In yesterday’s Wall Street session, Energy Transfer LP (NYSE:ET) shares traded at $15.73, down -1.56% from the previous session.
ET stock price is now 2.37% away from the 50-day moving average and 12.07% away from the 200-day moving average. The market capitalization of the company currently stands at $52.97B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, MCCREA MARSHALL S III, Co-CEO bought 50,000 shares of the company’s stock on Dec 12 ’23. The stock was bought for $659,500 at an average price of $13.19. Upon completion of the transaction, the Co-CEO now directly owns 7,272,754 shares in the company, valued at $114.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’23, EVP & Pres. LNG Mason Thomas P bought 8,000 shares of the business’s stock. A total of $105,360 was incurred on buying the stock at an average price of $13.17. This leaves the insider owning 1,715,720 shares of the company worth $26.99 million. A total of 14.70% of the company’s stock is owned by insiders.
During the past 12 months, Energy Transfer LP has had a low of $12.18 and a high of $16.07. As of last week, the company has a debt-to-equity ratio of 1.45, a current ratio of 1.10, and a quick ratio of 0.86.
According to the Oil & Gas Midstream Company, earnings per share came in at 0.32, missing analysts’ expectations of 0.37 by -0.05. This compares to $0.47 EPS in the same period last year. The net profit margin was 4.41% and return on equity was 11.28% for ET. The company reported revenue of $20.53 billion for the quarter, compared to $20.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.15 percent. For the current quarter, analysts expect ET to generate $21.04B in revenue.
