Energy Transfer Announces Quarterly Dividend of $0.91 (ETP)
Energy Transfer (NYSE:ETP) announced a quarterly dividend on Wednesday, October 23rd, AnalystRatingsNetwork.com reports. Shareholders of record on Monday, November 4th will be paid a dividend of $0.905 per share on Thursday, November 14th. This represents a $3.62 annualized dividend and a dividend yield of 6.86%.
ETP has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Energy Transfer in a research note to investors on Wednesday, October 9th. They now have a $54.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Energy Transfer from $57.00 to $59.00 in a research note to investors on Monday, August 12th. Finally, analysts at Deutsche Bank raised their price target on shares of Energy Transfer from $56.00 to $60.00 in a research note to investors on Friday, August 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $52.50.
Shares of Energy Transfer (NYSE:ETP) opened at 52.75 on Wednesday. Energy Transfer has a 1-year low of $40.19 and a 1-year high of $54.85. The stock has a 50-day moving average of $51.65 and a 200-day moving average of $49.95. The company has a market cap of $19.845 billion and a P/E ratio of 34.03.
Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership based in the United States engaged in natural gas operations.
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