In the last trading session, 9,647,164 shares of the Energy Transfer LP (NYSE:ET) were traded, and its beta was 2.42. Most recently the company’s share price was $7.81, and it changed around -$0.01 or 0% from the last close, which brings the market valuation of the company to $21.11 Billion. ET currently trades at a discount to its 52-week high of $9.55, offering almost -22.28% off that amount. The share price’s 52-week low was $4.98, which indicates that the current value has risen by an impressive 36.24% since then. We note from Energy Transfer LP’s average daily trading volume that its 10-day average is 14.05 Million shares, with the 3-month average coming to 22.87 Million.
Energy Transfer LP stock received a consensus recommendation rating of Overweight, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 16 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended ET as a Hold, whereas 11 deemed it a Buy, and no one rated it as Underweight. Energy Transfer LP is expected to report earnings per share of $0.28 for the current quarter.
Energy Transfer LP (NYSE:ET): Trading Information
Although ET has showed a red trend with a performance of -0.13% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $7.85- on Tuesday, Apr 06 increased the stock’s daily price by 0.51%. The company’s shares are currently up 0.26% year-to-date, but still down -0.0013 over the last five days. On the other hand, Energy Transfer LP (NYSE:ET) is -0.04% down in the 30-day period. We can see from the shorts that 36.95 Million shares have been sold at a short interest cover period of 1.62 day (s).
The consensus price target as assigned by Wall Street analysts is $10.97, which translates to bears needing to increase their stock price by 40.46% from its current value. Analyst projections state that ET is forecast to be at a low of $7.5 and a high of $16. In order for the stock price to hit the forecast high, the stock would need to surge +104.87% from its current level, while the stock would need to crash -3.97% from its current level to reach the projected low.
Energy Transfer LP (ET) projections and forecasts
Energy Transfer LP share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +43.83 percent over the past six months and at a -525% annual growth rate that is well below the industry average of -7.5%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +187.5% in revenue this quarter, and will report an increase of 92.3% in the next quarter. The year-over-year growth rate is expected to be 24.6%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $11.39 Billion in revenue for the current quarter. 6 analysts expect Energy Transfer LP to make $11.44 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $11.63 Billion. Analysts predict that the company’s current quarter sales will drop, forecast at -2%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.2%. Energy Transfer LP earnings are expected to decrease by -118% in 2021, but the outlook is negative -6.9% per year for the next five years.
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ET Dividend Yield
Energy Transfer LP’s next quarterly earnings report is expected to be released around May 10 – May 14, 2021. The annual dividend yield of the stock is 7.8 percent and its annual dividend per share was $0.61. It is important to note, however, that the 7.8% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 9.85% per year.
Energy Transfer LP (NYSE:ET)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 14.32% of Energy Transfer LP shares, and 38.84% of them are in the hands of institutional investors. The stock currently has a share float of 45.33%. Energy Transfer LP stock is held by 824 institutions, with Blackstone Group Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.94% of the shares, which is about 133.62 Million shares worth $825.74 Million.
Alps Advisors Inc., with 2.52% or 68.18 Million shares worth $421.38 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Alps ETF Tr-Alerian MLP ETF and Invesco Oppenheimer Steelpath MLP Income were the top two Mutual Funds as of Nov 29, 2020. The former held 56733845 shares worth $350.62 Million, making up 2.1% of all outstanding shares. On the other hand, Invesco Oppenheimer Steelpath MLP Income held roughly 33.22 Million shares worth around $205.31 Million, which represents about 1.23% of the total shares outstanding.