During the recent session, Energy Transfer LP (NYSE:ET)’s traded shares were 1.69 million, with the beta value of the company hitting 1.65. At the last check today, the stock’s price was $16.44, reflecting an intraday loss of -0.18% or -$0.03. The 52-week high for the ET share is $16.64, that puts it down -1.22 from that peak though still a striking 21.53% gain since the share price plummeted to a 52-week low of $12.90. The company’s market capitalization is $56.26B, and the average intraday trading volume over the past 10 days was 10.3 million shares, and the average trade volume was 13.51 million shares over the past three months.
Energy Transfer LP (ET) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.45. ET has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it.
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Energy Transfer LP (NYSE:ET) trade information
Energy Transfer LP (ET) registered a -0.18% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.18% in intraday trading to $16.44, hitting a weekly high. The stock’s 5-day price performance is 0.24%, and it has moved by 2.43% in 30 days. Based on these gigs, the overall price performance for the year is 25.02%. The short interest in Energy Transfer LP (NYSE:ET) is 27.86 million shares and it means that shorts have 2.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies a decrease of -9.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $20 respectively. As a result, ET is trading at a discount of -21.65% off the target high and 20.92% off the low.
Energy Transfer LP (ET) estimates and forecasts
Statistics show that Energy Transfer LP has outperformed its competitors in share price, compared to the industry in which it operates. Energy Transfer LP (ET) shares have gone up 4.18% during the last six months, with a year-to-date growth rate more than the industry average at 23.85% against 7.60.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.88%. While earnings are projected to return 22.90% in 2024, the next five years will return 16.31% per annum.
ET Dividends
Energy Transfer LP is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Energy Transfer LP is 1.26, with the dividend yield indicating at 7.69 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 9.98%.
Energy Transfer LP (NYSE:ET)’s Major holders
Energy Transfer LP insiders own 10.08% of total outstanding shares while institutional holders control 33.19%, with the float percentage being 36.91%. BLACKSTONE INC. is the largest shareholder of the company, while 1172.0 institutions own stock in it. As of 2024-06-30, the company held over 144.86 million shares (or 4.3004% of all shares), a total value of $2.35 billion in shares.
The next largest institutional holding, with 75.96 million shares, is of GOLDMAN SACHS GROUP INC’s that is approximately 2.255% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.23 billion.
