Energy Transfer LP (ET) To Go Ex-Dividend on November 7th

Energy Transfer LP (NYSE:ET) declared a quarterly dividend on Monday, October 29th, NASDAQ reports. Shareholders of record on Thursday, November 8th will be given a dividend of 0.305 per share by the pipeline company on Monday, November 19th. This represents a $1.22 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date of this dividend is Wednesday, November 7th.

ET opened at $15.97 on Tuesday. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 13.20 and a beta of 1.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.99 and a quick ratio of 0.76. Energy Transfer has a fifty-two week low of $12.80 and a fifty-two week high of $19.34.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, August 8th. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.13). The company had revenue of $14.12 billion for the quarter, compared to analysts’ expectations of $12.67 billion. Energy Transfer had a return on equity of 5.50% and a net margin of 2.60%. As a group, equities analysts anticipate that Energy Transfer will post 2 EPS for the current year.

ET has been the subject of a number of research reports. Raymond James reissued a “buy” rating and set a $20.00 target price on shares of Energy Transfer in a research note on Thursday, November 1st. ValuEngine cut shares of Energy Transfer from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st.

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About Energy Transfer

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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