finally, IMA Wealth Inc. increased its holdings in shares of Energy Transfer by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 2,400 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

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.