Shares of Energy Transfer LP (NYSE:ET – Get Free Report) dropped 2.9% during trading on Friday . The stock traded as low as $19.30 and last traded at $19.3490. Approximately 11,348,455 shares traded hands during trading, a decline of 31% from the average daily volume of 16,504,178 shares. The stock had previously closed at $19.92.
Key Stories Impacting Energy Transfer
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
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on ET shares. Truist Financial initiated coverage on shares of Energy Transfer in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price objective for the company. Citigroup reissued a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. TD Cowen raised their price objective on Energy Transfer from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Energy Transfer in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $22.00.
Energy Transfer Stock Performance
The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. The stock has a market cap of $66.57 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.08 and a beta of 0.57. The business has a 50 day moving average price of $19.06 and a two-hundred day moving average price of $17.82.
Energy Transfer (NYSE:ET – Get Free Report) last issued its 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 return on equity of 9.95% and a net margin of 4.66%.The firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same period in the previous year, the firm 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, equities research analysts forecast that Energy Transfer LP will post 1.52 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be given a $0.3375 dividend. The ex-dividend date is Friday, May 8th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.0%. Energy Transfer’s dividend payout ratio is presently 111.67%.
Institutional Trading of Energy Transfer
Institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its holdings in Energy Transfer by 41.6% in the 4th quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after buying an additional 25,366,594 shares during the period. Alps Advisors Inc. increased its stake in shares of Energy Transfer by 8.0% during the fourth quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock valued at $1,382,573,000 after buying an additional 6,192,066 shares during the period. Invesco Ltd. raised its holdings in shares of Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock valued at $992,923,000 after acquiring an additional 1,773,042 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Energy Transfer by 0.3% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 38,675,828 shares of the pipeline company’s stock valued at $637,764,000 after acquiring an additional 103,245 shares in the last quarter. Finally, Energy Income Partners LLC lifted its stake in 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 worth $400,706,000 after acquiring an additional 326,653 shares during the period. 38.22% of the stock is currently 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.
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