ENERGY TRANSFER/UT LTD PARTN INT (ET) Now Covered by Citigroup

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.

ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) last released its earnings results on Wednesday, November 7th. The pipeline company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.27). The company had revenue of $14.51 billion during the quarter, compared to analysts’ expectations of $13.78 billion. ENERGY TRANSFER/UT LTD PARTN INT had a net margin of 2.58% and a return on equity of 5.68%. The firm’s revenue was up 45.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, research analysts anticipate that ENERGY TRANSFER/UT LTD PARTN INT will post 1.46 earnings per share for the current fiscal year.

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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