Energy Transfer LP (NYSE:ET) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Energy Transfer LP (NYSE:ETGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.60.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their target price on Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Barclays reaffirmed an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Energy Transfer in a report on Wednesday, February 18th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Wednesday, January 7th. Finally, Morgan Stanley upped their target price on Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th.

Check Out Our Latest Stock Report on ET

Hedge Funds Weigh In On Energy Transfer

Several institutional investors have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc. grew its holdings in shares of Energy Transfer by 4.9% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 12,007 shares of the pipeline company’s stock valued at $216,000 after acquiring an additional 560 shares in the last quarter. Marks Wealth LLC grew its holdings in Energy Transfer by 4.7% during the fourth quarter. Marks Wealth LLC now owns 12,560 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 560 shares during the period. Avos Capital Management LLC grew its holdings in Energy Transfer by 0.8% during the fourth quarter. Avos Capital Management LLC now owns 76,695 shares of the pipeline company’s stock valued at $1,265,000 after purchasing an additional 583 shares during the period. SP Asset Management LLC grew its holdings in Energy Transfer by 2.0% during the fourth quarter. SP Asset Management LLC now owns 30,631 shares of the pipeline company’s stock valued at $505,000 after purchasing an additional 589 shares during the period. Finally, Gables Capital Management Inc. grew its holdings in Energy Transfer by 60.0% during the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 600 shares during the period. 38.22% of the stock is owned by institutional investors.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $18.85 on Monday. The company has a market cap of $64.83 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. Energy Transfer has a 52 week low of $15.80 and a 52 week high of $19.85. The business has a 50 day moving average price of $18.85 and a 200-day moving average price of $17.58. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ETGet Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $25.32 billion during the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Equities 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 Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a $0.335 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. Energy Transfer’s dividend payout ratio is currently 110.74%.

Key Headlines Impacting Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

About Energy Transfer

(Get Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

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Analyst Recommendations for Energy Transfer (NYSE:ET)

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