Energy Transfer (NYSE:ET) Stock Price Down 0.4%

Energy Transfer LP (NYSE:ET) shares traded down 0.4% during mid-day trading on Friday . The stock traded as low as $15.86 and last traded at $15.88. 1,613,009 shares were traded during trading, a decline of 87% from the average session volume of 12,235,557 shares. The stock had previously closed at $15.94.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group decreased their target price 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. Citigroup increased their target price on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Mizuho reissued a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Energy Transfer Stock Up 0.1 %

The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $53.76 billion, a price-to-earnings ratio of 14.57 and a beta of 1.64. The business has a 50-day simple moving average of $15.33 and a 200-day simple moving average of $14.31.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company 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%. Energy Transfer’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. On average, equities analysts anticipate that Energy Transfer LP will post 1.48 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be issued a $0.317 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.95%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio is presently 115.60%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. grew its stake in Energy Transfer by 14.5% during the 3rd quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock worth $1,033,541,000 after buying an additional 9,341,798 shares during the last quarter. UBS Group AG grew its stake in Energy Transfer by 13.3% during the 4th quarter. UBS Group AG now owns 28,642,769 shares of the pipeline company’s stock worth $395,270,000 after buying an additional 3,368,427 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Energy Transfer by 38.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,621,485 shares of the pipeline company’s stock worth $353,576,000 after buying an additional 7,097,074 shares during the last quarter. Clearbridge Investments LLC grew its stake in Energy Transfer by 18.5% during the 4th quarter. Clearbridge Investments LLC now owns 25,423,547 shares of the pipeline company’s stock worth $350,845,000 after buying an additional 3,976,676 shares during the last quarter. Finally, First Reserve GP XIII Ltd purchased a new position in Energy Transfer during the 4th quarter worth approximately $322,097,000. Hedge funds and other institutional investors 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.