Energy Transfer LP (NYSE:ET) shares traded -1.06% lower at $17.76 on Wall Street last session.
ET stock price is now 1.36% away from the 50-day moving average and -0.42% away from the 200-day moving average. The market capitalization of the company currently stands at $60.95B.
In other news, McIlwain Gregory G., EVP – Operations bought 20,000 shares of the company’s stock on Aug 23 ’24. The stock was bought for $313,600 at an average price of $15.68. Upon completion of the transaction, the EVP – Operations now directly owns 591,211 shares in the company, valued at $10.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Co-CEO Long Thomas E bought 20,000 shares of the business’s stock. A total of $313,600 was incurred on buying the stock at an average price of $15.68. This leaves the insider owning 4,308,859 shares of the company worth $76.53 million. A total of 9.28% of the company’s stock is owned by insiders.
During the past 12 months, Energy Transfer LP has had a low of $14.60 and a high of $21.45. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 1.12, and a quick ratio of 0.92.
The net profit margin was 5.56% and return on equity was 13.73% for ET. The company reported revenue of $21.02 billion for the quarter, compared to $21.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.82 percent. For the current quarter, analysts expect ET to generate $24.07B in revenue.
