Energy Transfer (NYSE:ET) Shares Down 1.9% – What’s Next?

Shares of Energy Transfer LP (NYSE:ET) traded down 1.9% on Wednesday . The company traded as low as $18.16 and last traded at $18.13. 4,787,445 shares were traded during trading, a decline of 72% from the average session volume of 16,893,980 shares. The stock had previously closed at $18.47.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ET shares. Royal Bank of Canada raised their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Tuesday. Barclays lifted their price objective 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. Stifel Nicolaus upped their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their price target on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.55.

Energy Transfer Price Performance

The stock has a market cap of $59.97 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The company has a quick ratio of 0.88, a current ratio of 1.12 and a debt-to-equity ratio of 1.42. The business’s 50-day simple moving average is $19.84 and its two-hundred day simple moving average is $18.08.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Sell-side analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Friday, February 7th were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.44%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 7th. Energy Transfer’s payout ratio is presently 101.56%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Alpha Wealth Funds LLC bought a new stake in shares of Energy Transfer during the fourth quarter valued at about $2,143,000. Jefferies Financial Group Inc. grew its stake in 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 acquiring an additional 260,700 shares in the last quarter. Carolinas Wealth Consulting LLC increased its holdings in Energy Transfer by 27.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 4,957 shares of the pipeline company’s stock worth $97,000 after acquiring an additional 1,073 shares during the period. Capital A Wealth Management LLC purchased a new stake in Energy Transfer in the 4th quarter worth approximately $26,000. Finally, Leigh Baldwin & CO. LLC bought a new position in Energy Transfer in the 4th quarter valued at $244,000. 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.