Energy Transfer LP [ET] is 50.49% higher this YTD. Is it still time to buy?

Energy Transfer LP [NYSE: ET] loss -0.43% on the last trading session, reaching $9.30 price per share at the time. The company report on September 1, 2021 that Energy Transfer Signs Power Purchase Agreement With SB Energy for 120 Megawatts of Electricity From Eiffel Solar Project.

Energy Transfer’s Second Renewable Energy Power Purchase Agreement.

Energy Transfer (NYSE: ET) announced it signed a 15-year Power Purchase Agreement (PPA) with San Francisco-based SB Energy for 120 megawatts of electricity from its Eiffel Solar project in northeast Texas. Energy Transfer is a Fortune 100 midstream energy company based in Dallas.

Energy Transfer LP represents 2.70 billion in outstanding shares, while the company has a total market value of $25.21 billion with the latest information. ET stock price has been found in the range of $9.29 to $9.68.

If compared to the average trading volume of 12.40M shares, ET reached a trading volume of 25541313 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Energy Transfer LP [ET]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ET shares is $13.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ET stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Energy Transfer LP shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on May 21, 2021, representing the official price target for Energy Transfer LP stock. Previously, the target price had yet another raise from $12 to $13, while Wells Fargo kept a Overweight rating on ET stock.

The Average True Range (ATR) for Energy Transfer LP is set at 0.26, with the Price to Sales ratio for ET stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 0.10. Price to Free Cash Flow for ET in the course of the last twelve months was 4.52 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for ET stock

Energy Transfer LP [ET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.11. With this latest performance, ET shares dropped by -2.21% in over the last four-week period, additionally plugging by 14.96% over the last 6 months – not to mention a rise of 57.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ET stock in for the last two-week period is set at 45.26, with the RSI for the last a single of trading hit 44.41, and the three-weeks RSI is set at 45.53 for Energy Transfer LP [ET]. The present Moving Average for the last 50 days of trading for this stock 9.63, while it was recorded at 9.34 for the last single week of trading, and 8.55 for the last 200 days.

Energy Transfer LP [ET]: A deeper dive into fundamental analysis

Energy Transfer LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

Energy Transfer LP [ET]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Energy Transfer LP go to -6.90%.

An analysis of insider ownership at Energy Transfer LP [ET]

There are presently around $9,597 million, or 38.90% of ET stock, in the hands of institutional investors. The top three institutional holders of ET stocks are: BLACKSTONE INC with ownership of 152,981,963, which is approximately 16.256% of the company’s market cap and around 1.80% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 68,999,129 shares of the stock with an approximate value of $641.69 million in ET stocks shares; and INVESCO LTD., currently with $556.02 million in ET stock with ownership of nearly -3.612% of the company’s market capitalization.

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329 institutional holders increased their position in Energy Transfer LP [NYSE:ET] by around 125,152,500 shares. Additionally, 295 investors decreased positions by around 115,181,589 shares, while 192 investors held positions by with 791,582,197 shares. The mentioned changes placed institutional holdings at 1,031,916,286 shares, according to the latest SEC report filing. ET stock had 69 new institutional investments in for a total of 12,802,023 shares, while 61 institutional investors sold positions of 12,353,759 shares during the same period.

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