In today’s recent session, 6.25 million shares of the Energy Transfer LP (NYSE:ET) have been traded, and its beta is 1.69. Most recently the company’s share price was $19.63, and it changed around -$0.18 or -0.92% from the last close, which brings the market valuation of the company to $67.21B. ET at last check was trading at a discount to its 52-week high of $21.45, offering almost -9.27% off that amount. The share price’s 52-week low was $13.94, which indicates that the recent value has risen by an impressive 28.99% since then. We note from Energy Transfer LP’s average daily trading volume that its 10-day average is 16.57 million shares, with the 3-month average coming to 16.65 million.
Energy Transfer LP stock received a consensus recommendation rating of Buy, based on a mean score of 1.47. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 2 recommended ET as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Energy Transfer LP is expected to report earnings per share of 0.38 for the current quarter.
Energy Transfer LP (NYSE:ET) trade information
Instantly ET has been showing red trend so far today with a performance of -0.92% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 20.90 on recent trading dayincreased the stock’s daily price by 6.08%. The company’s shares are currently up 0.20% year-to-date, but still down -5.59% over the last five days. On the other hand, Energy Transfer LP (NYSE:ET) is 0.81% up in the 30-day period. We can see from the shorts that 27.96 million shares have been sold at a short interest cover period of 1.58 day(s).
The consensus price target as assigned by Wall Street analysts is $21.5, which translates to bulls needing to increase their stock price by 8.7% from its current value. Analyst projections state that ET is forecast to be at a low of $20 and a high of $23.
Energy Transfer LP (ET) estimates and forecasts
The year-over-year growth rate is expected to be 8.52%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 22.37B in revenue for the current quarter. 5 analysts expect Energy Transfer LP to make 22.65B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.63B and 20.73B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.44%. Forecasts for the next quarter put sales growth at 9.26%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.88%. Energy Transfer LP earnings are expected to increase by 20.44% in 2025, but the outlook is positive 13.16% per year for the next five years.
ET Dividends
Energy Transfer LP’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 6.55 percent and its annual dividend per share was 1.28. It is important to note, however, that the 6.55% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 9.78 per year.
Energy Transfer LP (NYSE:ET)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.28% of Energy Transfer LP shares, and 33.32% of them are in the hands of institutional investors. The stock currently has a share float of 37.14%. Energy Transfer LP stock is held by 1229.0 institutions, with BLACKSTONE INC. being the largest institutional investor. By 2024-06-30, it held 4.3004% of the shares, which is about 144.86 million shares worth $2.35 billion.
GOLDMAN SACHS GROUP INC, with 2.255% or 75.96 million shares worth $1.23 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Alps ETF Tr-Alerian MLP ETF and Invesco Steelpath MLP Income Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 72.74 shares worth $1.43 billion, making up 2.12% of all outstanding shares. On the other hand, Invesco Steelpath MLP Income Fund held roughly 33.52 shares worth around $659.75 million, which represents about 0.98% of the total shares outstanding.
