View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005881/en/, https://www.businesswire.com/news/home/20201026005881/en/, Energy Transfer CEO steps down, executives named co-chiefs, Judge gives U.S. three weeks to detail Dakota Access pipeline options, President, Director & Chief Commercial Officer. The stock has a market capitalization of $14.61 billion, a PE ratio of 5.11 and a beta of 2.56. Shares of Energy Transfer LP Unit (NYSE:ET) have been assigned a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat reports. The pipeline company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.12). The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines. The stock outpaced the S&P 500's daily gain of 0.47%. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Creative Financial Designs Inc. ADV purchased a new stake in shares of Energy Transfer in the second quarter valued at $29,000. Further Reading: The mechanics of the bid-ask spread in trading. 39.83% of the stock is currently owned by hedge funds and other institutional investors. The stock has a market cap of $15.72 billion, a P/E ratio of 11.43 and a beta of 2.56. Sequoia Financial Advisors LLC Sells 11,237 Shares of salesforce.com, inc.

They issued a “hold” rating and a $10.00 price target on the stock. Baupost Group LLC MA acquired a new position in shares of Energy Transfer LP Unit in the 1st quarter valued at about $55,683,000. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural … Wells Fargo & Company downgraded Energy Transfer LP Unit from an “overweight” rating to an “equal weight” rating and set a $8.00 price target on the stock.

Energy Transfer LP (ET) closed the most recent trading day at $5.92, moving +0.68% from the previous trading session. For more information, visit the Energy Transfer website at energytransfer.com. Brookfield Asset Management Inc. acquired a new position in shares of Energy Transfer LP Unit in the 2nd quarter valued at about $120,118,000. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC).

It's not clear if Energy Transfer can win the Best Stocks contest this year, but even if it doesn't, ET stock is a great investment. Energy Transfer LP provides energy-related services. Receive News & Ratings for Energy Transfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer and related companies with MarketBeat.com's FREE daily email newsletter.

Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise … Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.1525 per ET common unit ($0.61 on an annualized basis) for the third quarter ended September 30, 2020. This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. Energy Transfer has a 1 year low of $3.75 and a 1 year high of $13.86. Finally, Morgan Stanley cut their price target on Energy Transfer LP Unit from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. Cerebellum GP LLC acquired a new stake in Energy Transfer during the third quarter worth about $31,000. As a group, sell-side analysts predict that Energy Transfer LP Unit will post 0.76 earnings per share for the current fiscal year.