Energy Transfer (NYSE:ET) Trading 1.4% Higher – Time to Buy?

Energy Transfer LP (NYSE:ET) shares were up 1.4% on Tuesday . The stock traded as high as $19.44 and last traded at $19.54. Approximately 7,933,203 shares traded hands during trading, a decline of 41% from the average daily volume of 13,346,710 shares. The stock had previously closed at $19.2610.

Trending Headlines about Energy Transfer

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

• Positive Sentiment: US Capital Advisors raised earnings estimates for Energy Transfer across several periods, including FY2026, FY2027 and FY2028, suggesting improving profit expectations and supporting a more constructive view on the stock.
• Positive Sentiment: Analysts now have a consensus “Buy” rating on Energy Transfer LP, indicating Wall Street remains generally favorable on the company’s prospects.
• Positive Sentiment: MarketWatch reported ET outperformed peers on a strong trading day, which can attract momentum investors and signal relative strength in the midstream energy group.
• Neutral Sentiment: Energy Transfer announced the planned retirement of Co-CEO Marshall S. “Ma…” in a June 1 announcement. While leadership changes can matter, the market appears to be treating this as a routine transition for now. Energy Transfer announces planned retirement of Co-CEO McCrea

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup reaffirmed a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a research note on Thursday, May 7th. Wells Fargo & Company upped their price target on Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. increased their price target on Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Barclays reissued an “overweight” rating and issued a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a research note on Thursday, May 14th. Finally, Morgan Stanley upped their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Buy” and a consensus target price of $23.45.

Energy Transfer Price Performance

The company has a market cap of $67.33 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.13 and a beta of 0.55. The company has a 50-day simple moving average of $19.46 and a 200-day simple moving average of $18.23. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same period in the prior year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. As a group, research analysts predict that Energy Transfer LP will post 1.43 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a dividend of $0.3375 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.35 annualized dividend and a dividend yield of 6.9%. Energy Transfer’s dividend payout ratio is presently 112.50%.

Hedge Funds Weigh In On Energy Transfer

Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Energy Transfer by 93.4% in the fourth quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after acquiring an additional 11,844 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Energy Transfer by 62.8% during the first quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after acquiring an additional 8,118 shares during the last quarter. Geode Capital Management LLC increased its position in Energy Transfer by 6.2% during the 2nd quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock worth $2,455,000 after purchasing an additional 7,901 shares in the last quarter. Russell Investments Group Ltd. increased its position in Energy Transfer by 436.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company’s stock worth $76,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Energy Transfer by 5.6% in the 2nd quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock valued at $923,000 after purchasing an additional 2,700 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

About Energy Transfer

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.