Energy Transfer LP (NYSE:ET) recovered 23.97% of its value since hitting low of $11.68. The recent move of 2.12% gain helped the stock to close at $14.48 when trading ended on 7/3/2019. At a recent session, the prices were hovering between $14.24 and $14.505. This company shares are 45.99% off its target price of $21.14 and the current market capitalization stands at $37.77B. The recent change has given its price a -0.6% deficit over SMA 50 and -24.54% deficit over its 52-week high. The stock witnessed 0.07% gains, -6.64% declines and 9.28% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ET’s volatility during a week at 1.7% and during a month it has been found around 1.85%.
What Does Energy Transfer LP (ET) Do?
The company describes itself in regulatory filings as, “Energy Transfer LP provides natural gas pipeline transportation and transmission services. It operates through following segments: Investment in ETP, Investment in Sunoco LP, Investment in Lake Charles LNG, and Corporate and Other. The Investment in ETP segment engages in the gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in some of the most prolific natural gas producing regions in the United States, including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon shales. The Investment in Sunoco LP segment is engaged in the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers, and distributors, as well as the retail sale of motor fuels and merchandise through Sunoco LP operated convenience stores and retail fuel sites. The Investment in Lake Charles LNG segment is engaged in interstate commerce and is subject to the rules, regulations and accounting requirements of the FERC. The Corporate and Other segment engages in the activities of the parent company. Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/ET/profile under company description.]Energy Transfer LP (ET) Top Holders
Institutional investors currently hold around $21.21 billion or 57.5% in ET stock. Look at its top three institutional owners: Goldman Sachs Group Inc owns $2.02 billion in Energy Transfer LP, which represents roughly 5.35% of the company’s market cap and approximately 9.54% of the institutional ownership. Similar statistics are true for the second largest owner, Harvest Fund Advisors Llc, which owns 115,663,413 shares of the stock are valued at $1.64 billion. The third largest holder is Tortoise Capital Advisors, L.L.C., which currently holds $1.31 billion worth of this stock and that ownership represents nearly 3.46% of its market capitalization.Energy Transfer LP 13F Filings
At the end of March reporting period, 354 institutional holders increased their position in Energy Transfer LP (NYSE:ET) by some 129,763,268 shares, 273 decreased positions by 108,102,196 and 182 held positions by 1,258,000,000. That puts total institutional holdings at 1,496,000,000 shares, according to SEC filings. The stock grabbed 82 new institutional investments totaling 6,902,230 shares while 62 institutional investors sold out their entire positions totaling 7,591,353 shares.Energy Transfer LP (NYSE:ET) Insider Trades
Multiple company employees have indulged in significant insider trading. Energy Transfer LP disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP and General Counsel Mason Thomas P has sold 75,000 shares of Energy Transfer LP (ET) in the trading session dated Jun. 17, 2019. These shares are worth $1,047,750 and were traded at $13.97 each. The SEC filing shows that Grimm Michael K performed a purchase of 3,888 shares. The Director added these shares by way of transaction on Jun. 14, 2019. The company’s shares were assimilated at $14.14 per share worth to an investment of some $54,976 to the account of Grimm Michael K.
CFO, Long Thomas E, purchased 24,500 common shares of Energy Transfer LP (ET) in the open market. In a transaction dated Dec. 24, 2018, the shares were bought at an average price of $12.05, giving away a sum of $295,225. After this purchase, 499,698 common shares of ET are directly owned by the insider, with total stake valued at $7,235,627.
In the transaction dated Nov. 19, 2018, a great number of shares acquired came courtesy the CEO; WARREN KELCY L added a total of 1,000,000 shares at an average price of $14.93, amounting to approximately $14,930,000. The insider now directly owns 241,479,586 shares worth $3,497,000,000.Energy Transfer LP (ET) Analyst Guide
Several analysts have released their opinion on Energy Transfer LP (NYSE:ET), with 11 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 6 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.53 average brokerage recommendation [T1].