In the last trading session, 15.33 million Energy Transfer LP (NYSE:ET) shares changed hands as the company’s beta touched 0.75. With the company’s per share price at $17.81 changed hands at -$0.32 or -1.77% during last session, the market valuation stood at $61.12B. ET’s last price was a discount, traded about -20.44% off its 52-week high of $21.45. The share price had its 52-week low at $14.60, which suggests the last value was 18.02% up since then. When we look at Energy Transfer LP’s average trading volume, we note the 10-day average is 13.9 million shares, with the 3-month average coming to 15.82 million.
Analysts gave the Energy Transfer LP (ET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. 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 red as seen at the end of in last trading. With action 0.68%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 11.10%, with the 5-day performance at 0.68% in the green. However, in the 30-day time frame, Energy Transfer LP (NYSE:ET) is 1.89% up. Looking at the short shares, we see there were 27.69 million shares sold at short interest cover period of 2.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 19.05% from its current market value. According to analyst projections, ET’s forecast low is 22 with 22 as the target high. To hit the forecast high, the stock’s price needs a -23.53% plunge from its current level, while the stock would need to soar -23.53% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.73%. The 2025 estimates are for Energy Transfer LP earnings to increase by 13.09%, but the outlook for the next 5-year period is at 8.69% per year.
ET Dividends
Energy Transfer LP is expected to release its next quarterly earnings report on 2025-May-06. The 7.27% annual yield figure for the share gives it an annual dividend of 1.30. It is important to note, however, that the 7.27% 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 8.97 per year.
Energy Transfer LP (NYSE:ET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.04% of Energy Transfer LP shares while 32.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.11%. There are 32.49% institutions holding the Energy Transfer LP stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-06-30, the company held 4.2978% 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 2.2537% or 75.96 million shares worth $1.23 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were ALPS ETF TRUST-ALERIAN MLP ETF and AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. . With 71.27 shares estimated at $1.27 billion under it, the former controlled 2.08% of total outstanding shares. On the other hand, AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. held about 0.93% of the shares, roughly 31.82 shares worth around $566.63 million.
