Energy Transfer LP (NYSE:ET) shares traded 1.71% higher at $13.69 on Wall Street last session.
In accordance with the data, 19 analysts cover Energy Transfer LP (NYSE:ET). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $14.00, we find $17.00. Given the previous closing price of $13.46, this indicates a potential upside of 26.3 percent. ET stock price is now 2.35% away from the 50-day moving average and 6.66% away from the 200-day moving average. The market capitalization of the company currently stands at $43.06B.
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It has been rated a hold by 1 analysts and a buy by 14. Brokers who have rated the stock have averaged $17.06 as their price target over the next twelve months.
In other news, MCCREA MARSHALL S III, Co-CEO bought 50,000 shares of the company’s stock on Sep 05. The stock was bought for $689,500 at an average price of $13.79. Upon completion of the transaction, the Co-CEO now directly owns 6,769,267 shares in the company, valued at $92.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Co-CEO MCCREA MARSHALL S III bought 50,000 shares of the business’s stock. A total of $682,000 was incurred on buying the stock at an average price of $13.64. This leaves the insider owning 6,719,267 shares of the company worth $91.99 million. Insiders disposed of 467,626 shares of company stock worth roughly $6.4 million over the past 1 year. A total of 16.51% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ET stock. A new stake in Energy Transfer LP shares was purchased by ENCAP FLATROCK MIDSTREAM FUND IV, L.P. during the first quarter worth $286,676,000. ENCAP FLATROCK MIDSTREAM FUND III, L.P. invested $264,624,000 in shares of ET during the first quarter. In the first quarter, JUMP FINANCIAL, LLC acquired a new stake in Energy Transfer LP valued at approximately $11,287,000. PAYDEN & RYGEL acquired a new stake in ET for approximately $10,811,000. REQUISITE CAPITAL MANAGEMENT, LLC purchased a new stake in ET valued at around $6,848,000 in the second quarter. In total, there are 1,020 active investors with 29.87% ownership of the company’s stock.
Energy Transfer LP (NYSE: ET) opened at $13.69 on Monday. During the past 12 months, Energy Transfer LP has had a low of $11.08 and a high of $14.09. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 0.81, and a quick ratio of 0.64. According to the stock market information, the enterprise value for the company is $91.69B, which is based on a 11.39 price-to-earnings ratio, a 1.90 price-to-earnings-growth ratio, and a beta of 1.65. The fifty day moving average price for ET is $13.39 and a two-hundred day moving average price translates $12.85 for the stock.
The latest earnings results from Energy Transfer LP (NYSE: ET) was released for Jun, 2023. The net profit margin was 4.64% and return on equity was 12.64% for ET. The company reported revenue of $18.32 billion for the quarter, compared to $25.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.39 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/21/2023. Investors who held shares on 08/14/2023 were paid a $0.31 dividend. On an annualized basis, this represents a $1.25 dividend and a 9.10% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, ET is presently at 62.23%.
