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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom

Energy Transfer (ET) Stock Price, News & Analysis

$15.22
+0.12 (+0.79%)
(As of 04/17/2024 ET)
Today's Range
$14.97
$15.27
50-Day Range
$13.91
$16.00
52-Week Range
$12.18
$16.04
Volume
11.78 million shs
Average Volume
12.46 million shs
Market Capitalization
$51.30 billion
P/E Ratio
13.97
Dividend Yield
8.28%
Price Target
$17.57

Energy Transfer MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
15.4% Upside
$17.57 Price Target
Short Interest
Healthy
1.11% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.09mentions of Energy Transfer in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.86%
From $1.44 to $1.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.64 out of 5 stars

Oils/Energy Sector

139th out of 230 stocks

Natural Gas Transmission Industry

8th out of 18 stocks

ET stock logo

About Energy Transfer Stock (NYSE:ET)

Energy Transfer LP is a limited partnership operating midstream energy assets in the US. The company is an integrated and diversified play on energy that deals in natural gas and crude oil and their derivatives. The company’s operating territory spans the North American energy infrastructure system with operations in 41 states and Canada and is systemically important.

The company was founded n 1995 by Kelcy Warren and Ray Davis. The company was private until 2004 when it IPOd. It operated as a stand-alone business until 2011 when it joined forces with Regency Energy Partners to purchase assets from Castleton Commodities International and begin a growth phase. As of 2022, Mr. Warren remains as Chairperson. The company is headquartered in Houston, Texas but maintains an international office in Beijing.

Among other notable acquisitions are the purchase of Sunoco and Sunoco logistics partners and the eventual absorption of Regency Energy Partners. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018 along with some internal structural changes.

Today the company operates a vast network of natural gas and crude oil collection, processing and storage facilities along with the pipelines to move it. The company’s subsidiaries include but are not limited to Sunoco LP, Sunoco Logistics Partners, USA Compression Partners and it owns 100% or a controlling interest in pipelines that include the Dakota Access Pipeline, the Bayou Bridge Pipeline and the Florida Gas Transmission Pipeline.

Energy Transfer Partner LP owns or controls more than 120,000 miles of pipeline infrastructure, including natural gas, crude oil and derivative vehicles. The company controls or owns five natural gas storage facilities and over a dozen natural gas or LNG processing plants. The company can compress and deliver LNG to transport vessels as well as process, store and deliver propane. Its downstream operations include wholesaling natural gas and derivative crude oil products to utility companies, industrial users, and consumers.

As of 2022, the company employed more than 11,000 people and brought in more than $39 billion in net revenue. Roughly 30% of the nation's natural gas is moved by Energy Transfer Partners LP infrastructure and growing. Projects in the works include newer, more efficient processing plants and the interstate Gulf Run pipeline.

Natural gas is a crucial factor in the switch to green energy. Not only is it the cleanest of all petroleum-based energy sources, but it is easy to store and use, making it ideal as a backup source for intermittent energy like solar and wind. Natural gas is also important as a feedstock for plastics and other products critical to the health industry. Natural gas is also important for making ammonia, a necessary fertilizer for today’s food chain.

As an MLP, Energy Transfers Partners pays a large share of its earnings as dividends. Investors of record can enroll in the Dividend Reinvestment Plan or DRIP and have their distributions paid in shares.



ET Stock Price History

ET Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Energy Transfer (NYSE:ET) Trading Up 0.4%
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Energy Transfer (NYSE:ET) Shares Up 0.3%
ET Energy Transfer LP Common Units
Energy Transfer: Another Base Hit
See More Headlines
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Company Calendar

Ex-Dividend for 2/20 Dividend
2/06/2024
Last Earnings
2/14/2024
Dividend Payable
2/20/2024
Today
4/17/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
13,786
Year Founded
2001

Price Target and Rating

Average Stock Price Target
$17.57
High Stock Price Target
$22.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+16.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$3.47 billion
Pretax Margin
7.12%

Debt

Sales & Book Value

Annual Sales
$78.59 billion
Cash Flow
$2.48 per share
Book Value
$11.92 per share

Miscellaneous

Outstanding Shares
3,369,380,000
Free Float
3,258,861,000
Market Cap
$50.88 billion
Optionable
Optionable
Beta
1.64
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Key Executives

Should I Buy Energy Transfer Stock? ET Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Energy Transfer LP:

