Energy Transfer (NYSE:ET) Stock Price Down 2.9% – Here’s Why

Energy Transfer LP (NYSE:ET) traded down 2.9% during trading on Friday . The stock traded as low as $19.30 and last traded at $19.3490. 11,348,455 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 16,504,178 shares. The stock had previously closed at $19.92.

Energy Transfer News Summary

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

• Positive Sentiment: Several brokerage notes were favorable, including an average “Buy” rating and a separate Stifel Nicolaus view that ET’s stock price is expected to rise, reinforcing bullish sentiment around the company. Energy Transfer LP (NYSE:ET) Given Average Rating of “Buy” by Brokerages Energy Transfer (NYSE:ET) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Commentary around the company’s first-quarter results highlighted ET as still attractively valued with “a lot of growth ahead,” which may be encouraging income and value investors. Prediction: Energy Transfer’s Stock Is Still a Buy After a Strong Start to the Year
• Positive Sentiment: Recent coverage emphasized ET’s exposure to long-term demand themes like AI power needs and exports, suggesting investors see additional upside from infrastructure growth. Energy Transfer Q1 Earnings: Positioned For AI Power Boom Energy Transfer: AI Needs Terawatts, Not Just Chips
• Neutral Sentiment: ET’s Q1 2026 earnings call transcript is drawing attention as investors review management’s commentary on results, capital spending, and future growth plans. Energy Transfer LP (NYSE:ET) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: News that Ares Management bought a stake in the Rover Pipeline adds context to ET’s asset value, but the direct stock impact for Energy Transfer is less clear. Ares Management Corp. Acquires 32.4% Stake in Rover Pipeline from Blackstone

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a $22.00 price target (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Morgan Stanley lifted their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. Truist Financial assumed coverage on shares of Energy Transfer in a report on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $22.00.

Energy Transfer Price Performance

The company has a market capitalization of $66.57 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.08 and a beta of 0.57. The business’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $17.82. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Energy Transfer had a return on equity of 9.95% and a net margin of 4.66%.The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Energy Transfer LP will post 1.47 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be given 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 is Friday, May 8th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.0%. Energy Transfer’s payout ratio is presently 112.50%.

Institutional Trading of Energy Transfer

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of Energy Transfer by 93.4% in the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after purchasing an additional 11,844 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Energy Transfer by 62.8% in the 1st quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock worth $391,000 after purchasing an additional 8,118 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Energy Transfer by 6.2% in 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. raised its holdings in shares of Energy Transfer by 436.5% in 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 holdings in shares of Energy Transfer by 5.6% in the 2nd quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock worth $923,000 after purchasing an additional 2,700 shares in the last quarter. 38.22% of the stock is currently owned by 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.