Energy Transfer PartnersET
Market Cap: $53.6B
About: Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
Employees: 13,786
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
102% more call options, than puts
Call options by funds: $600M | Put options by funds: $298M
72% more repeat investments, than reductions
Existing positions increased: 442 | Existing positions reduced: 257
12% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 74
1% more funds holding
Funds holding: 1,046 [Q1] → 1,055 (+9) [Q2]
3% less capital invested
Capital invested by funds: $18.6B [Q1] → $18.1B (-$496M) [Q2]
2% less funds holding in top 10
Funds holding in top 10: 65 [Q1] → 64 (-1) [Q2]
2.05% less ownership
Funds ownership: 35.32% [Q1] → 33.27% (-2.05%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Jeremy Tonet 88% 1-year accuracy 22 / 25 met price target | 26%upside $20 | Overweight Maintained | 20 Jun 2024 |
Mizuho Gabriel Moreen 89% 1-year accuracy 17 / 19 met price target | 26%upside $20 | Buy Maintained | 18 Jun 2024 |
Morgan Stanley Robert Kad 89% 1-year accuracy 8 / 9 met price target | 26%upside $20 | Overweight Maintained | 10 Jun 2024 |
Financial journalist opinion
Based on 35 articles about ET published over the past 30 days