S&P 500   5,248.49
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Stock market today: World shares are mostly higher after S&P 500 sets another record
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Mid-Cap Stocks to Outperform the Market This Cycle
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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?

Energy Transfer (ET) Stock Price, News & Analysis

$15.54
+0.05 (+0.32%)
(As of 03/27/2024 ET)
Today's Range
$15.36
$15.56
50-Day Range
$13.72
$15.68
52-Week Range
$11.79
$15.74
Volume
11.96 million shs
Average Volume
12.61 million shs
Market Capitalization
$52.36 billion
P/E Ratio
14.26
Dividend Yield
8.11%
Price Target
$17.57

Energy Transfer MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
13.1% Upside
$17.57 Price Target
Short Interest
Healthy
1.13% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Energy Transfer in the last 14 days
Based on 26 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.

2.74 out of 5 stars

Oils/Energy Sector

139th out of 239 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

Energy Transfer (NYSE:ET) Reaches New 52-Week High at $15.74
CBOE shift unlocks new weekend income strategy
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. You're probably wondering, “Okay… But how does that affect me?” This perk now allows everyday traders like yourself to target extra income over the weekend.
Energy Transfer: Another Base Hit
Energy Transfer (NYSE:ET) Shares Down 0.4%
Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
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
3/27/2024
Next Earnings (Estimated)
5/07/2024
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
+13.1%
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
$2.49 per share
Book Value
$11.92 per share

Miscellaneous

Outstanding Shares
3,369,380,000
Free Float
3,258,861,000
Market Cap
$52.36 billion
Optionable
Optionable
Beta
1.64
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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Energy Transfer was last updated on Monday, March 25, 2024 at 11:29 PM.

Pros

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

  • Energy Transfer LP has received a consensus "Buy" rating from analysts, indicating positive market sentiment towards the company's performance and potential growth.
  • The company's executives, including EVP Thomas P. Mason and Chairman Kelcy L. Warren, have recently purchased significant amounts of company stock, signaling confidence in its future prospects.
  • Recent analyst reports have raised the target price for Energy Transfer LP, suggesting potential for stock price appreciation in the near future.
  • Energy Transfer LP operates a diverse portfolio of energy-related services, including natural gas transportation, storage facilities, crude oil transportation, and NGL pipelines, providing revenue streams from multiple sources within the energy sector.
  • The company's strategic acquisitions and expansions in various regions demonstrate a commitment to growth and market presence, potentially leading to increased market share and profitability.

Cons

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

  • Energy Transfer LP operates in a highly regulated industry, subject to changes in government policies and regulations that could impact the company's operations and financial performance.
  • The energy sector is susceptible to fluctuations in commodity prices, geopolitical events, and global economic conditions, which could affect Energy Transfer LP's revenue and profitability.
  • Investing in Energy Transfer LP involves exposure to risks associated with the energy market, including environmental concerns, supply-demand dynamics, and technological advancements that may disrupt traditional energy business models.
  • The company's extensive network of pipelines and facilities requires significant capital investments for maintenance, upgrades, and expansions, which could strain financial resources and impact shareholder returns.
  • Energy Transfer LP faces competition from other energy companies in the market, leading to pricing pressures, market share challenges, and potential impact on profitability in a competitive industry landscape.

ET Stock Analysis - Frequently Asked Questions

Should I buy or sell Energy Transfer stock right now?

5 Wall Street 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 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 1 year price objectives for Energy Transfer's stock. Their ET share price targets range from $14.00 to $22.00. On average, they expect the company's share price to reach $17.57 in the next year. This suggests a possible upside of 13.1% 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 12.6% and is now trading at $15.54.
View the best growth stocks for 2024 here
.

Are investors shorting Energy Transfer?

Energy Transfer saw a decrease in short interest during the month of February. As of February 29th, there was short interest totaling 38,810,000 shares, a decrease of 7.5% from the February 14th total of 41,940,000 shares. Based on an average daily volume of 14,410,000 shares, the short-interest ratio is presently 2.7 days.
View Energy Transfer's Short Interest
.

When is Energy Transfer's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ET earnings forecast
.

How were Energy Transfer's earnings last quarter?

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

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

Energy Transfer announced a quarterly dividend on Thursday, January 25th. Stockholders of record on Wednesday, February 7th will be given 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 8.11%. The ex-dividend date is Tuesday, February 6th. This is an increase 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 8.10%. 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?

Shares of Energy Transfer split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were distributed to shareholders after the closing bell 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 a variety of retail and institutional investors. Top institutional shareholders include Blackstone Inc. (4.75%), Goldman Sachs Group Inc. (2.42%), UBS Group AG (0.91%), Mirae Asset Global Investments Co. Ltd. (0.81%), Clearbridge Investments LLC (0.81%) and First Reserve GP XIII Ltd (0.74%). 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 3/28/2024 by MarketBeat.com Staff

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