Energy Transfer LP (NYSE:ET - Get Free Report) was up 0.4% on Thursday . The stock traded as high as $19.38 and last traded at $19.25. Approximately 2,412,346 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 13,650,163 shares. The stock had previously closed at $19.18.
Several brokerages have recently issued reports on ET. Royal Bank of Canada lifted their price target on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday. UBS Group lifted their price target on Energy Transfer from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Finally, Bank of America began coverage on Energy Transfer in a research note on Thursday, October 17th. They issued a "buy" rating and a $20.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $20.38.
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The stock has a market capitalization of $65.94 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.63 and a beta of 1.70. The company has a fifty day simple moving average of $17.47 and a 200 day simple moving average of $16.48. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08.
Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Equities research analysts forecast that Energy Transfer LP will post 1.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were paid a $0.3225 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Friday, November 8th. Energy Transfer's dividend payout ratio is 94.85%.
A number of institutional investors have recently added to or reduced their stakes in the company. FFG Partners LLC raised its stake in Energy Transfer by 3.3% during the 3rd quarter. FFG Partners LLC now owns 1,636,626 shares of the pipeline company's stock worth $26,268,000 after buying an additional 52,302 shares during the period. Fidelity D & D Bancorp Inc. acquired a new position in Energy Transfer during the 3rd quarter worth approximately $1,207,000. Peapack Gladstone Financial Corp raised its stake in Energy Transfer by 6.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 15,675 shares of the pipeline company's stock worth $251,000 after buying an additional 1,000 shares during the period. Synovus Financial Corp raised its stake in Energy Transfer by 69.8% during the 3rd quarter. Synovus Financial Corp now owns 84,530 shares of the pipeline company's stock worth $1,357,000 after buying an additional 34,749 shares during the period. Finally, Tidal Investments LLC raised its stake in Energy Transfer by 1.2% during the 3rd quarter. Tidal Investments LLC now owns 101,738 shares of the pipeline company's stock worth $1,633,000 after buying an additional 1,248 shares during the period. 38.22% of the stock is owned by institutional investors and hedge funds.
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.
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