FY2027 EPS Estimate for Energy Transfer Decreased by Analyst

Energy Transfer LP (NYSE:ET) – Equities researchers at Scotiabank dropped their FY2027 EPS estimates for shares of Energy Transfer in a research note issued on Friday, April 17th. Scotiabank analyst B. Bingham now forecasts that the pipeline company will post earnings per share of $1.59 for the year, down from their prior estimate of $1.60. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Energy Transfer’s current full-year earnings is $1.48 per share.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The firm had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 29.6% compared to the same quarter last year.

Several other research firms have also issued reports on ET. Morgan Stanley raised their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 10th. TD Cowen raised their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wells Fargo & Company raised their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Wednesday, January 7th. Finally, Barclays reaffirmed an “overweight” rating and set a $22.00 price objective (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Energy Transfer Stock Performance

NYSE ET opened at $18.97 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a market capitalization of $65.25 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.05 and a beta of 0.62. The company’s fifty day moving average is $18.88 and its two-hundred day moving average is $17.61. Energy Transfer has a 52-week low of $15.80 and a 52-week high of $19.85.

Hedge Funds Weigh In On Energy Transfer

Hedge funds and other institutional investors have recently made changes to their positions in the business. Basepoint Wealth LLC bought a new position in shares of Energy Transfer during the 4th quarter worth about $25,000. Gables Capital Management Inc. lifted its holdings in Energy Transfer by 60.0% during the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in Energy Transfer during the 4th quarter valued at about $32,000. Financial Life Planners bought a new position in Energy Transfer during the 3rd quarter valued at about $34,000. Finally, Navalign LLC bought a new position in Energy Transfer during the 4th quarter valued at about $37,000. 38.22% of the stock is owned by institutional investors.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is 110.74%.

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.