Currently, there are 3.37B common shares owned by the public and among those 2.89B shares have been available to trade.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 11,146,500 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
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However, the script later moved the day high at 14.56, up 0.90%. The company’s stock has a 5-day price change of 4.38% and 8.91% over the past three months. ET shares are trading 5.43% year to date (YTD), with the 12-month market performance up to 10.73% higher. It has a 12-month low price of $11.45 and touched a high of $14.65 over the same period. ET has an average intraday trading volume of 14.52 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.78%, 4.59%, and 8.85% respectively.
Institutional ownership of Energy Transfer LP (NYSE: ET) shares accounts for 29.49% of the company’s 3.37B shares outstanding.
It has a market capitalization of $48.93B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 13.38, while the earnings-per-share (ttm) stands at $1.09. The company has a PEG of 1.63 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 1.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.46% over the week and 1.49% over the month.
Analysts forecast that Energy Transfer LP (ET) will achieve an EPS of $Ether Futures,Feb-2024 for the current quarter, $2,903.00 for the next quarter and $Future for Type. The lowest estimate earnings-per-share for the quarter is $ETB/GBP while analysts give the company a high EPS estimate of $ETB/USD. Comparatively, EPS for the current quarter was $Micro Ether Futures,Feb-2024 a year ago. Earnings per share for the fiscal year are expected to increase by 36.09%, and 7.28% over the next financial year. EPS should grow at an annualized rate of 8.20% over the next five years, compared to -0.88% over the past 5-year period.
Looking at the support for the ET, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on October 06, 2023, with the firm’s price target at $14.
