Energy Transfer LP (NYSE:ET) Receives $22.09 Average Price Target from Brokerages

Shares of Energy Transfer LP (NYSE:ET) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.09.

Several research analysts have recently issued reports on ET shares. Barclays upped their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Stifel Nicolaus increased their target price on Energy Transfer from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price target on shares of Energy Transfer in a research note on Tuesday, March 25th. Wells Fargo & Company increased 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. Finally, Citigroup reissued a “buy” rating on shares of Energy Transfer in a research report on Monday, March 24th.

Energy Transfer Stock Down 1.5 %

Shares of NYSE:ET opened at $15.92 on Thursday. Energy Transfer has a 12-month low of $14.60 and a 12-month high of $21.45. The stock has a market capitalization of $54.61 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.64 and a beta of 1.32. The stock has a fifty day simple moving average of $19.10 and a two-hundred day simple moving average of $18.46. 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 posted its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) 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%. On average, research analysts anticipate that Energy Transfer will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced 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 represents a $1.30 annualized dividend and a yield of 8.17%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s payout ratio is 101.56%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. bought a new position in Energy Transfer in the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in shares of Energy Transfer during the 4th quarter valued at about $26,000. GAMMA Investing LLC purchased a new position in Energy Transfer during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC bought a new position in Energy Transfer in the 4th quarter worth $29,000. Finally, United Community Bank purchased a new stake in Energy Transfer in the 4th quarter worth $35,000. 38.22% of the stock is currently owned by institutional investors.

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.