In yesterday’s Wall Street session, Energy Transfer LP (NYSE:ET) shares traded at $15.82, down -0.75% from the previous session.
ET stock price is now 1.47% away from the 50-day moving average and 11.70% away from the 200-day moving average. The market capitalization of the company currently stands at $53.28B.
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, 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 $115.05 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 $27.14 million. A total of 14.72% of the company’s stock is owned by insiders.
During the past 12 months, Energy Transfer LP has had a low of $12.21 and a high of $16.40. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 1.18, and a quick ratio of 1.00.
The net profit margin was 4.38% and return on equity was 11.75% for ET. The company reported revenue of $21.63 billion for the quarter, compared to $19.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.87 percent.
