After Hours
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. Yahoo Finance discussed the stock recently as it posted Sunoco LP Announces Fourth Quarter and Full Year 2023 Earnings Release and Call Timing.
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Stocks Info
The company is listed on the NYSE and operates within the Oil & Gas Midstream industry segment. At the end of the last regular session, the stock closed at $13.77 and fluctuated between $13.90 as its day high and $13.73 as its day low. The current market capitalization of Energy Transfer LP is $46.30B. A total of 12.94 million shares were traded on the day, compared to an average of 14.25M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ET has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 2,025,500 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 0 SELLs from insiders. Insiders purchased 11,146,500 shares during that period but sold 0.
In the most recent transaction, MCCREA MARSHALL S III bought 50,000 shares of ET for 13.19 per share on Dec 12. After the transaction, the Co-CEO now owns 7,272,754 company shares. In a previous transaction on Nov 13, Mason Thomas P bought 8,000 shares at 13.17 per share. ET shares that EVP & Pres. LNG owns now total 1,715,720.
Among the insiders who bought shares, Whitehurst Bradford D. acquired of 10,000 shares on Nov 09 at a per-share price of $13.10. This resulted in the EVP holding 1,323,055 shares of ET after the transaction. In another insider transaction, WARREN KELCY L bought 1,000,000 shares at $13.33 per share on Nov 07. Company shares held by the Executive Chairman now total 66,578,477.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Energy Transfer LP pays an annual dividend of $1.25, resulting in a dividend yield of 9.06%, and it has a price to earnings (P/E) ratio of 12.99. ET’s most recent ex-dividend date was 10/27/2023 when it declared a $0.3130 quarterly dividend that was paid in cash on 11/20/2023. Previously, the company paid the dividend on 8/21/2023 with an ex-dividend date of 8/11/2023. The ET stock dividend was $0.31 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ET in the last 3 months, the mean price target is $17.81 with high estimates of $23.00 and low estimates of $14.00. In terms of 52-week highs and lows, ET has a high of $14.15 and a low of $11.45.
As of this writing, ET has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.27. The company reported an EPS of $0.25 in the last quarter, which was -24.20% lower than expectations of $0.33.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $50.56B in debt and $10.84B in liabilities at the time. Its Book Value Per Share was $8.60, while its Total Shareholder’s Equity was $40.13B.
Analysts Opinion
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. 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 4.77.
