Are Things Looking Up For Energy Transfer LP (NYSE: ET)?

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.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Midstream industry segment. The current market capitalization of Energy Transfer LP is $56.12B. A total of 8.93 million shares were traded on the day, compared to an average of 14.77M shares.

In the most recent transaction, McIlwain Gregory G. bought 20,000 shares of ET for 15.68 per share on Aug 23 ’24. After the transaction, the EVP – Operations now owns 591,211 company shares. In a previous transaction on Aug 12 ’24, Long Thomas E bought 20,000 shares at 15.68 per share. ET shares that Co-CEO owns now total 4,308,859.

Among the insiders who bought shares, WARREN KELCY L acquired of 3,000,000 shares on Aug 12 ’24 at a per-share price of $15.68. This resulted in the Director holding 123,385,650 shares of ET after the transaction. In another insider transaction, MCCREA MARSHALL S III bought 50,000 shares at $13.19 per share on Dec 12 ’23. Company shares held by the Co-CEO now total 7,272,754.

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 $1.26, resulting in a dividend yield of 7.71%, and it has a price to earnings (P/E) ratio of 13.88. ET’s most recent ex-dividend date was 8/9/2024 when it declared a $0.32 quarterly dividend that was paid in cash on 8/19/2024. Previously, the company paid the dividend on 5/20/2024 with an ex-dividend date of 5/10/2024. The ET stock dividend was $0.3170 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. In terms of 52-week highs and lows, ET has a high of $16.64 and a low of $12.90.

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 $9.04, 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.

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