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

Energy Transfer (NYSE:ET) had its target price raised by research analysts at Stifel Nicolaus from $21.00 to $23.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.96% from the company’s current price.

A number of other brokerages also recently commented on ET. 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 report on Wednesday, December 18th. Royal Bank of Canada lifted their target price on Energy Transfer from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays increased their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price objective on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Bank of America began coverage on Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.18.

Energy Transfer Stock Down 0.7 %

Shares of ET traded down $0.15 on Wednesday, reaching $19.67. The company’s stock had a trading volume of 4,868,193 shares, compared to its average volume of 17,061,426. The firm has a fifty day moving average of $19.73 and a 200-day moving average of $17.71. Energy Transfer has a twelve month low of $13.95 and a twelve month high of $21.45. The stock has a market capitalization of $67.33 billion, a PE ratio of 14.48, a PEG ratio of 0.52 and a beta of 1.69. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share 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%. Equities analysts predict that Energy Transfer will post 1.37 EPS for the current year.

Institutional Trading of Energy Transfer

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