Energy Transfer LP (NYSE:ET) Director Richard D. Brannon acquired 100,000 shares of Energy Transfer stock in a transaction that occurred on Tuesday, September 11th. The shares were purchased at an average cost of $17.68 per share, for a total transaction of $1,768,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Energy Transfer stock opened at $15.90 on Wednesday. Energy Transfer LP has a fifty-two week low of $12.80 and a fifty-two week high of $19.34. The company has a market cap of $18.14 billion, a P/E ratio of 13.14 and a beta of 1.90. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.76 and a current ratio of 0.99.
Energy Transfer (NYSE:ET) last released its quarterly earnings data on Wednesday, August 8th. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.13). The firm had revenue of $14.12 billion for the quarter, compared to the consensus estimate of $12.67 billion. Energy Transfer had a return on equity of 5.50% and a net margin of 2.60%. Analysts expect that Energy Transfer LP will post 2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $1.22 annualized dividend and a yield of 7.67%. Energy Transfer’s dividend payout ratio (DPR) is currently 100.83%.
Several research analysts recently weighed in on the stock. ValuEngine lowered shares of Energy Transfer from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Raymond James reissued a “buy” rating and set a $20.00 price objective on shares of Energy Transfer in a research note on Thursday, November 1st.
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Energy Transfer Company Profile
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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