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Energy Transfer LP (ET) Stock Could Soon Reward Patient Investors

Energy Transfer LP (NYSE: ET) is 14.35% higher on its value in year-to-date trading and has touched a low of $12.18 and a high of $15.81 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 $15.69 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $15.78, the stock is 2.85% and 7.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.94 million and changing 0.57% at the moment leaves the stock 14.83% off its SMA200. ET registered 26.85% gain for a year compared to 6-month gain of 12.47%. The firm has a 50-day simple moving average (SMA 50) of $1.35 and a 200-day simple moving average (SMA200) of $8.46.

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The stock witnessed a 5.34% loss in the last 1 month and extending the period to 3 months gives it a 14.35%, and is 1.41% 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 1.28% over the week and 1.29% over the month.

Energy Transfer LP (ET) has around 13786 employees, a market worth around $53.14B and $78.59B in sales. Current P/E ratio is 14.51 and Fwd P/E is 9.46. Profit margin for the company is 4.41%. Distance from 52-week low is 29.61% and -0.19% from its 52-week high. The company has generated returns on investments over the last 12 months (3.90%).

Energy Transfer LP quarterly earnings per share for the current quarter are estimated at $0.39 with sales reaching $22.5B over the same period.The EPS is expected to grow by 37.82% this year, but quarterly earnings will post 7.70% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.

Energy Transfer LP (ET) Top Institutional Holders

1,136 institutions hold shares in Energy Transfer LP (ET), with institutional investors hold 38.03% of the company’s shares. The shares outstanding are 3.37B, and float is at 2.87B with Short Float at 1.32%. Institutions hold 34.18% of the Float.

The top institutional shareholder in the company is Blackstone Inc with over 153.27 million shares valued at $1.95 billion. The investor’s holdings represent 4.88% of the ET Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 65.66 million shares valued at $833.88 million to account for 2.09% of the shares outstanding. The other top investors are Alps Advisors Inc. which holds 64.32 million shares representing 2.05% and valued at over $816.92 million, while Goldman Sachs Group Inc holds 1.89% of the shares totaling 59.32 million with a market value of $753.37 million.

Energy Transfer LP (ET) Insider Activity

The most recent transaction is an insider purchase by MCCREA MARSHALL S III,the company’sCo-CEO. SEC filings show that MCCREA MARSHALL S III bought 50,000 shares of the company’s common stock on Dec 12 ’23 at a price of $13.19 per share for a total of $0.66 million. Following the purchase, the insider now owns 7.27 million shares.

Energy Transfer LP disclosed in a document filed with the SEC on Nov 13 ’23 that Mason Thomas P (EVP & Pres. LNG) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Nov 13 ’23 and was made at $13.17 per share for $0.11 million. Following the transaction, the insider now directly holds 1.72 million shares of the ET stock.

Still, SEC filings show that on Nov 09 ’23, Whitehurst Bradford D. (EVP) acquired 10,000 shares at an average price of $13.10 for $0.13 million. The insider now directly holds 1,323,055 shares of Energy Transfer LP (ET).

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