Analysts Anticipate ENERGY TRANSFER/UT LTD PARTN INT (ET) Will Post Earnings of $0.48 Per Share

Equities analysts expect ENERGY TRANSFER/UT LTD PARTN INT (NYSE:ET) to post $0.48 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for ENERGY TRANSFER/UT LTD PARTN INT’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $1.42. ENERGY TRANSFER/UT LTD PARTN INT posted earnings of $0.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 17.1%. The company is scheduled to report its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that ENERGY TRANSFER/UT LTD PARTN INT will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $0.85 to $2.36. For the next financial year, analysts anticipate that the business will post earnings of $1.39 per share, with EPS estimates ranging from $0.48 to $2.16. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow ENERGY TRANSFER/UT LTD PARTN INT.

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 consensus estimate of $0.59 by ($0.27). The firm had revenue of $14.51 billion during the quarter, compared to analyst estimates 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 business’s revenue was up 45.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share.

Several equities analysts have weighed in on the company. Citigroup assumed coverage on ENERGY TRANSFER/UT LTD PARTN INT in a research report on Thursday, November 29th. They issued a “buy” rating for the company. ValuEngine downgraded ENERGY TRANSFER/UT LTD PARTN INT from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Finally, Raymond James reissued a “buy” rating and set a $20.00 price objective on shares of ENERGY TRANSFER/UT LTD PARTN INT in a research report on Thursday, November 1st.

NYSE ET traded down $0.35 during trading on Thursday, hitting $14.81. The stock had a trading volume of 3,967,957 shares, compared to its average volume of 10,051,354. The company has a market cap of $16.88 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.31 and a beta of 1.86. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.74 and a quick ratio of 0.53. ENERGY TRANSFER/UT LTD PARTN INT has a twelve month low of $12.80 and a twelve month high of $19.34.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Thursday, November 8th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date was Wednesday, November 7th. ENERGY TRANSFER/UT LTD PARTN INT’s dividend payout ratio is presently 100.83%.

In related news, CEO Kelcy L. Warren acquired 2,000,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $15.55 per share, with a total value of $31,100,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $14.93 per share, with a total value of $14,930,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,441,000 shares of company stock valued at $53,229,050. Corporate insiders own 3.28% of the company’s stock.

About ENERGY TRANSFER/UT LTD PARTN INT

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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