Energy Transfer (NYSE:ET) Shares Down 0.1%

Energy Transfer LP (NYSE:ETGet Free Report) was down 0.1% during trading on Monday . The company traded as low as $15.62 and last traded at $15.71. Approximately 4,000,592 shares traded hands during trading, a decline of 68% from the average daily volume of 12,460,063 shares. The stock had previously closed at $15.73.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group reduced their price objective on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Citigroup upped their price objective on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.57.

Get Our Latest Analysis on ET

Energy Transfer Stock Performance

The stock has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $14.09. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37. The company has a market cap of $53.91 billion, a price-to-earnings ratio of 14.58 and a beta of 1.64.

Energy Transfer (NYSE:ETGet Free Report) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $20.53 billion for the quarter, compared to the consensus estimate of $21.46 billion. Energy Transfer had a return on equity of 12.17% and a net margin of 4.85%. Energy Transfer’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts predict that Energy Transfer LP will post 1.44 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were given a $0.315 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.88%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s payout ratio is currently 115.60%.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently modified their holdings of ET. Moneta Group Investment Advisors LLC increased its position in shares of Energy Transfer by 109,332.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 145,943,387 shares of the pipeline company’s stock valued at $1,732,348,000 after acquiring an additional 145,810,023 shares during the last quarter. First Reserve GP XIII Ltd acquired a new position in Energy Transfer during the fourth quarter worth approximately $322,097,000. Goldman Sachs Group Inc. increased its position in Energy Transfer by 28.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 81,532,518 shares of the pipeline company’s stock worth $1,125,149,000 after buying an additional 18,087,249 shares during the last quarter. Morgan Stanley increased its position in Energy Transfer by 20.9% during the fourth quarter. Morgan Stanley now owns 76,339,168 shares of the pipeline company’s stock worth $906,146,000 after buying an additional 13,220,435 shares during the last quarter. Finally, Alps Advisors Inc. increased its position in Energy Transfer by 14.5% during the third quarter. Alps Advisors Inc. now owns 73,666,501 shares of the pipeline company’s stock worth $1,033,541,000 after buying an additional 9,341,798 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

About Energy Transfer

(Get Free Report)

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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