Energy Transfer (NYSE:ET) Trading Down 0.6% – Should You Sell?

Energy Transfer LP (NYSE:ET) shares traded down 0.6% during mid-day trading on Monday . The stock traded as low as $18.22 and last traded at $18.61. 4,306,615 shares changed hands during trading, a decline of 70% from the average session volume of 14,551,229 shares. The stock had previously closed at $18.71.

Wall Street Analyst Weigh In

Several analysts have weighed in on ET shares. Wells Fargo & Company boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Barclays upped their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. The Goldman Sachs Group raised their price target 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. Morgan Stanley upped their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus raised their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average price target of $22.09.

Energy Transfer Price Performance

The stock has a market cap of $64.25 billion, a PE ratio of 14.63, a P/E/G ratio of 0.64 and a beta of 1.72. The business has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $18.43. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Research analysts forecast that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were given a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio (DPR) is 101.56%.

Institutional Investors Weigh In On Energy Transfer

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. purchased a new position in shares of Energy Transfer in the 4th quarter worth about $25,000. Capital A Wealth Management LLC bought a new stake in Energy Transfer during the 4th quarter valued at about $26,000. GAMMA Investing LLC purchased a new position in Energy Transfer in the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC bought a new position in shares of Energy Transfer in the fourth quarter worth approximately $29,000. Finally, United Community Bank bought a new position in shares of Energy Transfer in the fourth quarter worth approximately $35,000. 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.