Energy Transfer LP stock is trading -15.19% below its average target price of $19.22 after marking a 1.9% during today's morning session. Analysts are giving the Large-Cap Oil & Gas Transportation and Processing company an average rating of buy and target prices ranging from $17.0 to $22.0 per share.
The stock has a very low short interest at 1.1%, and a short ratio of 1.97. The company's insiders own 10.0% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 33.8% of Energy Transfer LP's shares being owned by this investor type.
Institutions Invested in Energy Transfer LP
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Blackstone Inc | 4% | 144,862,658 | $2,361,261,214 |
| 2024-06-30 | Goldman Sachs Group Inc | 2% | 75,962,988 | $1,238,196,646 |
| 2024-06-30 | Alps Advisors Inc. | 2% | 71,229,819 | $1,161,045,995 |
| 2024-06-30 | Invesco Ltd. | 2% | 58,219,384 | $948,975,914 |
| 2024-06-30 | Morgan Stanley | 2% | 53,482,078 | $871,757,830 |
| 2024-06-30 | Bank of America Corporation | 2% | 52,632,977 | $857,917,484 |
| 2024-06-30 | Tortoise Capital Advisors, LLC | 1% | 36,668,846 | $597,702,161 |
| 2024-06-30 | UBS Group AG | 1% | 34,718,127 | $565,905,443 |
| 2024-06-30 | JP Morgan Chase & Company | 1% | 30,387,355 | $495,313,863 |
| 2024-06-30 | First Reserve GP XIII Ltd | 1% | 23,340,380 | $380,448,176 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Energy Transfer LP.
