Energy Transfer LP (NYSE:ET – Get Free Report) was down 1.1% on Thursday . The company traded as low as $16.19 and last traded at $16.2150. Approximately 16,125,409 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 14,895,715 shares. The stock had previously closed at $16.39.
Key Energy Transfer News
Here are the key news stories impacting Energy Transfer this week:
- Positive Sentiment: U.S. Army Corps of Engineers says the Dakota Access pipeline should continue operating — reduces regulatory/operational risk for a major pipeline that supports fee-based cash flow. Energy Transfer: An 8.1% Yield, Undervalued And A Buy As Debt Fears Are Overdone
- Positive Sentiment: Energy Transfer is upsizing capacity on the Transwestern Desert Southwest expansion — implies higher contracted volumes and near‑term revenue upside from incremental tariff income. Energy Transfer to Upsize Transwestern Pipeline’s Desert Southwest Expansion Project
- Positive Sentiment: Several bullish commentaries argue ET is undervalued with an ~8% yield and stable fee-based EBITDA (claims of 20–39% upside by 2026) — supports income-focused investor demand and buy-side interest. Energy Transfer: An 8.1% Yield, Undervalued And A Buy As Debt Fears Are Overdone
- Neutral Sentiment: Longer-term performance pieces and dividend roundups highlight ET’s high yield and multi-year returns — may attract income investors but are less likely to move intraday momentum. If You Invested $100 In Energy Transfer Stock 5 Years Ago, You Would Have This Much Today
- Negative Sentiment: Energy Transfer announced it is suspending development of the Lake Charles LNG export project to reallocate capital to pipeline projects — reduces potential high-margin LNG upside and signals more conservative capital deployment, which some investors view as lost growth optionality. Energy Transfer suspends development of its Lake Charles LNG export project
- Negative Sentiment: Morgan Stanley downgraded ET to equal weight from overweight — analyst downgrade can reduce institutional demand and weigh on sentiment near-term. Energy Transfer LP downgraded to equal weight from overweight at Morgan Stanley
- Negative Sentiment: Critical analyst pieces highlight execution risks, EBITDA pressures and misconceptions — adds to cautious investor narratives and can pressure the multiple. Energy Transfer: A Stock With Many Problems And Misconceptions
- Negative Sentiment: Short-term market commentary notes a recent share dip and intraday weakness — reflects the aggregate effect of the negative items above and analyst caution. Energy Transfer LP (ET) Stock Sinks As Market Gains: Here’s Why
Analysts Set New Price Targets
A number of research analysts have commented on ET shares. Weiss Ratings restated a “buy (b-)” rating on shares of Energy Transfer in a research note on Thursday. Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a research note on Monday, December 15th. Jefferies Financial Group set a $17.00 price objective on Energy Transfer and gave the stock a “hold” rating in a report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and set a $22.00 price objective on shares of Energy Transfer in a research report on Wednesday, October 15th. Finally, Scotiabank decreased their target price on shares of Energy Transfer from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.75.
Energy Transfer Trading Up 1.2%
The stock has a market capitalization of $56.31 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.98 and a beta of 0.65. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average of $16.67 and a two-hundred day moving average of $17.25.
Energy Transfer (NYSE:ET – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The firm had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $21.84 billion. Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. On average, research analysts expect that Energy Transfer LP will post 1.46 EPS for the current year.
Energy Transfer Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Friday, November 7th were given a dividend of $0.3325 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.33 dividend on an annualized basis and a yield of 8.1%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio (DPR) is presently 106.40%.
Insider Transactions at Energy Transfer
In other news, Director Kelcy L. Warren purchased 1,000,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the acquisition, the director directly owned 104,577,803 shares of the company’s stock, valued at approximately $1,772,593,760.85. The trade was a 0.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.28% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ET. Alps Advisors Inc. increased its stake in Energy Transfer by 4.5% during the third quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock valued at $1,332,492,000 after acquiring an additional 3,366,734 shares during the period. Invesco Ltd. grew its holdings in shares of Energy Transfer by 3.2% during the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after purchasing an additional 1,773,042 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of Energy Transfer by 2.6% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 38,205,495 shares of the pipeline company’s stock valued at $710,240,000 after purchasing an additional 951,656 shares during the period. Energy Income Partners LLC raised its stake in shares of Energy Transfer by 1.4% in the third quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company’s stock valued at $400,706,000 after purchasing an additional 326,653 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Energy Transfer by 2.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,898,420 shares of the pipeline company’s stock worth $375,777,000 after purchasing an additional 544,944 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.
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.
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