  • Recent insider buying activity: Executives like EVP Thomas P. Mason and Chairman Kelcy L. Warren have shown confidence in the company by purchasing significant amounts of shares, indicating a positive outlook.
  • Diversified energy-related services: Energy Transfer LP provides a range of energy-related services, including natural gas transportation and storage facilities, which can offer stability and potential growth opportunities.
  • Positive analyst recommendations: Analysts have given Energy Transfer LP a consensus "Buy" rating, with a majority of analysts issuing buy recommendations, suggesting optimism about the company's future performance.
  • Strategic investments by institutional investors: Institutions like VitalStone Financial LLC and Rise Advisors LLC have increased their positions in Energy Transfer, signaling confidence in the company's long-term prospects.
  • Attractive valuation: With a current stock price that may be perceived as undervalued based on future growth potential and earnings, Energy Transfer LP could present a compelling investment opportunity.

Cons

Investors should be bearish about investing in Energy Transfer LP for these reasons:

  • Volatility in energy markets: The energy sector, including natural gas, can be subject to price fluctuations and market uncertainties, which may impact the company's financial performance.
  • Regulatory challenges: Energy Transfer LP operates in a highly regulated industry, and changes in regulations or policies could affect the company's operations and profitability.
  • Debt levels: Like many companies in the energy sector, Energy Transfer LP may carry significant debt levels, which could pose risks during economic downturns or challenging market conditions.
  • Environmental concerns: As a player in the energy industry, Energy Transfer LP may face scrutiny and challenges related to environmental impact and sustainability practices, which could impact its reputation and operations.
  • Competitive landscape: Energy Transfer LP operates in a competitive market with other energy companies vying for market share, which could lead to pricing pressures and potential challenges in maintaining profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Energy Transfer pros and cons to contact@marketbeat.com.

ET Stock Analysis - Frequently Asked Questions

Should I buy or sell Energy Transfer stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ET shares.
View ET analyst ratings
or view top-rated stocks.

What is Energy Transfer's stock price target for 2024?

5 Wall Street research analysts have issued 12-month price objectives for Energy Transfer's shares. Their ET share price targets range from $14.00 to $22.00. On average, they expect the company's stock price to reach $17.57 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
View analysts price targets for ET
or view top-rated stocks among Wall Street analysts.

How have ET shares performed in 2024?

Energy Transfer's stock was trading at $13.80 at the beginning of 2024. Since then, ET stock has increased by 10.3% and is now trading at $15.2250.
View the best growth stocks for 2024 here
.

When is Energy Transfer's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our ET earnings forecast
.

How can I listen to Energy Transfer's earnings call?

Energy Transfer will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Energy Transfer's earnings last quarter?

Energy Transfer LP (NYSE:ET) issued its quarterly earnings data on Wednesday, February, 14th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The pipeline company had revenue of $20.53 billion for the quarter, compared to analysts' expectations of $21.46 billion. Energy Transfer had a net margin of 4.85% and a trailing twelve-month return on equity of 12.17%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share.

How often does Energy Transfer pay dividends? What is the dividend yield for Energy Transfer?

Energy Transfer declared a quarterly dividend on Thursday, January 25th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.315 per share on Tuesday, February 20th. This represents a $1.26 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Tuesday, February 6th. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for ET
.

Is Energy Transfer a good dividend stock?

Energy Transfer (NYSE:ET) pays an annual dividend of $1.26 per share and currently has a dividend yield of 8.27%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 115.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ET will have a dividend payout ratio of 83.44% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ET.

When did Energy Transfer's stock split?

Energy Transfer's stock split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly issued shares were distributed to shareholders after the market closes on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Kelcy L. Warren's approval rating as Energy Transfer's CEO?

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Energy Transfer own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

Who are Energy Transfer's major shareholders?

Energy Transfer's stock is owned by many different institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (0.43%), Miller Howard Investments Inc. NY (0.18%), Westend Capital Management LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%), Gilman Hill Asset Management LLC (0.01%) and Salem Investment Counselors Inc. (0.01%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, Kelcy L Warren, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray W Washburne, Richard D Brannon, Thomas E Long and Thomas P Mason.
View institutional ownership trends
.

How do I buy shares of Energy Transfer?

Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ET) was last updated on 4/17/2024 by MarketBeat.com Staff

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