Energy Transfer (NYSE:ET) Coverage Initiated at Melius Research

Equities research analysts at Melius Research initiated coverage on shares of Energy Transfer (NYSE:ET) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $25.00 price target on the pipeline company’s stock. Melius Research’s price objective points to a potential upside of 22.16% from the stock’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Energy Transfer from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Zacks Research downgraded shares of Energy Transfer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Stifel Nicolaus initiated coverage on shares of Energy Transfer in a research note on Thursday, September 10th. They set a “buy” rating and a $25.00 price target on the stock. Barclays reiterated an “overweight” rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a report on Wednesday, August 5th. Finally, Truist Financial upped their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.36.

Energy Transfer Trading Up 0.3%

Shares of ET opened at $20.46 on Tuesday. 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 has a 1-year low of $16.18 and a 1-year high of $21.84. The stock has a market cap of $70.47 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.68 and a beta of 0.57. The firm has a 50 day simple moving average of $20.89 and a 200-day simple moving average of $19.86.

Energy Transfer (NYSE:ET) last released its earnings results 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. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The company had revenue of $34.33 billion for the quarter, compared to analyst estimates of $27.71 billion. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 78.4% on a year-over-year basis. Equities analysts forecast that Energy Transfer will post 1.73 EPS for the current fiscal year.

Insider Activity at Energy Transfer

In related news, Director Kelcy L. Warren purchased 647,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the acquisition, the director owned 147,901,879 shares in the company, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Perry bought 12,359 shares of the business’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the purchase, 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 position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 1,012,359 shares of company stock worth $21,513,543. Corporate insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Texas Yale Capital Corp. lifted its holdings in shares of Energy Transfer by 6.1% during the fourth quarter. Texas Yale Capital Corp. now owns 1,311,965 shares of the pipeline company’s stock valued at $21,634,000 after purchasing an additional 75,700 shares during the last quarter. Summit Securities Group LLC increased its stake in Energy Transfer by 179.0% in the 1st quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company’s stock worth $3,129,000 after purchasing an additional 104,000 shares in the last quarter. North Star Investment Management Corp. increased its stake in Energy Transfer by 39.0% in the 1st quarter. North Star Investment Management Corp. now owns 224,439 shares of the pipeline company’s stock worth $4,332,000 after purchasing an additional 62,916 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in Energy Transfer during the 1st quarter worth about $61,760,000. Finally, 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 worth $36,451,000 after buying an additional 257,954 shares during the period. Institutional investors own 38.22% of the company’s stock.

Key Headlines Impacting Energy Transfer

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

• Positive Sentiment: Capital One initiated coverage with an Overweight rating and a $26 price target, implying substantial upside from recent trading levels. The bullish view likely reflects Energy Transfer’s scale, cash generation and exposure to growing U.S. energy infrastructure demand. Energy Transfer receives Overweight rating from Capital One
• Positive Sentiment: Energy Transfer is positioned to benefit from rising electricity and natural-gas demand linked to artificial-intelligence data centers. Recent revenue, earnings and distributable cash flow growth provides a fundamental reason for investors to remain constructive. Energy Transfer Taps the AI Power Boom
• Neutral Sentiment: Melius Research initiated coverage with a Hold rating but assigned a $25 price target. The target is above the current share price, yet the Hold recommendation signals that the analyst sees a balanced risk-reward profile rather than a clear near-term catalyst. Melius starts Energy Transfer coverage at Hold
• Negative Sentiment: Analysts have been resetting their views, contributing to recent selling pressure. Although published price targets remain above the market price, the mixed ratings appear to be limiting enthusiasm. Energy Transfer stock falls as analysts reset targets
• Negative Sentiment: Investors are also focused on Energy Transfer’s elevated debt and the risks associated with its planned Texas Stock Exchange move. Those concerns could offset strong operating results and make the stock more sensitive to interest rates and execution issues. The shares recently experienced a notable decline, reinforcing near-term caution. Energy Transfer stock moves lower

About Energy Transfer

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.