13,600 Shares in Energy Transfer LP Unit (NYSE:ET) Purchased by Colorado Capital Management Inc.

Colorado Capital Management Inc. acquired a new position in Energy Transfer LP Unit (NYSE:ET) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,600 shares of the pipeline company’s stock, valued at approximately $209,000.

Several brokerages recently issued reports on ET. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 price target on shares of Energy Transfer LP Unit in a research note on Thursday, February 21st. Raymond James upgraded shares of Energy Transfer LP Unit from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. ValuEngine lowered shares of Energy Transfer LP Unit from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. TheStreet upgraded shares of Energy Transfer LP Unit from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. Finally, Zacks Investment Research upgraded shares of Energy Transfer LP Unit from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.25.

ET stock traded down $0.01 during trading on Wednesday, hitting $14.92. 11,336,291 shares of the stock traded hands, compared to its average volume of 10,427,021. Energy Transfer LP Unit has a 1 year low of $11.68 and a 1 year high of $19.19. The company has a market capitalization of $38.58 billion, a price-to-earnings ratio of 12.97 and a beta of 1.71. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.54 and a current ratio of 1.06.

Energy Transfer LP Unit (NYSE:ET) last announced its quarterly earnings data on Wednesday, May 8th. The pipeline company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Energy Transfer LP Unit had a net margin of 4.03% and a return on equity of 7.61%. The company had revenue of $13.12 billion for the quarter, compared to the consensus estimate of $14.39 billion. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Energy Transfer LP Unit will post 1.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Tuesday, May 7th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 8.18%. The ex-dividend date of this dividend was Monday, May 6th. Energy Transfer LP Unit’s dividend payout ratio (DPR) is 106.09%.

COPYRIGHT VIOLATION WARNING: “13,600 Shares in Energy Transfer LP Unit (NYSE:ET) Purchased by Colorado Capital Management Inc.” was first posted by Sundance Herald and is the sole property of of Sundance Herald. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://sundanceherald.com/2019/05/22/colorado-capital-management-inc-purchases-shares-of-13600-energy-transfer-lp-unit-et.html.

About Energy Transfer LP Unit

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.

See Also: Bar Chart

Institutional Ownership by Quarter for Energy Transfer LP Unit (NYSE:ET)

Receive News & Ratings for Energy Transfer LP Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer LP Unit and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply