Stock analysts at Citigroup started coverage on shares of ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) in a research note issued on Thursday, MarketBeat reports. The firm set a “buy” rating on the pipeline company’s stock.
A number of other research firms have also recently weighed in on ET. ValuEngine cut shares of ENERGY TRANSFER/UT LTD PARTN INT from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Raymond James reiterated a “buy” rating and issued a $20.00 target price on shares of ENERGY TRANSFER/UT LTD PARTN INT in a research note on Thursday, November 1st.
ET opened at $14.57 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.53 and a current ratio of 0.74. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.31 and a beta of 1.90. ENERGY TRANSFER/UT LTD PARTN INT has a twelve month low of $12.80 and a twelve month high of $19.34.
In other ENERGY TRANSFER/UT LTD PARTN INT news, Director Richard D. Brannon purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average cost of $17.53 per share, for a total transaction of $438,250.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard D. Brannon purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were acquired at an average price of $17.68 per share, for a total transaction of $1,768,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,441,000 shares of company stock worth $53,229,050. Corporate insiders own 3.28% of the company’s stock.
ENERGY TRANSFER/UT LTD PARTN INT Company Profile
Energy Transfer LP provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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