Energy Transfer (NYSE:ET) Given New $19.00 Price Target at Stifel Nicolaus

Energy Transfer (NYSE:ET) had its target price upped by analysts at Stifel Nicolaus from $18.00 to $19.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 17.87% from the stock’s previous close.

Several other equities research analysts have also commented on ET. UBS Group cut their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Mizuho reiterated a “buy” rating and set a $19.00 price objective (up from $18.00) on shares of Energy Transfer in a research note on Thursday, April 18th. Finally, Citigroup upped their price target on Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and a consensus price target of $18.14.

Energy Transfer Price Performance

ET stock traded down $0.13 during trading on Thursday, hitting $16.12. The stock had a trading volume of 3,963,606 shares, compared to its average volume of 12,120,178. Energy Transfer has a twelve month low of $12.21 and a twelve month high of $16.40. The company’s 50-day moving average price is $15.52 and its two-hundred day moving average price is $14.43. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $54.31 billion, a P/E ratio of 14.80 and a beta of 1.63.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). Energy Transfer had a return on equity of 12.17% 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. Energy Transfer’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts predict that Energy Transfer will post 1.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Northwest Financial Advisors acquired a new position in Energy Transfer during the fourth quarter worth $25,000. Rise Advisors LLC lifted its stake in Energy Transfer by 88.2% during the fourth quarter. Rise Advisors LLC now owns 1,978 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 927 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in Energy Transfer during the fourth quarter worth $33,000. Harbor Investment Advisory LLC lifted its stake in Energy Transfer by 42.9% during the fourth 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 in the last quarter. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in Energy Transfer during the fourth quarter worth $34,000. 38.22% of the stock is currently owned by hedge funds and other 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.