Energy Transfer LP (NYSE:ET) has a beta value of 2.36 and has seen 3.31 million shares traded in the recent trading session. The company, currently valued at $27.05B, closed the recent trade at $10.03 per share which meant it lost -$0.02 on the day or -0.17% during that session. The ET stock price is -15.15% off its 52-week high price of $11.55 and 50.35% above the 52-week low of $4.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.11 million shares traded. The 3-month trading volume is 13.71 million shares.
The consensus among analysts is that Energy Transfer LP (ET) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 19 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.28.
Energy Transfer LP (NYSE:ET) trade information
Sporting -0.17% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 10/18/21 when the ET stock price touched $10.03 or saw a rise of 1.38%. Year-to-date, Energy Transfer LP shares have moved 62.62%, while the 5-day performance has seen it change 1.21%. Over the past 30 days, the shares of Energy Transfer LP (NYSE:ET) have changed 10.44%. Short interest in the company has seen 68.65 million shares shorted with days to cover at 4.78.
Wall Street analysts have a consensus price target for the stock at $14.24, which means that the shares’ value could jump 29.56% from the levels at last check today. The projected low price target is $12.00 while the price target rests at a high of $18.00. In that case, then, we find that the latest price level in today’s session is -79.46% off the targeted high while a plunge would see the stock gain -19.64% from the levels at last check today.
Energy Transfer LP (ET) estimates and forecasts
Figures show that Energy Transfer LP shares have outperformed across the wider relevant industry. The company’s shares have gained 26.73% over the past 6 months, with this year growth rate of 916.67%, compared to -9.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 196.60% and 57.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 60.20%.
4 analysts offering their estimates for the company have set an average revenue estimate of $15.86 billion for the current quarter. 4 have an estimated revenue figure of $15.89 billion for the next quarter concluding in Dec 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -17.20% over the past 5 years. Earnings growth for 2021 is a modest -118.00% while over the next 5 years, the company’s earnings are expected to decrease by -6.90%.
Energy Transfer LP is expected to release its next earnings report between November 02 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.61 at a share yield of 6.07%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 9.87%.
Energy Transfer LP (NYSE:ET)’s Major holders
Insiders own 12.83% of the company shares, while shares held by institutions stand at 38.07% with a share float percentage of 43.67%. Investors are also buoyed by the number of investors in a company, with Energy Transfer LP having a total of 816 institutions that hold shares in the company. The top two institutional holders are Blackstone Inc with over 152.98 million shares worth more than $1.63 billion. As of Jun 29, 2021, Blackstone Inc held 5.66% of shares outstanding.
The other major institutional holder is Goldman Sachs Group, Inc., with the holding of over 69.0 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $733.46 million and represent 2.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Invesco Steelpath MLP Income Fund. As of May 30, 2021, the former fund manager holds about 2.28% shares in the company for having 61.77 million shares of worth $611.51 million while later fund manager owns 32.92 million shares of worth $325.92 million as of May 30, 2021, which makes it owner of about 1.22% of company’s outstanding stock.