Energy Transfer (NYSE:ET) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Energy Transfer (NYSE:ET) had its price objective boosted by equities research analysts at Stifel Nicolaus from $21.00 to $23.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 15.96% from the company’s previous close.

A number of other analysts also recently commented on the stock. 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 target on the stock. Royal Bank of Canada boosted their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Wells Fargo & Company increased their price target on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Barclays lifted their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.18.

Energy Transfer Stock Performance

Shares of ET stock opened at $19.84 on Wednesday. Energy Transfer has a 12-month low of $13.99 and a 12-month high of $21.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The firm has a market capitalization of $67.91 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.52 and a beta of 1.69. The business has a 50 day simple moving average of $19.75 and a 200 day simple moving average of $17.72.

Energy Transfer (NYSE:ET) last released 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 12.38% and a net margin of 5.90%. On average, equities research analysts anticipate that Energy Transfer will post 1.37 EPS for the current year.

Institutional Investors Weigh In On Energy Transfer

A number of large investors have recently made changes to their positions in ET. CWM LLC raised its stake in Energy Transfer by 60.6% during the 3rd quarter. CWM LLC now owns 98,436 shares of the pipeline company’s stock valued at $1,580,000 after purchasing an additional 37,136 shares during the period. Wesbanco Bank Inc. raised its position in Energy Transfer by 48.9% during the third quarter. Wesbanco Bank Inc. now owns 36,521 shares of the pipeline company’s stock valued at $586,000 after buying an additional 12,000 shares during the period. Creative Planning lifted its stake in Energy Transfer by 16.9% in the 3rd quarter. Creative Planning now owns 796,099 shares of the pipeline company’s stock worth $12,777,000 after acquiring an additional 115,081 shares in the last quarter. NBC Securities Inc. boosted its position in Energy Transfer by 6.8% during the 3rd quarter. NBC Securities Inc. now owns 68,738 shares of the pipeline company’s stock worth $1,103,000 after acquiring an additional 4,381 shares during the period. Finally, Magnus Financial Group LLC grew its stake in Energy Transfer by 19.0% during the 3rd quarter. Magnus Financial Group LLC now owns 21,455 shares of the pipeline company’s stock valued at $344,000 after acquiring an additional 3,429 shares in the last quarter. Institutional investors and hedge funds 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.