Energy Transfer LP (NYSE:ET) Receives Consensus Rating of "Moderate Buy" from Analysts

Energy Transfer LP (NYSE:ET - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.55.

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A number of equities analysts recently issued reports on ET shares. Stifel Nicolaus raised their price target on Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a report on Tuesday. Royal Bank of Canada lifted their price objective on Energy Transfer from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, December 19th.

View Our Latest Stock Report on ET

Institutional Investors Weigh In On Energy Transfer

• Energy Transfer Fuels the Cloud: A Natural Gas Power Play

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in shares of Energy Transfer by 15.0% during the 3rd quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company's stock worth $5,567,000 after acquiring an additional 45,172 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $1,297,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of Energy Transfer by 4.0% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 7,586,598 shares of the pipeline company's stock worth $148,621,000 after acquiring an additional 293,088 shares in the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in shares of Energy Transfer by 164.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 60,566 shares of the pipeline company's stock worth $1,186,000 after purchasing an additional 37,633 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Energy Transfer by 30.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company's stock worth $3,885,000 after purchasing an additional 57,184 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

Energy Transfer Stock Down 1.2 %

ET opened at $17.48 on Friday. The business's 50-day simple moving average is $19.81 and its 200-day simple moving average is $18.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.88 and a current ratio of 1.12. Energy Transfer has a one year low of $14.87 and a one year high of $21.45. The stock has a market capitalization 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.

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Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Analysts anticipate that Energy Transfer will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

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

About Energy Transfer

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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