Is Energy Transfer LP (NYSE: ET) No Longer A Good Investment?

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.

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Stocks Info

ET belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. The current market capitalization of Energy Transfer LP is $53.11B. A total of 14.17 million shares were traded on the day, compared to an average of 12.56M shares.

In the most recent transaction, MCCREA MARSHALL S III bought 50,000 shares of ET for 13.19 per share on Dec 12 ’23. After the transaction, the Co-CEO now owns 7,272,754 company shares. In a previous transaction on Nov 13 ’23, 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 ’23 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 ’23. Company shares held by the Executive Chairman now total 66,578,477.

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 $1.25, resulting in a dividend yield of 7.89%, and it has a price to earnings (P/E) ratio of 14.50. ET’s most recent ex-dividend date was 2/6/2024 when it declared a $0.3150 quarterly dividend that was paid in cash on 2/20/2024. Previously, the company paid the dividend on 11/20/2023 with an ex-dividend date of 10/27/2023. The ET stock dividend was $0.3130 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. In terms of 52-week highs and lows, ET has a high of $16.04 and a low of $12.18.

As of this writing, ET has an earnings estimate of $Chicago Ethanol (Platts) Future per share for the current quarter. EPS was calculated based on a consensus of Ether Futures,Apr-2024 estimates, with a high estimate of $ETB/BRX per share and a lower estimate of $Micro Ether Futures,Apr-2024.

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 $50.56B in debt and $10.84B in liabilities at the time. Its Book Value Per Share was $8.98, 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 4.80.

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