Investors sold shares of Energy Transfer LP (NYSE:ET) on strength during trading hours on Monday. $21.16 million flowed into the stock on the tick-up and $89.88 million flowed out of the stock on the tick-down, for a money net flow of $68.72 million out of the stock. Of all equities tracked, Energy Transfer had the 14th highest net out-flow for the day. Energy Transfer traded up $0.31 for the day and closed at $15.97
Several brokerages have commented on ET. ValuEngine downgraded shares of Energy Transfer from a “sell” rating to a “strong sell” rating in a research note on Thursday. Raymond James reaffirmed a “buy” rating and issued a $20.00 target price on shares of Energy Transfer in a research note on Thursday.
The company has a current ratio of 0.99, a quick ratio of 0.76 and a debt-to-equity ratio of 1.46. The company has a market cap of $18.14 billion, a P/E ratio of 13.20 and a beta of 1.90.
Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, August 8th. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.13). Energy Transfer had a net margin of 2.60% and a return on equity of 5.50%. The firm had revenue of $14.12 billion during the quarter, compared to the consensus estimate of $12.67 billion. As a group, equities analysts predict that Energy Transfer LP will post 2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Thursday, November 8th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend is Wednesday, November 7th. Energy Transfer’s payout ratio is presently 100.83%.
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Energy Transfer Company Profile (NYSE:ET)
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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