Energy Transfer LP (NYSE: ET) is 16.38% higher on its value in year-to-date trading and has touched a low of $12.89 and a high of $16.50 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 $16.30 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $16.06, the stock is 0.29% and 0.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.41 million and changing -1.47% at the moment leaves the stock 7.10% off its SMA200. ET registered 23.54% gain for a year compared to 6-month gain of 9.70%.
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The stock witnessed a -1.95% loss in the last 1 month and extending the period to 3 months gives it a -0.43%, and is 3.08% 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 1.83% over the week and 2.30% over the month.
Energy Transfer LP (ET) has around 13786 employees, a market worth around $54.96B and $83.63B in sales. Current P/E ratio is 13.59 and Fwd P/E is 10.38. Profit margin for the company is 4.71%. Distance from 52-week low is 24.57% and -2.67% from its 52-week high. The company has generated returns on investments over the last 12 months (4.26%).
The EPS is expected to grow by 25.15% this year.
Energy Transfer LP (ET) Top Institutional Holders
1180.0 institutions hold shares in Energy Transfer LP (ET), with institutional investors hold 36.75% of the company’s shares. The shares outstanding are 3.37B, and float is at 2.93B with Short Float at 1.19%. Institutions hold 33.08% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 147.45 million shares valued at $2.32 billion. The investor’s holdings represent 4.3772 of the ET Shares outstanding. As of 2024-03-31, the second largest holder is GOLDMAN SACHS GROUP INC with 73.05 million shares valued at $1.15 billion to account for 2.1686 of the shares outstanding. The other top investors are ALPS ADVISORS INC which holds 69.66 million shares representing 2.068 and valued at over $1.1 billion, while INVESCO LTD. holds 1.7373 of the shares totaling 58.52 million with a market value of $920.58 million.
Energy Transfer LP (ET) Insider Activity
The most recent transaction is an insider purchase by Long Thomas E, the company’s Co-CEO. SEC filings show that Long Thomas E bought 20,000 shares of the company’s common stock on Aug 12 ’24 at a price of $15.68 per share for a total of $0.31 million. Following the purchase, the insider now owns 4.31 million shares.
Energy Transfer LP disclosed in a document filed with the SEC on Aug 12 ’24 that WARREN KELCY L (Director) bought a total of 3,000,000 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $15.68 per share for $47.04 million. Following the transaction, the insider now directly holds 123.39 million shares of the ET stock.
Still, SEC filings show that on Dec 12 ’23, MCCREA MARSHALL S III (Co-CEO) acquired 50,000 shares at an average price of $13.19 for $0.66 million. The insider now directly holds 7,272,754 shares of Energy Transfer LP (ET).
