Energy Transfer (NYSE:ET) Posts Earnings Results, Misses Expectations By $0.06 EPS

Energy Transfer (NYSE:ET) posted its quarterly earnings results on Tuesday. The pipeline company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06), Zacks reports. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%.

Energy Transfer Trading Down 0.6 %

Shares of ET stock opened at $19.70 on Thursday. Energy Transfer has a fifty-two week low of $13.95 and a fifty-two week high of $21.45. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The stock has a 50-day simple moving average of $19.73 and a 200 day simple moving average of $17.71. The stock has a market capitalization of $67.45 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.52 and a beta of 1.69.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be issued a dividend of $0.325 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 7th. This represents a $1.30 annualized dividend and a yield of 6.60%. Energy Transfer’s payout ratio is presently 94.85%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America initiated coverage on Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays raised their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company upped their target price on Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price target 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 issued a buy rating to the stock. Based on data from MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and an average target price of $21.18.

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.