Energy Transfer LP (NYSE:ET) has a beta value of 0.75 and has seen 14.08 million shares traded in the last trading session. The company, currently valued at $60.54B, closed the last trade at $17.64 per share which meant it lost -$0.21 on the day or -1.18%% during that session. The ET stock price is -21.6% off its 52-week high price of $21.45 and 17.23% above the 52-week low of $14.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.2 million shares traded. The 3-month trading volume is 15.56 million shares.
The consensus among analysts is that Energy Transfer LP (ET) is Buy stock at the moment, with a recommendation rating of 1.33. 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 0.31.
Energy Transfer LP (NYSE:ET) trade information
Sporting -1.18%% 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 $17.64 or saw a rise of 5.21%. Year-to-date, Energy Transfer LP shares have moved 13.95%, while the 5-day performance has seen it change -3.71%. Over the past 30 days, the shares of Energy Transfer LP (NYSE:ET) have changed -0.68%. Short interest in the company has seen 28.67 million shares shorted with days to cover at 1.98.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could jump 19.82% from current levels. The projected low price target is $22.0 while the price target rests at a high of $22.0. In that case, then, we find that the current price level is -24.72% off the targeted high while a plunge would see the stock gain -24.72% from current levels.
Energy Transfer LP (ET) estimates and forecasts
The company’s shares have lost -5.36% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 13.49%.
4 analysts offering their estimates for the company have set an average revenue estimate of 24.07B for the current quarter. 4 have an estimated revenue figure of 24.28B for the next ending quarter. Year-ago sales stood 20.73B and 20.77B respectively for this quarter and the next, and analysts expect sales will grow by 16.09% for the current quarter and 13.49% 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 -0.73% over the past 5 years. Earnings growth for 2025 is a modest 13.09% while over the next 5 years, the company’s earnings are expected to increase by 8.69%.
ET Dividends
Energy Transfer LP is expected to release its next earnings report on 2025-May-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.30 at a share yield of 7.34%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 9.14%.
Energy Transfer LP (NYSE:ET)’s Major holders
Insiders own 10.04% of the company shares, while shares held by institutions stand at 32.50% with a share float percentage of 36.13%. Investors are also buoyed by the number of investors in a company, with Energy Transfer LP having a total of 1333.0 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 4.2978% 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 2.2537% of shares outstanding.
