Energy Transfer Director Buys $1,036,400 in Stock (ETP)
Energy Transfer (NYSE:ETP) Director Jamie Welch acquired 20,000 shares of Energy Transfer stock on the open market in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $51.82 per share, for a total transaction of $1,036,400.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ETP. Analysts at Barclays Capital raised their price target on shares of Energy Transfer (NYSE:ETP) from $57.00 to $59.00 in a research note to investors on Monday, August 12th. Separately, analysts at Deutsche Bank raised their price target on shares of Energy Transfer (NYSE:ETP) from $56.00 to $60.00 in a research note to investors on Friday, August 9th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Energy Transfer (NYSE:ETP) from $52.00 to $55.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock.
Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $52.50.
Shares of Energy Transfer (NYSE:ETP) traded down 0.88% on Thursday, hitting $51.57. 531,884 shares of the company’s stock traded hands. Energy Transfer has a one year low of $40.19 and a one year high of $54.85. The stock’s 50-day moving average is $51.67 and its 200-day moving average is $49.92. The company has a market cap of $19.402 billion and a P/E ratio of 33.57.
Energy Transfer Partners, L.P. (NYSE:ETP) is a limited partnership based in the United States engaged in natural gas operations.
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