Energy Transfer (NYSE:ET) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Energy Transfer (NYSE:ET) released its quarterly earnings data on Wednesday. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04), Briefing.com reports. The company had revenue of $21.63 billion for the quarter, compared to analyst estimates of $20.91 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share.

Energy Transfer Price Performance

Shares of NYSE:ET opened at $15.92 on Friday. The company has a market capitalization of $53.64 billion, a PE ratio of 14.89 and a beta of 1.63. 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 business has a fifty day moving average price of $15.55 and a 200-day moving average price of $14.44. Energy Transfer has a 1-year low of $12.21 and a 1-year high of $16.40.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.317 per share. The ex-dividend date is Friday, May 10th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 annualized dividend and a dividend yield of 7.96%. Energy Transfer’s payout ratio is currently 116.51%.

Analysts Set New Price Targets

ET has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup lifted their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Mizuho reissued a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Finally, UBS Group lowered their price target on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.14.

About Energy Transfer

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.