Energy Transfer LP (NYSE:ET) has a beta value of 1.64 and has seen 13.3 million shares traded in the last trading session. The company, currently valued at $54.86B, closed the last trade at $16.03 per share which meant it lost -$0.07 on the day or -0.43% during that session. The ET stock price is -2.93% off its 52-week high price of $16.50 and 19.53% above the 52-week low of $12.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.03 million shares traded. The 3-month trading volume is 15.39 million shares.
The consensus among analysts is that Energy Transfer LP (ET) is Buy stock at the moment, with a recommendation rating of 1.45. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.34.
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Energy Transfer LP (NYSE:ET) trade information
Sporting -0.43% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ET stock price touched $16.03 or saw a rise of 0.62%. Year-to-date, Energy Transfer LP shares have moved 16.16%, while the 5-day performance has seen it change -0.50%. Over the past 30 days, the shares of Energy Transfer LP (NYSE:ET) have changed 0.50%. Short interest in the company has seen 31.79 million shares shorted with days to cover at 1.37.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could drop -6.87% from current levels. The projected low price target is $13.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -24.77% off the targeted high while a plunge would see the stock lose 18.9% from current levels.
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 7.58% over the past 6 months, with this year growth rate of 28.44%, compared to 5.00% for the industry. Revenue growth from the last financial year stood is estimated to be 11.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of 23.47B for the current quarter. 4 have an estimated revenue figure of 23.9B for the next ending quarter. Year-ago sales stood 20.33B and 20.53B respectively for this quarter and the next, and analysts expect sales will grow by 15.40% for the current quarter and 11.10% for the next.
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 -0.88% over the past 5 years. Earnings growth for 2024 is a modest 24.87% while over the next 5 years, the company’s earnings are expected to increase by 14.10%.
ET Dividends
Energy Transfer LP is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.26 at a share yield of 7.89%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 10.01%.
Energy Transfer LP (NYSE:ET)’s Major holders
Insiders own 10.00% of the company shares, while shares held by institutions stand at 33.07% with a share float percentage of 36.75%. Investors are also buoyed by the number of investors in a company, with Energy Transfer LP having a total of 1178.0 institutions that hold shares in the company. The top two institutional holders are BLACKSTONE INC. with over 144.86 million shares worth more than $2.35 billion. As of 2024-06-30, BLACKSTONE INC. held 4.3004% of shares outstanding.
The other major institutional holder is GOLDMAN SACHS GROUP INC, with the holding of over 75.96 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.23 billion and represent 2.255% of shares outstanding.
