1 day Ago By ABMN Staff
Energy Transfer LP ( NYSE:ET – Get Free Report ) shot up 0.1% during mid-day trading on Monday . The stock traded as high as $16.
26 and last traded at $16.19. 1,704,474 shares changed hands during trading, a decline of 87% from the average session volume of 13,294,926 shares.
The stock had previously closed at $16.17. Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on ET shares.
JPMorgan Chase & Co. raised their price objective on Energy Transfer from $19.00 to $20.
00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Mizuho raised their price target on shares of Energy Transfer from $19.00 to $20.
00 and gave the company a “buy” rating in a report on Tuesday, June 18th. UBS Group boosted their price objective on shares of Energy Transfer from $22.00 to $23.
00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley raised their target price on shares of Energy Transfer from $19.00 to $20.
00 and gave the company an “overweight” rating in a research note on Monday, June 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.
com, the stock has an average rating of “Moderate Buy” and an average target price of $19.14. View Our Latest Analysis on Energy Transfer Energy Transfer Trading Up 0.
6 % Energy Transfer ( NYSE:ET – Get Free Report ) last released its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
36 by ($0.01). Energy Transfer had a return on equity of 12.
74% and a net margin of 5.19%. The business had revenue of $20.
73 billion during the quarter, compared to analyst estimates of $22.01 billion. During the same quarter in the previous year, the company earned $0.
25 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year.
As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.4 earnings per share for the current year. Energy Transfer Increases Dividend The business also recently announced a quarterly dividend, which was paid on Monday, August 19th.
Investors of record on Friday, August 9th were issued a dividend of $0.32 per share. This represents a $1.
28 annualized dividend and a yield of 7.95%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.
32. The ex-dividend date was Friday, August 9th. Energy Transfer’s dividend payout ratio (DPR) is 117.
43%. Insider Buying and Selling at Energy Transfer In other news, Director Kelcy L. Warren purchased 3,000,000 shares of the stock in a transaction that occurred on Monday, August 12th.
The shares were purchased at an average cost of $15.68 per share, with a total value of $47,040,000.00.
Following the completion of the acquisition, the director now owns 123,385,650 shares of the company’s stock, valued at approximately $1,934,686,992. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In other Energy Transfer news, Director Kelcy L.
Warren purchased 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $15.68 per share, for a total transaction of $47,040,000.
00. Following the purchase, the director now directly owns 123,385,650 shares in the company, valued at $1,934,686,992. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Also, EVP Gregory G. Mcilwain purchased 20,000 shares of Energy Transfer stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $15.
68 per share, with a total value of $313,600.00. Following the acquisition, the executive vice president now directly owns 591,211 shares in the company, valued at approximately $9,270,188.
48. The disclosure for this purchase can be found here . Over the last ninety days, insiders purchased 3,040,000 shares of company stock valued at $47,667,200.
3.28% of the stock is owned by company insiders. Institutional Investors Weigh In On Energy Transfer Several institutional investors and hedge funds have recently added to or reduced their stakes in ET.
LRI Investments LLC purchased a new stake in Energy Transfer during the 1st quarter worth approximately $29,000. HWG Holdings LP acquired a new position in Energy Transfer in the 2nd quarter valued at $33,000. Ables Iannone Moore & Associates Inc.
purchased a new position in Energy Transfer in the 4th quarter valued at $34,000. Adirondack Trust Co. acquired a new stake in Energy Transfer during the 4th quarter worth $42,000.
Finally, EdgeRock Capital LLC purchased a new stake in shares of Energy Transfer during the second quarter worth $42,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.
Energy Transfer Company Profile ( Get Free Report ) 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.
Further Reading Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter ..
