Energy Transfer (NYSE:ET) Hits New 12-Month High – Time to Buy?

Energy Transfer LP (NYSE:ET) hit a new 52-week high on Thursday . The stock traded as high as $21.84 and last traded at $21.6250, with a volume of 731063 shares changing hands. The stock had previously closed at $21.68.

Key Energy Transfer News

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: Texas Stock Exchange listing: Energy Transfer announced that it will transfer its common-unit listing from the New York Stock Exchange to the Texas Stock Exchange, with trading expected to begin October 5, 2026, while retaining the “ET” ticker. Management said the move reflects the partnership’s Texas heritage and could enhance visibility and support long-term growth. Energy Transfer to Transfer Stock Exchange Listings to Texas Stock Exchange
• Positive Sentiment: New buy rating: Stifel Nicolaus initiated coverage with a “Buy” rating and a $25 price target, implying approximately 15.5% upside from the reported share price. The recommendation adds institutional support to the recent rally.
• Positive Sentiment: Growth outlook remains constructive: Expanding natural-gas-liquids exports, rising demand from gas-fired power generation, and a multiyear project backlog are expected to drive EBITDA growth. The analysis also highlighted Energy Transfer’s approximately 6.3% distribution yield and valuation near 8.5 times forward EBITDA. Energy Transfer: Energy Revolution Drives Multi-Year Backlog Growth
• Positive Sentiment: Income appeal: Commentary emphasized that Energy Transfer’s distribution is covered roughly twice by cash flow, reinforcing its appeal as a relatively dependable income investment. Energy Transfer’s Payout Is Covered Twice Over
• Neutral Sentiment: Brokerages collectively maintain a “Moderate Buy” average recommendation, while the planned exchange switch is attracting attention but does not immediately change Energy Transfer’s underlying cash flows.

Analysts Set New Price Targets

ET has been the subject of several research reports. Wall Street Zen upgraded Energy Transfer from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. TD Cowen reissued a “buy” rating and issued a $25.00 price objective (up from $24.00) on shares of Energy Transfer in a research note on Monday, August 10th. Finally, Stifel Nicolaus began coverage on Energy Transfer in a report on Thursday. They set a “buy” rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Energy Transfer has an average rating of “Buy” and a consensus target price of $24.17.

Energy Transfer Stock Performance

The stock has a market cap of $74.50 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 0.73 and a beta of 0.57. The company’s fifty day simple moving average is $20.61 and its two-hundred day simple moving average is $19.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 0.94.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. The firm had revenue of $34.33 billion during the quarter, compared to analysts’ expectations of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business’s revenue was up 78.4% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. On average, analysts forecast that Energy Transfer LP will post 1.7 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s payout ratio is 92.52%.

Insider Transactions at Energy Transfer

In other news, Director Kelcy L. Warren bought 647,968 shares of Energy Transfer stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $21.26 per share, for a total transaction of $13,775,799.68. Following the purchase, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. The trade was a 0.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Perry acquired 12,359 shares of Energy Transfer stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $20.23 per share, with a total value of $250,022.57. Following the completion of the transaction, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This represents a 6.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 1,012,359 shares of company stock valued at $21,513,543 in the last quarter. Company insiders own 3.28% of the company’s stock.

Institutional Trading of Energy Transfer

Hedge funds have recently bought and sold shares of the business. Texas Yale Capital Corp. grew its holdings in shares of Energy Transfer by 6.1% in the fourth quarter. Texas Yale Capital Corp. now owns 1,311,965 shares of the pipeline company’s stock worth $21,634,000 after purchasing an additional 75,700 shares during the last quarter. Summit Securities Group LLC increased its stake in shares of Energy Transfer by 179.0% in the first quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company’s stock worth $3,129,000 after buying an additional 104,000 shares during the period. North Star Investment Management Corp. raised its holdings in Energy Transfer by 39.0% during the 1st quarter. North Star Investment Management Corp. now owns 224,439 shares of the pipeline company’s stock valued at $4,332,000 after buying an additional 62,916 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Energy Transfer by 15.8% during the 1st quarter. Sanctuary Advisors LLC now owns 1,888,661 shares of the pipeline company’s stock valued at $36,451,000 after buying an additional 257,954 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in Energy Transfer during the 1st quarter valued at $61,760,000. 38.22% of the stock is currently owned by institutional investors.

Energy Transfer Company Profile

Energy Transfer LP (NYSE: ET) is a diversified midstream energy partnership that owns and operates infrastructure used to transport, store, process and market energy commodities. Its assets support the movement of natural gas, crude oil, natural gas liquids (NGLs), refined products and other hydrocarbon-based materials.

The company’s operations include natural gas gathering and processing, interstate and intrastate pipeline transportation, NGL fractionation and storage, crude oil and refined products transportation, and terminal services.