Energy Transfer (NYSE:ET – Get Free Report) released its earnings results on Wednesday. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01), Briefing.com reports. Energy Transfer had a return on equity of 12.22% and a net margin of 4.85%. The business had revenue of $20.73 billion for the quarter, compared to analysts’ expectations of $22.01 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year.
Energy Transfer Trading Down 1.7 %
Shares of NYSE ET traded down $0.26 during trading hours on Friday, hitting $15.66. 36,043,393 shares of the company traded hands, compared to its average volume of 13,403,997. The company’s 50 day moving average price is $15.95 and its 200 day moving average price is $15.50. Energy Transfer has a 12 month low of $12.46 and a 12 month high of $16.50. The stock has a market capitalization of $52.77 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.42 and a beta of 1.66. The company has a current ratio of 1.18, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37.
Energy Transfer Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 9th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 8.17%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, August 9th. Energy Transfer’s dividend payout ratio (DPR) is presently 117.43%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Energy Transfer
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.
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