Barclays Increases Energy Transfer (NYSE:ET) Price Target to $25.00

Energy Transfer (NYSE:ET) had its target price lifted by analysts at Barclays from $22.00 to $25.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Barclays‘s target price would indicate a potential upside of 25.69% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on ET. Bank of America started coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, UBS Group upped their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.82.

Energy Transfer Trading Up 2.2 %

NYSE:ET opened at $19.89 on Monday. Energy Transfer has a 12 month low of $13.60 and a 12 month high of $20.02. The company has a 50 day simple moving average of $18.85 and a two-hundred day simple moving average of $17.12. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. The company has a market cap of $68.10 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.70.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $21.59 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts forecast that Energy Transfer will post 1.32 earnings per share for the current year.

Institutional Trading of Energy Transfer

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in Energy Transfer by 15.0% in the 3rd quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company’s stock worth $5,567,000 after purchasing an additional 45,172 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Energy Transfer during the 4th quarter valued at about $1,297,000. Kingsview Wealth Management LLC raised its position in shares of Energy Transfer by 30.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company’s stock valued at $3,885,000 after buying an additional 57,184 shares in the last quarter. FMR LLC raised its position in shares of Energy Transfer by 44.0% during the 3rd quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock valued at $535,738,000 after buying an additional 10,195,768 shares in the last quarter. Finally, Clear Street Derivatives LLC purchased a new stake in shares of Energy Transfer during the 3rd quarter valued at about $2,565,000. Hedge funds and other 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.