ValuEngine upgraded shares of Energy Transfer LP Unit (NYSE:ET) from a strong sell rating to a sell rating in a report published on Monday, February 4th.
ET has been the subject of a number of other research reports. BMO Capital Markets reaffirmed a buy rating and set a $18.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, December 6th. Robert W. Baird reaffirmed a buy rating and set a $21.00 target price on shares of Energy Transfer LP Unit in a report on Wednesday, December 5th. Citigroup started coverage on Energy Transfer LP Unit in a report on Thursday, November 29th. They set a buy rating for the company. Finally, Raymond James reaffirmed a buy rating and set a $20.00 target price on shares of Energy Transfer LP Unit in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $19.75.
NYSE ET traded up $0.19 during trading on Monday, hitting $14.98. The company’s stock had a trading volume of 10,593,126 shares, compared to its average volume of 10,532,272. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.53 and a current ratio of 0.74. The company has a market cap of $17.35 billion, a PE ratio of 13.03, a P/E/G ratio of 0.51 and a beta of 1.75. Energy Transfer LP Unit has a fifty-two week low of $11.68 and a fifty-two week high of $19.19.
Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings results on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $13.57 billion during the quarter, compared to analyst estimates of $14.67 billion. Energy Transfer LP Unit had a return on equity of 6.19% and a net margin of 3.18%. Energy Transfer LP Unit’s revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts predict that Energy Transfer LP Unit will post 1.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 19th. Investors of record on Friday, February 8th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 8.14%. The ex-dividend date was Thursday, February 7th. Energy Transfer LP Unit’s dividend payout ratio is currently 106.09%.
In related news, CFO Thomas E. Long purchased 24,500 shares of Energy Transfer LP Unit stock in a transaction that occurred on Monday, December 24th. The stock was bought at an average cost of $12.05 per share, for a total transaction of $295,225.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is currently owned by company insiders.
Energy Transfer LP Unit Company Profile
Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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