Energy Transfer (NYSE:ET) Hits New 1-Year High – What’s Next?

Shares of Energy Transfer LP (NYSE:ET) hit a new 52-week high during trading on Thursday . The company traded as high as $21.84 and last traded at $21.6250, with a volume of 731063 shares trading hands. The stock had previously closed at $21.68.

Key Energy Transfer News

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

• Positive Sentiment: Texas Stock Exchange listing: Energy Transfer announced that it will transfer its common-unit listing from the New York Stock Exchange to the Texas Stock Exchange, with trading expected to begin October 5, 2026, while retaining the “ET” ticker. Management said the move reflects the partnership’s Texas heritage and could enhance visibility and support long-term growth. Energy Transfer to Transfer Stock Exchange Listings to Texas Stock Exchange
• Positive Sentiment: New buy rating: Stifel Nicolaus initiated coverage with a “Buy” rating and a $25 price target, implying approximately 15.5% upside from the reported share price. The recommendation adds institutional support to the recent rally.
• Positive Sentiment: Growth outlook remains constructive: Expanding natural-gas-liquids exports, rising demand from gas-fired power generation, and a multiyear project backlog are expected to drive EBITDA growth. The analysis also highlighted Energy Transfer’s approximately 6.3% distribution yield and valuation near 8.5 times forward EBITDA. Energy Transfer: Energy Revolution Drives Multi-Year Backlog Growth
• Positive Sentiment: Income appeal: Commentary emphasized that Energy Transfer’s distribution is covered roughly twice by cash flow, reinforcing its appeal as a relatively dependable income investment. Energy Transfer’s Payout Is Covered Twice Over
• Neutral Sentiment: Brokerages collectively maintain a “Moderate Buy” average recommendation, while the planned exchange switch is attracting attention but does not immediately change Energy Transfer’s underlying cash flows.

Wall Street Analysts Forecast Growth

ET has been the subject of a number of research reports. 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. Jefferies Financial Group reiterated a “buy” rating on shares of Energy Transfer in a report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Energy Transfer from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Weiss Ratings raised Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday. Finally, Stifel Nicolaus initiated coverage on Energy Transfer in a report on Thursday. They set a “buy” rating and a $25.00 target price on the stock. Two 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 stock. According to data from MarketBeat, Energy Transfer currently has a consensus rating of “Buy” and a consensus price target of $24.17.

Energy Transfer Stock Performance

The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 0.94. The company’s 50-day moving average price is $20.61 and its two-hundred day moving average price is $19.70. The company has a market capitalization of $74.50 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.73 and a beta of 0.57.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.21. The business had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. Energy Transfer’s quarterly revenue was up 78.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. On average, equities research analysts anticipate that Energy Transfer LP will post 1.7 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were given a $0.34 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 6.3%. Energy Transfer’s dividend payout ratio is 92.52%.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren bought 647,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the purchase, the director directly owned 147,901,879 shares of the company’s stock, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Perry bought 12,359 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $20.23 per share, with a total value of $250,022.57. Following the purchase, the director directly owned 208,046 shares of the company’s stock, valued at $4,208,770.58. This trade represents a 6.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 1,012,359 shares of company stock worth $21,513,543 over the last three months. 3.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Transfer

Several institutional investors have recently added to or reduced their stakes in the business. Arrow Investment Advisors LLC increased its stake in shares of Energy Transfer by 4.9% in the 2nd quarter. Arrow Investment Advisors LLC now owns 10,866 shares of the pipeline company’s stock valued at $208,000 after acquiring an additional 505 shares in the last quarter. Cypress Capital Management LLC WY boosted its stake in Energy Transfer by 3.9% during the second quarter. Cypress Capital Management LLC WY now owns 13,439 shares of the pipeline company’s stock worth $257,000 after acquiring an additional 509 shares in the last quarter. Argent Trust Co boosted its stake in Energy Transfer by 2.1% during the second quarter. Argent Trust Co now owns 26,035 shares of the pipeline company’s stock worth $498,000 after acquiring an additional 529 shares in the last quarter. State of Wyoming grew its holdings in Energy Transfer by 2.5% in the second quarter. State of Wyoming now owns 22,822 shares of the pipeline company’s stock worth $436,000 after purchasing an additional 548 shares during the period. Finally, Keybank National Association OH grew its holdings in Energy Transfer by 0.3% in the first quarter. Keybank National Association OH now owns 219,232 shares of the pipeline company’s stock worth $4,231,000 after purchasing an additional 556 shares during the period. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Company Profile

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.