In the last trading session, 16.08 million Energy Transfer LP (NYSE:ET) shares changed hands as the company’s beta touched 1.68. With the company’s per share price at $19.86 changed hands at $0.44 or 2.27% during last session, the market valuation stood at $69.54B. ET’s last price was a premium, traded about 0.76% off its 52-week high of $19.71. The share price had its 52-week low at $13.11, which suggests the last value was 33.99% up since then. When we look at Energy Transfer LP’s average trading volume, we note the 10-day average is 21.75 million shares, with the 3-month average coming to 14.37 million.
Analysts gave the Energy Transfer LP (ET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ET as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
Energy Transfer LP (NYSE:ET) trade information
Instantly ET was in green as seen at the end of in last trading. With action 4.69%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 43.91%, with the 5-day performance at 4.69% in the green. However, in the 30-day time frame, Energy Transfer LP (NYSE:ET) is 20.58% up. Looking at the short shares, we see there were 31.15 million shares sold at short interest cover period of 2.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need a downside of -32.4% from its current market value. According to analyst projections, ET’s forecast low is 13 with 20 as the target high. To hit the forecast high, the stock’s price needs a -0.7% plunge from its current level, while the stock would need to tank 34.54% for it to hit the projected low.
Energy Transfer LP (ET) estimates and forecasts
Data shows that the Energy Transfer LP share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 26.74% over the past 6 months, a 22.94% in annual growth rate that is considerably higher than the industry average of 10.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.88%. The 2024 estimates are for Energy Transfer LP earnings to increase by 26.02%, but the outlook for the next 5-year period is at 15.62% per year.
ET Dividends
Energy Transfer LP is expected to release its next quarterly earnings report in January. The 6.42% annual yield figure for the share gives it an annual dividend of 1.27. It is important to note, however, that the 6.42% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 9.88 per year.
Energy Transfer LP (NYSE:ET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.08% of Energy Transfer LP shares while 33.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.03%. There are 33.30% institutions holding the Energy Transfer LP stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-06-30, the company held 4.3004% of the shares, roughly 144.86 million ET shares worth $2.35 billion.
GOLDMAN SACHS GROUP INC holds the second largest percentage of outstanding shares, with 2.255% or 75.96 million shares worth $1.23 billion as of 2024-06-30.
