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Monday, June 5, 2023

This Is Too Hot For Energy Transfer LP (NYSE: ET), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Energy Transfer LP (ET) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.24%, to $12.79. The Energy Transfer LP has recorded 68,921 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Energy Transfer Reports Strong First Quarter 2023 Results and Updates 2023 Outlook.

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Stocks Info

As a NYSE listed company, ET falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $12.76 and fluctuated between $12.84 as its day high and $12.70 as its day low. The current market capitalization of Energy Transfer LP is $39.39B. A total of 6.28 million shares were traded on the day, compared to an average of 11.21M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ET has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 3,000,000 and the disposition of 0 shares. Over the last 12 months, there were 42 BUYs and 6 SELLs from insiders. Insiders purchased 15,226,915 shares during that period but sold 467,626.

In the most recent transaction, WARREN KELCY L bought 1,000,000 shares of ET for 12.49 per share on May 15. After the transaction, the Executive Chairman now owns 60,078,477 company shares. In a previous transaction on May 12, WARREN KELCY L bought 500,000 shares at 12.27 per share. ET shares that Executive Chairman owns now total 59,078,477.

Among the insiders who bought shares, WARREN KELCY L acquired of 1,660,602 shares on Feb 23 at a per-share price of $13.05. This resulted in the Executive Chairman holding 58,578,477 shares of ET after the transaction. In another insider transaction, WARREN KELCY L bought 1,339,398 shares at $12.99 per share on Feb 22. Company shares held by the Executive Chairman now total 56,917,875.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Energy Transfer LP pays an annual dividend of $1.23, resulting in a dividend yield of 9.64%, and it has a price to earnings (P/E) ratio of 9.49. ET’s most recent ex-dividend date was 5/5/2023 when it declared a $0.3080 quarterly dividend that was paid in cash on 5/22/2023. Previously, the company paid the dividend on 2/21/2023 with an ex-dividend date of 2/6/2023. The ET stock dividend was $0.3050 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ET in the last 3 months, the mean price target is $17.13 with high estimates of $21.00 and low estimates of $15.00. In terms of 52-week highs and lows, ET has a high of $13.67 and a low of $9.15.

As of this writing, ET has an earnings estimate of $0.37 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.27. The company reported an EPS of $0.34 in the last quarter, which was -10.50% lower than expectations of $0.38.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ET’s latest balance sheet shows that the firm has $336.00M in Cash & Short Term Investments as of fiscal 2021. There were $49.84B in debt and $10.84B in liabilities at the time. Its Book Value Per Share was $8.74, while its Total Shareholder’s Equity was $40.13B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ET is Buy with a score of 4.91.

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