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What should you know before buying stock in Energy Transfer LP (ET)

Energy Transfer LP (NYSE: ET) is 27.02% higher on its value in year-to-date trading and has touched a low of $4.52 and a high of $9.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ET stock was last observed hovering at around $7.68 in the last trading session, with the day’s gains setting it 0.17% off its average median price target of $10.00 for the next 12 months. It is also 50.94% off the consensus price target high of $16.00 offered by 16 analysts, but current levels are -4.67% lower than the price target low of $7.50 for the same period.

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Currently trading at $7.85, the stock is -2.15% and 5.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.43 million and changing 2.21% at the moment leaves the stock 18.66% off its SMA200. ET registered 56.06% gain for a year compared to 6-month gain of 44.83%. The firm has a 50-day simple moving average (SMA 50) of $7.85 and a 200-day simple moving average (SMA200) of $6.59.

The stock witnessed a -0.25% loss in the last 1 month and extending the period to 3 months gives it a 27.44%, and is 1.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 4.14% over the month.

Energy Transfer LP (ET) has around 11421 employees, a market worth around $20.75B and $38.95B in sales. Fwd P/E is 6.15. Profit margin for the company is -1.70%. Distance from 52-week low is 73.67% and -17.80% from its 52-week high. The company has generated returns on investments over the last 12 months (3.80%).

Energy Transfer LP (ET) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Energy Transfer LP (ET) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Energy Transfer LP is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $11.39B over the same period.The EPS is expected to shrink by -118.00% this year, but quarterly earnings will post 22.40% year-over-year. Quarterly sales are estimated to shrink -2.00% in year-over-year returns.

Energy Transfer LP (ET) Top Institutional Holders

824 institutions hold shares in Energy Transfer LP (ET), with 386.88M shares held by insiders accounting for 14.32% while institutional investors hold 45.36% of the company’s shares. The shares outstanding are 2.70B, and float is at 2.31B with Short Float at 1.60%. Institutions hold 38.87% of the Float.

The top institutional shareholder in the company is Blackstone Group Inc. with over 133.62 million shares valued at $825.74 million. The investor’s holdings represent 4.94% of the ET Shares outstanding. As of Dec 30, 2020, the second largest holder is Alps Advisors Inc. with 68.18 million shares valued at $421.38 million to account for 2.52% of the shares outstanding. The other top investors are Goldman Sachs Group, Inc. which holds 66.43 million shares representing 2.46% and valued at over $410.57 million, while Invesco Ltd. holds 2.31% of the shares totaling 62.43 million with a market value of $385.84 million.

Energy Transfer LP (ET) Insider Activity

A total of 23 insider transactions have happened at Energy Transfer LP (ET) in the last six months, with sales accounting for 5 and purchases happening 18 times.

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Energy Transfer LP (ET): Who are the competitors?

The company’s main competitors (and peers) include DCP Midstream LP (DCP) that is trading 470.95% up over the past 12 months and Enterprise Products Partners L.P. (EPD) that is 61.49% higher over the same period. The Williams Companies Inc. (WMB) is 79.29% up on the 1-year trading charts. Short interest in the company’s stock has fallen -52.15% from the last report on Feb 11, 2021 to stand at a total of 56.22 million short shares sold with a short interest ratio of 1.42.

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