ET has been the topic of a number of other reports. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday. Raymond James set a $29.00 target price on Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, Citigroup set a $86.00 target price on Prologis and gave the stock a “buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $19.50.
ET stock opened at $14.97 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.81. The firm has a market cap of $39.16 billion, a price-to-earnings ratio of 13.02 and a beta of 1.55. Energy Transfer LP Unit has a 1-year low of $11.68 and a 1-year high of $19.19. The business’s 50 day simple moving average is $14.32.
Energy Transfer LP Unit (NYSE:ET) last posted its earnings results on Wednesday, May 8th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $13.12 billion for the quarter, compared to analyst estimates of $14.39 billion. Energy Transfer LP Unit had a return on equity of 7.61% and a net margin of 4.03%. Energy Transfer LP Unit’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Energy Transfer LP Unit will post 1.44 EPS for the current fiscal year.
In other Energy Transfer LP Unit news, EVP Thomas P. Mason sold 75,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $13.97, for a total value of $1,047,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael K. Grimm acquired 3,888 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $14.14 per share, for a total transaction of $54,976.32. The disclosure for this purchase can be found here. 3.28% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. acquired a new position in Energy Transfer LP Unit in the 1st quarter valued at $1,417,810,000. OppenheimerFunds Inc. acquired a new position in Energy Transfer LP Unit in the 1st quarter valued at $938,384,000. Alps Advisors Inc. acquired a new position in Energy Transfer LP Unit in the 1st quarter valued at $928,701,000. Kayne Anderson Capital Advisors LP acquired a new position in Energy Transfer LP Unit in the 1st quarter valued at $660,951,000. Finally, CIBC Private Wealth Group LLC acquired a new position in Energy Transfer LP Unit in the 1st quarter valued at $624,075,000. 56.97% of the stock is currently owned by hedge funds and other institutional investors.
Energy Transfer LP Unit Company Profile
Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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