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%.
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.
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