Scotiabank Expects Stronger Earnings for Energy Transfer

Energy Transfer LP (NYSEAMERICAN:ET) – Stock analysts at Scotiabank increased their FY2026 earnings estimates for Energy Transfer in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst B. Bingham now forecasts that the pipeline company will post earnings of $1.66 per share for the year, up from their prior forecast of $1.65. The consensus estimate for Energy Transfer’s current full-year earnings is $1.73 per share. Scotiabank also issued estimates for Energy Transfer’s FY2027 earnings at $1.74 EPS.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, September 8th. Morgan Stanley upped their target price on Energy Transfer from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Citigroup reissued a “buy” rating and set a $24.00 price target (up from $23.00) on shares of Energy Transfer in a research report on Friday, August 7th. Zacks Research lowered Energy Transfer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Barclays reiterated an “overweight” rating and issued a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Energy Transfer currently has an average rating of “Moderate Buy” and an average price target of $24.60.

Energy Transfer Stock Down 0.4%

Shares of ET stock opened at $20.04 on Friday. The firm’s fifty day moving average price is $20.83 and its two-hundred day moving average price is $20.05. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. Energy Transfer has a 1 year low of $16.18 and a 1 year high of $21.84. The firm has a market capitalization of $69.00 billion, a P/E ratio of 13.63 and a beta of 0.60.

Energy Transfer (NYSEAMERICAN:ET) last announced its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.38 by $0.21. The business 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 firm’s revenue was up 78.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arrow Investment Advisors LLC boosted its position in shares of Energy Transfer by 4.9% during the second quarter. Arrow Investment Advisors LLC now owns 10,866 shares of the pipeline company’s stock valued at $208,000 after buying an additional 505 shares during the last quarter. Cypress Capital Management LLC WY raised its holdings in shares of Energy Transfer by 3.9% in the 2nd quarter. Cypress Capital Management LLC WY now owns 13,439 shares of the pipeline company’s stock worth $257,000 after purchasing an additional 509 shares during the period. Argent Trust Co raised its stake in Energy Transfer by 2.1% in the 2nd quarter. Argent Trust Co now owns 26,035 shares of the pipeline company’s stock valued at $498,000 after acquiring an additional 529 shares during the period. State of Wyoming boosted its position in Energy Transfer by 2.5% during the second quarter. State of Wyoming now owns 22,822 shares of the pipeline company’s stock worth $436,000 after purchasing an additional 548 shares during the period. Finally, Keybank National Association OH boosted its position in Energy Transfer by 0.3% during the first quarter. Keybank National Association OH now owns 219,232 shares of the pipeline company’s stock worth $4,231,000 after purchasing an additional 556 shares during the period. Institutional investors own 38.22% of the company’s stock.

Insider Transactions at Energy Transfer

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

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be issued a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, November 6th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s payout ratio is currently 92.52%.

About Energy Transfer

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.