Energy Transfer LP Unit (NYSE:ET) Receives $20.11 Consensus PT from Analysts

Energy Transfer LP Unit (NYSE:ET) has received an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.11.

ET has been the subject of several recent research reports. Citigroup set a $20.00 target price on Energy Transfer LP Unit and gave the company a “buy” rating in a report on Monday, August 12th. Robert W. Baird decreased their price target on shares of Energy Transfer LP Unit from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. TheStreet lowered shares of Energy Transfer LP Unit from a “b-” rating to a “c+” rating in a research note on Monday, October 21st. Raymond James reiterated an “average” rating and issued a $19.00 price target on shares of Energy Transfer LP Unit in a research note on Friday, September 6th. Finally, Evercore ISI set a $18.00 price target on shares of Energy Transfer LP Unit and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC bought a new position in Energy Transfer LP Unit during the 1st quarter valued at about $16,012,000. First Trust Advisors LP purchased a new stake in shares of Energy Transfer LP Unit in the first quarter valued at approximately $4,660,000. Neville Rodie & Shaw Inc. purchased a new stake in shares of Energy Transfer LP Unit in the second quarter valued at approximately $616,000. Private Trust Co. NA purchased a new stake in shares of Energy Transfer LP Unit in the second quarter valued at approximately $681,000. Finally, Baystate Wealth Management LLC purchased a new stake in shares of Energy Transfer LP Unit in the second quarter valued at approximately $131,000. Institutional investors and hedge funds own 55.42% of the company’s stock.

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Shares of NYSE:ET traded up $0.11 during trading on Thursday, hitting $12.22. 19,153,593 shares of the company traded hands, compared to its average volume of 11,097,246. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 10.63 and a beta of 1.53. The business’s fifty day moving average is $12.78 and its 200-day moving average is $13.92. Energy Transfer LP Unit has a one year low of $11.68 and a one year high of $15.98. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 1.48.

Energy Transfer LP Unit (NYSE:ET) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05). The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $14.54 billion. Energy Transfer LP Unit had a net margin of 4.99% and a return on equity of 9.10%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, analysts forecast that Energy Transfer LP Unit will post 1.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.22 dividend on an annualized basis and a yield of 9.98%. Energy Transfer LP Unit’s dividend payout ratio (DPR) is currently 106.09%.

Energy Transfer LP Unit Company Profile

Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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Analyst Recommendations for Energy Transfer LP Unit (NYSE:ET)

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