According to the data made available by Bloomberg.com, each of the eight research analysts presently covering Energy Transfer L.P. (NYSE: E.T.) has recommended that the company’s shares should be “bought.” Seven analysts have recommended to investors that they buy the company’s stock, and one of those analysts has rated the shares of the company as a strong buy.
Brokerages have determined over the past year that they have produced a report on the stock that the average price estimate for the stock’s price over the next 12 months will be $16.43 per share.
In addition to that, on February 22, Kelcy L. Warren, who is the chairman of the company, bought a total of 1,339,398 shares of stock for his portfolio.
The total cost of purchasing the stock was 17,398,780.02 dollars, an average price of $12.99 per share.
Due to the transaction, the board’s chairman directly owns 56,917,875 shares.
The current market value of these shares is $739,363,196.25.
If you go to the website of the SEC, you should be able to find a legal file there that details the transaction in greater detail. 3.28 company insiders own a percent of the total shares currently outstanding.
The most recent reports on the E.T. stock were just released by several analysts not too long ago.
The price target that Wells Fargo & Company has set for energy transfer has increased from $15.00 to $16.00, as stated in a report that was made public on February 21.
In addition, the company reiterated that it believes the stock to be “overweight.” In a research report published on Thursday, February 16, Raymond James raised their price objective for Energy Transfer from $15.00 to $17.00 and rated the stock as a “strong buy.” The research paper concerning energy transfer was initially published by Citigroup on December 8, making that the first day of its availability.
They suggested investing in the company’s shares and determined that a price target of $16.00 was appropriate.
Barclays upgraded Energy Transfer’s stock to “overweight” and increased their price objective for the company from $14.00 to $15.00 in a research note that was made public on Wednesday, January 18.
Energy Transfer received an “overweight” rating from Morgan Stanley in a research report released on Monday, January 9.
Additionally, the price target that the brokerage firm has set for the company has increased from $17.00 to $18.00.
During the previous few months, several significant investors have revised the composition of their E.T. holdings.
B. Riley Financial Advisors INC increased the amount of Energy Transfer stock owned by 14.0% over the final three months of 2018. Following the purchase of an additional 78,588 shares during the most recent quarter, B. Riley Financial Advisors INC now owns 639,483 shares of stock in the pipeline company, which have a value of $7,591,000.
This brings the total number of shares the company has in its possession to 639,483.
Mather Group LLC increased its shareholding in Energy Transfer by 44.4% over the final three months of 2018.
During the fourth quarter, Mather Group LLC purchased 12,725 shares of the pipeline company’s stock.
This brings the total number of shares owned by the company to 41,380, valued at $490,000.
During the final three months of 2018, Rockefeller Capital Management L.P.
Increased the number of shares it owned in the company it already had a stake in, which is Energy Transfer, by 25.3%. Rockefeller Capital Management L.P. now owns 2,871,993 shares of the pipeline company’s stock, currently valued at $34,090,000.
This results from the company purchasing an additional 579,117 shares during the period in question.
During the last period of the fiscal year, the fourth quarter, Smithbridge Asset Management INC (D.E.) invested in energy transfer $226,000.
And finally, during the final three months of 2018, Whitener Capital Management INC increased its existing holdings in Energy Transfer by 15.9% by purchasing additional company shares. Whitener Capital Management INC now has 21,614 shares of the pipeline company’s stock, currently valued at $257,000, after making an additional purchase of 2,971 shares during the period in question. Shares of the company are currently held by 37.81% of institutional investors, including hedge funds and other types of institutional investors.
When trading started on Thursday, the price of a share of Energy Transfer was $11.94 per share.
The debt-to-equity ratio is 1.39, the current ratio is 1.17, and the quick ratio is 0.93.
All of these numbers are relative to one another.
These numbers can all be understood by one another.
The company has a price-to-earnings ratio of 8.59, and its beta level is currently at 1.75.
The market capitalization of the company is currently sitting at 36.95 billion dollars at this time.
The company has a simple moving average of $12.83 for the past 50 days, the same as its simple moving average for the past 200 days, which is $12.20.
Energy Transfer has traded as low as $9.15 per share over the previous year, while it has reached a historical high of $13.67 per share.
On February 15, a report on Energy Transfer’s (NYSE: E.T.) quarterly financial performance was made available to the public. On February 15, the pipeline company announced that it had made a profit of $0.34 per share for the previous quarter.
The pipeline company reported a quarterly profit of $0.34 per share, $0.05 less than the $0.37 per share that analysts had predicted the company would earn.
The actual revenue for the quarter was $20.50 billion, significantly lower than the analysts’ projections of $23.81 billion that was made for the quarter.
Energy Transfer’s return on equity was 13.55 percent, and the company’s net margin was 5.17% in the previous year’s business. Compared to the same quarter in the previous fiscal year, Energy Transfer reported a 9.9% increase in revenue for the most recent quarter.
The company generated earnings of $0.29 per share during the same period the year before. Stock and share market analysts predict that Energy Transfer will earn $1.43 per share during the current financial year.