FY2027 EPS Estimates for Energy Transfer Lowered by Analyst

Energy Transfer LP (NYSE:ET) – US Capital Advisors reduced their FY2027 earnings estimates for Energy Transfer in a research report issued to clients and investors on Tuesday, November 25th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will earn $1.25 per share for the year, down from their previous forecast of $1.51. The consensus estimate for Energy Transfer’s current full-year earnings is $1.46 per share.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The business had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $21.84 billion. Energy Transfer had a return on equity of 11.08% and a net margin of 5.80%.The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS.

ET has been the subject of a number of other reports. Wells Fargo & Company restated an “overweight” rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, August 12th. Barclays restated an “overweight” rating and set a $25.00 price target on shares of Energy Transfer in a research report on Wednesday, October 15th. JPMorgan Chase & Co. cut their price objective on shares of Energy Transfer from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Jefferies Financial Group set a $17.00 target price on shares of Energy Transfer and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Finally, Morgan Stanley cut their price target on Energy Transfer from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, August 26th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus price target of $21.92.

Energy Transfer Trading Up 1.6%

Shares of NYSE ET opened at $16.69 on Thursday. Energy Transfer has a 12-month low of $14.60 and a 12-month high of $21.45. The company has a market cap of $57.29 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.76. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 1.44. The stock’s 50 day simple moving average is $16.79 and its 200 day simple moving average is $17.38.

Hedge Funds Weigh In On Energy Transfer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ET. Ryan Investment Management Inc. bought a new stake in shares of Energy Transfer in the 2nd quarter worth $31,000. Vision Financial Markets LLC acquired a new position in Energy Transfer during the first quarter worth about $33,000. CNB Bank raised its position in Energy Transfer by 111.1% in the second quarter. CNB Bank now owns 1,900 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. Financial Life Planners bought a new stake in Energy Transfer in the third quarter worth about $34,000. Finally, Stone House Investment Management LLC acquired a new stake in Energy Transfer in the 1st quarter valued at about $38,000. 38.22% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Kelcy L. Warren acquired 1,000,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average price of $16.95 per share, for a total transaction of $16,950,000.00. Following the completion of the purchase, the director directly owned 104,577,803 shares of the company’s stock, valued at $1,772,593,760.85. The trade was a 0.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.28% of the stock is owned by company insiders.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Friday, November 7th were paid a $0.3325 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 8.0%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio (DPR) is currently 106.40%.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.