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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?

Energy Transfer (ET) Stock Price, News & Analysis

$15.70
+0.17 (+1.09%)
(As of 03/28/2024 ET)
Today's Range
$15.52
$15.81
50-Day Range
$13.72
$15.68
52-Week Range
$12.06
$15.81
Volume
12.32 million shs
Average Volume
12.61 million shs
Market Capitalization
$52.92 billion
P/E Ratio
14.41
Dividend Yield
8.02%
Price Target
$17.57

Energy Transfer MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
11.7% 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 24 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

140th out of 237 stocks

Natural Gas Transmission Industry

9th out of 19 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
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Energy Transfer: Another Base Hit
Energy Transfer (NYSE:ET) Shares Down 0.4%
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
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
3/28/2024
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
+12.8%
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
$2.51 per share
Book Value
$11.92 per share

Miscellaneous

Outstanding Shares
3,369,380,000
Free Float
3,258,861,000
Market Cap
$52.49 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 equities 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 equities 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 analysts have issued twelve-month target prices for Energy Transfer's shares. Their ET share price targets range from $14.00 to $22.00. On average, they predict the company's stock price to reach $17.57 in the next year. This suggests a possible upside of 11.7% 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 the year. Since then, ET shares have increased by 14.0% and is now trading at $15.73.
View the best growth stocks for 2024 here
.

Are investors shorting Energy Transfer?

Energy Transfer saw a drop in short interest in the month of February. As of February 29th, there was short interest totaling 38,810,000 shares, a drop of 7.5% from the February 14th total of 41,940,000 shares. Based on an average trading volume of 14,410,000 shares, the days-to-cover ratio is currently 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) announced its earnings results 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 earned $20.53 billion during 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS.

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. Shareholders 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 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a boost 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 8.13%. 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 shares split on the morning of Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were payable 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 a variety of institutional and retail 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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