Energy Transfer (NYSE:ET) Issues Earnings Results, Misses Estimates By $0.04 EPS

Energy Transfer (NYSE:ET) released its quarterly earnings data on Wednesday. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04), Briefing.com reports. Energy Transfer had a net margin of 4.85% and a return on equity of 12.17%. The business had revenue of $21.63 billion during the quarter, compared to analyst estimates of $20.91 billion. During the same period in the previous year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis.

Energy Transfer Trading Down 0.1 %

Shares of Energy Transfer stock traded down $0.02 on Thursday, hitting $16.23. The stock had a trading volume of 20,675,775 shares, compared to its average volume of 12,320,950. Energy Transfer has a twelve month low of $12.21 and a twelve month high of $16.40. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $54.68 billion, a P/E ratio of 14.89 and a beta of 1.63. The stock has a 50 day moving average of $15.55 and a 200 day moving average of $14.44.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a $0.317 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.81%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, May 10th. Energy Transfer’s dividend payout ratio is presently 116.51%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group decreased their price objective on shares of Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Stifel Nicolaus raised their price target on shares of Energy Transfer from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. Mizuho restated a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. Finally, Citigroup lifted their price target on shares of Energy Transfer from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.14.

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.