Energy Transfer (NYSE:ET) Posts Earnings Results, Misses Expectations By $0.06 EPS

Energy Transfer (NYSE:ET) posted its quarterly earnings data on Tuesday. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06), Zacks reports. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%.

Energy Transfer Price Performance

Shares of ET stock opened at $19.70 on Thursday. The company has a market capitalization of $67.45 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.52 and a beta of 1.69. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. Energy Transfer has a 12 month low of $13.95 and a 12 month high of $21.45. The stock has a 50 day moving average of $19.73 and a two-hundred day moving average of $17.71.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Friday, February 7th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.60%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 7th. Energy Transfer’s payout ratio is currently 94.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ET shares. Barclays lifted their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus increased their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Bank of America started coverage on Energy Transfer in a research report on Thursday, October 17th. They issued a “buy” rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.18.

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.