Energy Transfer (NYSE:ET) Trading 0.1% Higher

Energy Transfer LP (NYSE:ET) traded up 0.1% on Monday . The company traded as high as $16.38 and last traded at $16.24. 3,023,374 shares traded hands during trading, a decline of 74% from the average session volume of 11,821,421 shares. The stock had previously closed at $16.22.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. UBS Group lifted their target price on shares of Energy Transfer from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Morgan Stanley lifted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. Finally, Stifel Nicolaus lifted their price target on shares of Energy Transfer from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and an average target price of $19.29.

Energy Transfer Trading Up 0.2 %

The firm has a market capitalization of $55.27 billion, a PE ratio of 15.05, a PEG ratio of 0.44 and a beta of 1.66. The firm’s fifty day moving average is $15.74 and its two-hundred day moving average is $15.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.18 and a quick ratio of 1.00.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The firm had revenue of $21.63 billion for the quarter, compared to analysts’ expectations of $20.91 billion. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts predict that Energy Transfer LP will post 1.45 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a dividend of $0.317 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend was Friday, May 10th. Energy Transfer’s dividend payout ratio is currently 116.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Financial Advisors purchased a new stake in Energy Transfer in the 4th quarter worth approximately $25,000. LRI Investments LLC bought a new stake in Energy Transfer in the 1st quarter worth $29,000. Rise Advisors LLC grew its holdings in Energy Transfer by 88.2% in the 4th quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 927 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in Energy Transfer in the 4th quarter worth $33,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Energy Transfer by 42.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 750 shares during the period. 38.22% of the stock is owned by institutional investors.

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.