After this afternoon's 2.3% surge to $19.86 per share, Energy Transfer LP might just keep moving past its target price of $20.4. With an average analyst rating of buy, and target prices from $17.0 to $23.0, the stock's next move is anyone's guess.
Energy Transfer LP's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 2.05. The company's insiders own 10.08% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 33.3%. In conclusion, we believe there is positive market sentiment regarding Energy Transfer LP.
Institutions Invested in Energy Transfer LP
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Blackstone Inc | 4% | 131,008,646 | $2,601,831,789 |
| 2024-09-30 | Goldman Sachs Group Inc | 2% | 70,925,042 | $1,408,571,377 |
| 2024-09-30 | Alps Advisors Inc. | 2% | 70,137,155 | $1,392,923,941 |
| 2024-09-30 | Morgan Stanley | 2% | 60,204,777 | $1,195,666,907 |
| 2024-09-30 | Invesco Ltd. | 2% | 58,293,035 | $1,157,699,710 |
| 2024-09-30 | Bank of America Corporation | 2% | 52,059,923 | $1,033,910,102 |
| 2024-09-30 | Tortoise Capital Advisors, LLC | 1% | 37,342,200 | $741,616,114 |
| 2024-09-30 | FMR, LLC | 1% | 33,379,297 | $662,912,858 |
| 2024-09-30 | UBS Group AG | 1% | 33,002,418 | $655,428,041 |
| 2024-09-30 | JP Morgan Chase & Company | 1% | 29,212,249 | $580,155,282 |
