Currently, there are 3.42B common shares owned by the public and among those 2.94B shares have been available to trade.
The company’s stock has a 5-day price change of -0.95% and 15.85% over the past three months. ET shares are trading 36.67% year to date (YTD), with the 12-month market performance up to 37.46% higher. It has a 12-month low price of $13.60 and touched a high of $20.02 over the same period. ET has an average intraday trading volume of 14.83 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 -0.79%, 6.28%, and 15.43% respectively.
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Institutional ownership of Energy Transfer LP (NYSE: ET) shares accounts for 29.08% of the company’s 3.42B shares outstanding.
It has a market capitalization of $66.66B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 13.88, while the earnings-per-share (ttm) stands at $1.36. The company has a PEG of 0.89 and a Quick Ratio of 0.88 with the debt-to-equity ratio at 1.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.59% over the month.
Earnings per share for the fiscal year are expected to increase by 26.08%, and 10.26% over the next financial year. EPS should grow at an annualized rate of 15.62% 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. BofA Securities stated their Buy rating for the stock in a research note on October 17, 2024, with the firm’s price target at $20. Goldman coverage for the Energy Transfer LP (ET) stock in a research note released on October 06, 2023 offered a Neutral rating with a price target of $14. Pickering Energy Partners was of a view on October 03, 2023 that the stock is Outperform, while Citigroup gave the stock Buy rating on December 09, 2022, issuing a price target of $16. Morgan Stanley on their part issued Overweight rating on January 07, 2022.
