Energy Transfer (NYSE:ET) Trading 1.7% Higher – What’s Next?

Energy Transfer LP (NYSE:ET)’s share price rose 1.7% on Monday . The company traded as high as $19.02 and last traded at $18.92. Approximately 3,201,763 shares changed hands during trading, a decline of 78% from the average daily volume of 14,477,267 shares. The stock had previously closed at $18.60.

Analyst Ratings Changes

Several brokerages have commented on ET. Barclays boosted their price objective 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. Stifel Nicolaus boosted their target price on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Tuesday, March 4th. 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. Finally, The Goldman Sachs Group boosted their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.55.

Energy Transfer Trading Up 1.5 %

The company has a market cap of $64.76 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The firm has a 50-day moving average of $19.57 and a 200 day moving average of $18.29. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data 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 net margin of 5.74% and a return on equity of 11.56%. On average, analysts predict that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.89%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 7th. Energy Transfer’s dividend payout ratio is presently 101.56%.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mascagni Wealth Management Inc. acquired a new position in shares of Energy Transfer during the fourth quarter valued at about $50,000. Chancellor Financial Group WB LP purchased a new stake in shares of Energy Transfer in the fourth quarter worth approximately $303,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Energy Transfer by 6.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 764,632 shares of the pipeline company’s stock valued at $14,979,000 after purchasing an additional 45,809 shares in the last quarter. Alpha Wealth Funds LLC purchased a new position in shares of Energy Transfer during the fourth quarter valued at approximately $2,143,000. Finally, Jefferies Financial Group Inc. boosted its position in shares of Energy Transfer by 125.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 469,227 shares of the pipeline company’s stock valued at $9,192,000 after buying an additional 260,700 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

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.