Energy Transfer (NYSE:ET) Hits New 52-Week High – Still a Buy?

Energy Transfer LP (NYSE:ET) reached a new 52-week high during trading on Thursday . The company traded as high as $20.74 and last traded at $20.6230, with a volume of 1237999 shares. The stock had previously closed at $20.34.

More Energy Transfer News

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

• Positive Sentiment: Strong second-quarter results and higher distribution: Energy Transfer reported second-quarter 2026 sales of $34.33 billion and net income of $2.09 billion, while earnings per unit exceeded expectations. The partnership also raised its quarterly cash distribution to $0.34 per common unit, reinforcing its income appeal. Did Strong Q2 Results and a Higher Payout Just Shift Energy Transfer’s Investment Narrative?
• Positive Sentiment: Growth outlook remains constructive: Analysts point to rising NGL exports, high pipeline and fractionator utilization, multi-year export commitments, and an accelerated capital-spending program as drivers of future EBITDA and distribution growth. Management continues to target roughly 3%–5% annual distribution growth while maintaining leverage near 4.0–4.5 times EBITDA. Energy Transfer Is Now Finally Firing on All Growth Cylinders
• Positive Sentiment: Value and income appeal: Zacks identified ET as a highly ranked value stock, while other coverage emphasized its approximately 6.6% distribution yield and improving profits. The combination of valuation support, cash income, and recent earnings beats could attract yield-focused investors. Energy Transfer Is a Top-Ranked Value Stock
• Negative Sentiment: Natural-gas market weakness: Natural-gas futures fell after a larger-than-expected storage build. Lower commodity prices can weigh on sentiment toward energy companies, although Energy Transfer’s fee-based pipeline, storage, and NGL businesses help reduce its direct exposure to gas-price volatility. Nat-Gas Prices Tumble on a Larger-Than-Expected Storage Build

Wall Street Analyst Weigh In

ET has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Energy Transfer from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Morgan Stanley upped their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and set a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research note on Thursday, July 16th. Finally, Citigroup reiterated a “buy” rating and issued a $24.00 price target (up from $23.00) on shares of Energy Transfer in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Energy Transfer currently has an average rating of “Buy” and an average price target of $23.67.

Energy Transfer Price Performance

The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17. The firm has a fifty day simple moving average of $19.63 and a two-hundred day simple moving average of $19.21. The firm has a market cap of $69.29 billion, a PE ratio of 13.70, a PEG ratio of 2.03 and a beta of 0.55.

Energy Transfer (NYSE:ET) last issued its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.21. The business had revenue of $34.33 billion for the quarter, compared to analysts’ expectations of $27.71 billion. Energy Transfer had a return on equity of 11.71% and a net margin of 4.87%.The company’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. Equities analysts predict that Energy Transfer LP will post 1.52 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be given a $0.34 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, August 7th. Energy Transfer’s dividend payout ratio (DPR) is presently 91.84%.

Hedge Funds Weigh In On Energy Transfer

Several institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new stake in shares of Energy Transfer in the 4th quarter worth about $25,000. Gables Capital Management Inc. lifted its holdings in shares of Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Energy Transfer in the 4th quarter valued at about $32,000. Cassaday & Co Wealth Management LLC purchased a new position in Energy Transfer in the first quarter worth about $35,000. Finally, Navalign LLC purchased a new position in Energy Transfer in the fourth quarter worth about $37,000. Institutional investors 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.