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Tuesday, September 26, 2023

There’s No Getting Around Energy Transfer LP (NYSE: ET) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Energy Transfer LP (ET) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $13.50. The Energy Transfer LP has recorded 157,650 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Energy Transfer to Acquire Crestwood in a $7.1 Billion All-Equity Transaction.

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Stocks Info

ET belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $13.50 and fluctuated between $13.81 as its day high and $13.50 as its day low. The current market capitalization of Energy Transfer LP is $41.97B. A total of 12.62 million shares were traded on the day, compared to an average of 10.98M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ET has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 10,000 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 6 SELLs from insiders. Insiders purchased 15,341,624 shares during that period but sold 467,626.

In the most recent transaction, MCCREA MARSHALL S III bought 50,000 shares of ET for 13.79 per share on Sep 05. After the transaction, the Co-CEO now owns 6,769,267 company shares. In a previous transaction on Sep 01, MCCREA MARSHALL S III bought 50,000 shares at 13.64 per share. ET shares that Co-CEO owns now total 6,719,267.

Among the insiders who bought shares, Whitehurst Bradford D. acquired of 10,000 shares on Aug 22 at a per-share price of $13.00. This resulted in the EVP holding 1,313,055 shares of ET after the transaction. In another insider transaction, WARREN KELCY L bought 1,150,000 shares at $13.00 per share on Aug 21. Company shares held by the Executive Chairman now total 64,578,477.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Energy Transfer LP pays an annual dividend of $1.24, resulting in a dividend yield of 9.19%, and it has a price to earnings (P/E) ratio of 11.21. ET’s most recent ex-dividend date was 8/11/2023 when it declared a $0.31 quarterly dividend that was paid in cash on 8/21/2023. Previously, the company paid the dividend on 5/22/2023 with an ex-dividend date of 5/5/2023. The ET stock dividend was $0.3080 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ET in the last 3 months, the mean price target is $17.27 with high estimates of $22.00 and low estimates of $15.00. In terms of 52-week highs and lows, ET has a high of $13.85 and a low of $10.02.

As of this writing, ET has an earnings estimate of $Energy Transfer LP per share for the current quarter. EPS was calculated based on a consensus of AT&T Inc. estimates, with a high estimate of $Tidal ETF Trust II YieldMax TSL per share and a lower estimate of $F/m Opportunistic Income ETF.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $8.80, while its Total Shareholder’s Equity was $40.13B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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