Is Energy Transfer LP (NYSE: ET) Still On The Rise?

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas Midstream industry segment, falling under the Energy sector. The current market capitalization of Energy Transfer LP is $65.64B. A total of 22.13 million shares were traded on the day, compared to an average of 13.60M 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Energy Transfer LP pays an annual dividend of $1.27, resulting in a dividend yield of 6.69%, and it has a price to earnings (P/E) ratio of 14.03. ET’s most recent ex-dividend date was 11/8/2024 when it declared a $0.3225 quarterly dividend that was paid in cash on 11/19/2024. Previously, the company paid the dividend on 8/19/2024 with an ex-dividend date of 8/9/2024. The ET stock dividend was $0.32 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ET has a high of $19.07 and a low of $13.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $9.16, 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 4.77.

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