Energy Transfer (NYSE:ET) Shares Down 0.9%

Energy Transfer LP (NYSE:ET) was down 0.9% on Wednesday . The company traded as low as $14.97 and last traded at $15.10. Approximately 22,004,915 shares traded hands during mid-day trading, an increase of 112% from the average daily volume of 10,364,834 shares. The stock had previously closed at $15.23.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ET shares. UBS Group lowered their price target on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Mizuho reiterated a “buy” rating and issued a $19.00 price target (up from $18.00) on shares of Energy Transfer in a report on Thursday. Finally, Citigroup upped their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Energy Transfer Stock Performance

The stock has a market capitalization of $52.31 billion, a P/E ratio of 14.24 and a beta of 1.64. The stock has a 50 day moving average of $15.16 and a 200 day moving average of $14.23. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $21.46 billion. During the same period in the prior year, the business earned $0.34 EPS. The firm’s revenue was up .2% on a year-over-year basis. Equities analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend was Tuesday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s payout ratio is 115.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management boosted its position in Energy Transfer by 33.9% during the 4th quarter. Activest Wealth Management now owns 2,909 shares of the pipeline company’s stock worth $40,000 after acquiring an additional 736 shares during the period. Hexagon Capital Partners LLC boosted its position in Energy Transfer by 7.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 10,155 shares of the pipeline company’s stock worth $160,000 after acquiring an additional 737 shares during the period. Veracity Capital LLC boosted its position in Energy Transfer by 2.3% during the 4th quarter. Veracity Capital LLC now owns 32,203 shares of the pipeline company’s stock worth $444,000 after acquiring an additional 738 shares during the period. Harbor Investment Advisory LLC boosted its position in Energy Transfer by 42.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,500 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 750 shares during the period. Finally, Ethos Financial Group LLC lifted its holdings in shares of Energy Transfer by 5.0% in the fourth quarter. Ethos Financial Group LLC now owns 15,866 shares of the pipeline company’s stock valued at $219,000 after buying an additional 753 shares during the period. Institutional investors and hedge funds 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.