Energy Transfer (ET) Scheduled to Post Earnings on Wednesday

Energy Transfer (NYSE:ETGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Energy Transfer Trading Up 1.0 %

NYSE:ET opened at $14.09 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $44.30 billion, a PE ratio of 13.29 and a beta of 1.64. The firm’s 50 day moving average is $13.89 and its 200 day moving average is $13.62. Energy Transfer has a 12 month low of $11.45 and a 12 month high of $14.65.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date is Tuesday, February 6th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.31. Energy Transfer’s payout ratio is 118.87%.

Institutional Investors Weigh In On Energy Transfer

A number of hedge funds and other institutional investors have recently bought and sold shares of ET. Bank of New York Mellon Corp raised its holdings in Energy Transfer by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 79,889 shares of the pipeline company’s stock valued at $894,000 after acquiring an additional 3,501 shares during the period. Cibc World Market Inc. raised its holdings in Energy Transfer by 0.6% during the 1st quarter. Cibc World Market Inc. now owns 424,932 shares of the pipeline company’s stock valued at $4,755,000 after acquiring an additional 2,403 shares during the period. Blair William & Co. IL raised its holdings in Energy Transfer by 13.7% during the 1st quarter. Blair William & Co. IL now owns 260,824 shares of the pipeline company’s stock valued at $2,919,000 after acquiring an additional 31,407 shares during the period. Cetera Investment Advisers raised its holdings in Energy Transfer by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 159,249 shares of the pipeline company’s stock valued at $1,782,000 after acquiring an additional 10,856 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Energy Transfer by 43.0% in the first quarter. NewEdge Advisors LLC now owns 192,394 shares of the pipeline company’s stock worth $2,153,000 after purchasing an additional 57,880 shares during the period. Institutional investors own 33.79% of the company’s stock.

About Energy Transfer

(Get Free Report)

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 miles of interstate natural gas pipeline.

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Earnings History for Energy Transfer (NYSE:ET)

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