Energy Transfer LP (NYSE:ET) Receives $24.17 Average PT from Brokerages

Shares of Energy Transfer LP (NYSE:ET) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.1667.

A number of equities analysts recently commented on the company. Wall Street Zen raised Energy Transfer from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of Energy Transfer from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Barclays reissued an “overweight” rating and set a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research note on Wednesday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, July 21st. Finally, Truist Financial increased their price target on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th.

Key Energy Transfer News

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

• Positive Sentiment: New $25 price target: Stifel Nicolaus initiated coverage of Energy Transfer with a “buy” rating and a $25 target, implying meaningful upside from recent trading levels. Stifel Energy Transfer coverage
• Positive Sentiment: Momentum from energy prices: ET has continued rallying as energy prices rise, with the stock reaching an all-time high. The move to the Texas exchange has also added visibility and investor interest. What’s next for the soaring Energy Transfer stock?
• Positive Sentiment: Income-investment appeal: Commentary highlighted that Energy Transfer’s distribution is covered roughly twice by distributable cash flow, reinforcing confidence in the sustainability of its payout and supporting demand from income-oriented investors. Energy Transfer’s payout coverage
• Neutral Sentiment: Texas Stock Exchange listing: Energy Transfer will transfer its common-unit listing from the NYSE to TXSE, with trading expected to begin October 5, 2026. The units will retain the “ET” ticker. Management says the move reflects the company’s Texas roots and could broaden visibility, but the direct financial impact remains uncertain. Energy Transfer to Transfer Stock Exchange Listings to Texas Stock Exchange
• Neutral Sentiment: Broker sentiment remains favorable: Analysts collectively rate ET “Moderate Buy,” providing additional support for the stock’s recent strength, although this is not a new earnings catalyst. Energy Transfer average brokerage recommendation

Insider Buying and Selling

In related news, Director Kelcy Warren acquired 647,968 shares of the stock in a transaction dated Wednesday, August 19th. The stock was bought 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Perry bought 12,359 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the transaction, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This trade represents a 6.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,012,359 shares of company stock worth $21,513,543 over the last 90 days. Company insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ET. Basepoint Wealth LLC acquired a new position in Energy Transfer during the fourth quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in shares of Energy Transfer in the second quarter worth approximately $25,000. Gables Capital Management Inc. lifted its holdings in shares of Energy Transfer by 60.0% in the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Energy Transfer during the fourth quarter valued at approximately $32,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Energy Transfer during the first quarter worth $35,000. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Down 0.8%

Shares of ET stock opened at $21.55 on Thursday. The stock has a market cap of $74.19 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 0.73 and a beta of 0.57. The stock has a 50 day simple moving average of $20.70 and a 200 day simple moving average of $19.73. Energy Transfer has a 1 year low of $16.18 and a 1 year high of $21.84. 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 (NYSE:ET) last issued its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.38 by $0.21. The company 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 for the quarter was up 78.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. On average, research analysts predict that Energy Transfer will post 1.75 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

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

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.