Energy Transfer (ET) Scheduled to Post Earnings on Wednesday

Energy Transfer (NYSE:ET) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Energy Transfer to post earnings of $0.32 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, August 7th. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Energy Transfer had a net margin of 5.19% and a return on equity of 12.74%. The firm had revenue of $20.73 billion during the quarter, compared to the consensus estimate of $22.01 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts expect Energy Transfer to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Energy Transfer Trading Up 0.5 %

ET opened at $16.51 on Tuesday. Energy Transfer has a fifty-two week low of $13.01 and a fifty-two week high of $16.64. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.14 and a quick ratio of 0.92. The firm has a market capitalization of $56.50 billion, a PE ratio of 13.87, a P/E/G ratio of 0.50 and a beta of 1.66. The company’s 50-day moving average is $16.20 and its 200 day moving average is $16.01.

Energy Transfer Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 7.81%. The ex-dividend date is Friday, November 8th. Energy Transfer’s dividend payout ratio (DPR) is 108.40%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ET shares. UBS Group lifted their price target on Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada lifted their price target on Energy Transfer from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America started coverage on Energy Transfer in a report on Thursday, October 17th. They issued a “buy” rating and a $20.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Energy Transfer presently has an average rating of “Buy” and a consensus target price of $20.00.

Insider Activity

In other Energy Transfer news, CEO Thomas E. Long bought 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $15.68 per share, with a total value of $313,600.00. Following the transaction, the chief executive officer now owns 4,308,859 shares of the company’s stock, valued at approximately $67,562,909.12. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kelcy L. Warren purchased 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $15.68 per share, for a total transaction of $47,040,000.00. Following the completion of the transaction, the director now owns 123,385,650 shares in the company, valued at $1,934,686,992. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas E. Long bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $15.68 per share, for a total transaction of $313,600.00. Following the transaction, the chief executive officer now directly owns 4,308,859 shares in the company, valued at approximately $67,562,909.12. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,040,000 shares of company stock valued at $47,667,200. 3.28% of the stock is currently owned by company insiders.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.