Energy Transfer (NYSE:ET) PT Raised to $20.00

Energy Transfer (NYSE:ET) had its target price raised by stock analysts at Mizuho from $19.00 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the pipeline company’s stock. Mizuho’s target price indicates a potential upside of 30.55% from the company’s previous close.

Other equities analysts have also issued reports about the company. Citigroup increased their price objective on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus raised their price target on Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. UBS Group raised their price target on Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Morgan Stanley raised their price target on Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Energy Transfer Price Performance

Shares of ET opened at $15.32 on Tuesday. Energy Transfer has a 52-week low of $12.46 and a 52-week high of $16.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.00 and a current ratio of 1.18. The business’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $14.87. The firm has a market cap of $51.63 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.63.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $21.63 billion during the quarter, compared to the consensus estimate of $20.91 billion. Energy Transfer had a net margin of 4.85% and a return on equity of 12.22%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, equities analysts anticipate that Energy Transfer will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ET. Alps Advisors Inc. boosted its position 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 valued at $1,033,541,000 after acquiring an additional 9,341,798 shares in the last quarter. UBS Group AG boosted its position 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 valued at $395,270,000 after acquiring an additional 3,368,427 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position 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 valued at $353,576,000 after acquiring an additional 7,097,074 shares in the last quarter. Clearbridge Investments LLC boosted its position 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 valued at $350,845,000 after acquiring an additional 3,976,676 shares in the last quarter. Finally, First Reserve GP XIII Ltd purchased a new stake in shares of Energy Transfer during the 4th quarter valued at $322,097,000. Institutional investors own 38.22% of the company’s stock.

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.