Energy Transfer (NYSE:ET) Issues Quarterly Earnings Results

Energy Transfer (NYSE:ETGet Free Report) issued its earnings results on Wednesday. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04), reports. Energy Transfer had a net margin of 4.85% and a return on equity of 12.44%. The company had revenue of $21.63 billion during the quarter, compared to analysts’ expectations of $20.91 billion. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share.

Energy Transfer Stock Up 0.2 %

Energy Transfer stock traded up $0.03 during midday trading on Friday, hitting $15.94. 15,174,465 shares of the stock were exchanged, compared to its average volume of 12,407,324. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50 day moving average price of $15.58 and a two-hundred day moving average price of $14.46. The firm has a market cap of $53.71 billion, a P/E ratio of 14.63 and a beta of 1.63. Energy Transfer has a 1 year low of $12.21 and a 1 year high of $16.40.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be given a dividend of $0.317 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Friday, May 10th. Energy Transfer’s payout ratio is presently 115.60%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ET. Mizuho reaffirmed a “buy” rating and issued a $19.00 price target (up previously from $18.00) on shares of Energy Transfer in a report on Thursday, April 18th. UBS Group lowered their target price on Energy Transfer from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Citigroup boosted their price target on Energy Transfer from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus increased their price objective on Energy Transfer from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and an average price target of $18.14.

View Our Latest Stock Analysis on ET

About Energy Transfer

(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.

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Earnings History for Energy Transfer (NYSE:ET)

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