Royal Bank of Canada Reaffirms “Outperform” Rating for Energy Transfer (NYSE:ET)

Energy Transfer (NYSE:ET)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a report released on Tuesday,Benzinga reports. They currently have a $23.00 price objective on the pipeline company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 21.48% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Citigroup restated a “buy” rating on shares of Energy Transfer in a research report on Monday. The Goldman Sachs Group boosted their target price on shares of Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Morgan Stanley raised their target price on Energy Transfer from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.09.

Energy Transfer Trading Up 0.3 %

NYSE ET opened at $18.93 on Tuesday. Energy Transfer has a 12 month low of $14.90 and a 12 month high of $21.45. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $64.96 billion, a P/E ratio of 14.79, a PEG ratio of 0.64 and a beta of 1.72. The business has a fifty day simple moving average of $19.52 and a 200 day simple moving average of $18.33.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. On average, analysts predict that Energy Transfer will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Energy Transfer during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new position in shares of Energy Transfer during the 4th quarter valued at about $26,000. GAMMA Investing LLC bought a new position in Energy Transfer during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of Energy Transfer in the 4th quarter worth approximately $29,000. Finally, United Community Bank purchased a new position in Energy Transfer in the 4th quarter worth $35,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Company Profile

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.