Energy Transfer LP (NYSE:ET)’s traded shares stood at 2.96 million during the latest session, with the company’s beta value hitting 1.65. At the last check today, the stock’s price was $16.03, to imply a decrease of -0.12% or -$0.02 in intraday trading. The ET share’s 52-week high remains $16.50, putting it -2.93% down since that peak but still an impressive 19.53% since price per share fell to its 52-week low of $12.90. The company has a valuation of $54.86B, with an average of 10.93 million shares in intraday trading volume over the past 10 days and average of 15.90 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Energy Transfer LP (ET), translating to a mean rating of 1.42. Of 7 analyst(s) looking at the stock, 0 analyst(s) give ET a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.34.
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Energy Transfer LP (NYSE:ET) trade information
After registering a -0.12% downside in the latest session, Energy Transfer LP (ET) has traded red over the past five days. The 5-day price performance for the stock is 0.69%, and 0.69% over 30 days. With these gigs, the year-to-date price performance is 16.16%. Short interest in Energy Transfer LP (NYSE:ET) saw shorts transact 24.85 million shares and set a 1.96 days time to cover.
The extremes give us $13 and $20 for target low and target high price respectively. As such, ET has been trading -24.77% off suggested target high and 18.9% from its likely low.
Energy Transfer LP (ET) estimates and forecasts
Looking at statistics comparing Energy Transfer LP share performance against respective industry, we note that the company has outperformed competitors. Energy Transfer LP (ET) shares are 1.39% up over the last 6 months, with its year-to-date growth rate higher than industry average at 23.85% against 5.20%. Revenue is forecast to grow 126.70% this quarter before falling -2.70% for the next one. The rating firms project that company’s revenue will grow 11.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 23.46B. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 23.89B.Earnings reports from the last fiscal year show that sales brought in 20.33B and 20.53B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.40% before jumping 16.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.88% for the past 5-year period. While 2024 is set for a 22.40% return in earnings, projections for the next 5 years are at 14.10% annually.
ET Dividends
Energy Transfer LP has its next earnings report out on 2024-Oct-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Energy Transfer LP has a forward dividend ratio of 1.26, with the share yield ticking at 7.89% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 9.98%.
Energy Transfer LP (NYSE:ET)’s Major holders
Energy Transfer LP insiders hold 10.08% of total outstanding shares, with institutional holders owning 33.11% of the shares at 36.82% float percentage. In total, 33.11% institutions holds shares in the company, led by BLACKSTONE INC. As of 2024-06-30, the company held over 144.86 million shares (or 4.3004% of shares), all amounting to roughly $2.35 billion.
The next major institution holding the largest number of shares is GOLDMAN SACHS GROUP INC with 75.96 million shares, or about 2.255% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.23 billion.
