ET has been the subject of several other research reports. Raymond James set a $29.00 target price on shares of Seacoast Banking Co. of Florida and gave the company a buy rating in a research note on Friday, June 21st. Citigroup set a $86.00 target price on shares of Prologis and gave the company a buy rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $19.50.
NYSE ET opened at $15.10 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.81 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average of $14.34. Energy Transfer LP Unit has a twelve month low of $11.68 and a twelve month high of $19.19. The company has a market capitalization of $39.21 billion, a PE ratio of 13.13 and a beta of 1.55.
In related news, Director Michael K. Grimm purchased 3,888 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of $14.14 per share, with a total value of $54,976.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas P. Mason sold 75,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $13.97, for a total transaction of $1,047,750.00. The disclosure for this sale can be found here. Company insiders own 3.28% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focused Wealth Management Inc bought a new stake in shares of Energy Transfer LP Unit during the first quarter valued at approximately $25,000. Meridian Wealth Management LLC bought a new stake in shares of Energy Transfer LP Unit during the first quarter valued at approximately $28,000. OLD Second National Bank of Aurora bought a new stake in shares of Energy Transfer LP Unit during the second quarter valued at approximately $27,000. Global Retirement Partners LLC bought a new stake in shares of Energy Transfer LP Unit during the first quarter valued at approximately $32,000. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Energy Transfer LP Unit during the first quarter valued at approximately $34,000. 56.97% of the stock is currently owned by institutional investors and hedge funds.
About Energy Transfer LP Unit
Energy Transfer LP provides energy-related services in the United States and China. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 12,200 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.
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