Energy Transfer LP Unit (NYSE:ET) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.305 per share by the pipeline company on Monday, May 20th. This represents a $1.22 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date is Monday, May 6th.
ET stock traded up $0.45 on Friday, reaching $15.36. The company’s stock had a trading volume of 18,482,709 shares, compared to its average volume of 7,579,213. Energy Transfer LP Unit has a 52 week low of $11.68 and a 52 week high of $19.19. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.44 and a beta of 1.71. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.73 and a quick ratio of 0.54.
Energy Transfer LP Unit (NYSE:ET) last issued its quarterly earnings data on Wednesday, February 20th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Energy Transfer LP Unit had a return on equity of 6.15% and a net margin of 3.18%. The business had revenue of $13.57 billion during the quarter, compared to the consensus estimate of $14.67 billion. Energy Transfer LP Unit’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities analysts anticipate that Energy Transfer LP Unit will post 1.43 EPS for the current fiscal year.
A number of equities research analysts have weighed in on ET shares. Evercore ISI started coverage on Energy Transfer LP Unit in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. ValuEngine upgraded Energy Transfer LP Unit from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Raymond James upgraded Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Energy Transfer LP Unit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, TheStreet upgraded Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.20.
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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