Energy Transfer LP (NYSE: ET) is -2.86% lower on its value in year-to-date trading and has touched a low of $14.60 and a high of $21.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ET stock was last observed hovering at around $19.29 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $19.03, the stock is -3.90% and -3.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.53 million and changing -1.35% at the moment leaves the stock 9.88% off its SMA200. ET registered 30.97% gain for a year compared to 6-month gain of 19.84%.
The stock witnessed a -9.72% loss in the last 1 month and extending the period to 3 months gives it a -0.89%, and is 0.32% 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 3.17% over the week and 2.67% over the month.
Energy Transfer LP (ET) has around 16248 employees, a market worth around $65.30B and $82.67B in sales. Current P/E ratio is 14.80 and Fwd P/E is 11.67. Profit margin for the company is 5.32%. Distance from 52-week low is 30.39% and -11.28% from its 52-week high. The company has generated returns on investments over the last 12 months (4.60%).
with sales reaching $23.43B over the same period.The EPS is expected to grow by 18.70% this year, but quarterly earnings will post 12.64% year-over-year. Quarterly sales are estimated to grow 8.34% in year-over-year returns.
Energy Transfer LP (ET) Top Institutional Holders
The shares outstanding are 3.43B, and float is at 3.00B with Short Float at 0.94%.
The top institutional shareholder in the company is BLACKSTONE INC. with over 144.86 million shares valued at $2.35 billion. The investor’s holdings represent 4.2978% of the ET Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 75.96 million shares valued at $1.23 billion to account for 2.255 of the shares outstanding. The other top investors are ALPS ADVISORS INC which holds 71.23 million shares representing 2.1133% and valued at over $1.16 billion, while INVESCO LTD. holds 1.7283 of the shares totaling 58.22 million with a market value of $944.32 million.
Energy Transfer LP (ET) Insider Activity
A total of 0 insider transactions have happened at Energy Transfer LP (ET) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by McIlwain Gregory G., the company’s EVP – Operations. SEC filings show that McIlwain Gregory G. bought 20,000 shares of the company’s common stock on Aug 23 ’24 at a price of $15.68 per share for a total of $0.31 million. Following the purchase, the insider now owns 0.59 million shares.
Energy Transfer LP disclosed in a document filed with the SEC on Aug 12 ’24 that Long Thomas E (Co-CEO) bought a total of 20,000 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $15.68 per share for $0.31 million. Following the transaction, the insider now directly holds 4.31 million shares of the ET stock.
Still, SEC filings show that on Aug 12 ’24, WARREN KELCY L (Director) acquired 3,000,000 shares at an average price of $15.68 for $47.04 million. The insider now directly holds 123,385,650 shares of Energy Transfer LP (ET).
Energy Transfer LP (ET): Who are the competitors?
The company’s main competitors (and peers) include Enterprise Products Partners L.P. (EPD) that is trading 21.99% up over the past 12 months. Williams Cos. (WMB) that is 58.37% higher over the same period.
