FY2027 EPS Estimate for Energy Transfer Raised by Analyst

Energy Transfer LP (NYSE:ET) – Equities research analysts at US Capital Advisors upped their FY2027 EPS estimates for shares of Energy Transfer in a note issued to investors on Monday, February 2nd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $1.43 per share for the year, up from their previous estimate of $1.25. The consensus estimate for Energy Transfer’s current full-year earnings is $1.46 per share.

Energy Transfer (NYSE:ET) last announced its earnings results on Wednesday, November 5th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Energy Transfer had a net margin of 5.66% and a return on equity of 10.71%. The company had revenue of $19.95 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis.

Several other research analysts have also issued reports on ET. Jefferies Financial Group set a $17.00 target price on Energy Transfer and gave the stock a “hold” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Barclays reiterated an “overweight” rating and issued a $22.00 price objective (down previously from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. Finally, Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and an average price target of $21.50.

Energy Transfer Stock Performance

Shares of ET opened at $17.92 on Thursday. The company has a 50-day simple moving average of $17.06 and a two-hundred day simple moving average of $17.12. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.41 and a quick ratio of 1.14. The firm has a market capitalization of $61.53 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66. Energy Transfer has a one year low of $14.60 and a one year high of $20.55.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Friday, February 6th will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, February 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s dividend payout ratio is 106.40%.

Insider Buying and Selling at Energy Transfer

In other Energy Transfer news, Director Kelcy L. Warren purchased 1,000,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $16.95 per share, with a total value of $16,950,000.00. Following the completion of the acquisition, the director directly owned 104,577,803 shares in the company, valued at $1,772,593,760.85. This trade represents a 0.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energy Transfer

A number of hedge funds have recently bought and sold shares of ET. Gables Capital Management Inc. grew its stake in shares of Energy Transfer by 60.0% in the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 600 shares during the period. CNB Bank lifted its position in Energy Transfer by 111.1% during the second quarter. CNB Bank now owns 1,900 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Financial Life Planners purchased a new stake in Energy Transfer in the third quarter worth approximately $34,000. Navalign LLC purchased a new stake in Energy Transfer in the fourth quarter worth approximately $37,000. Finally, HHM Wealth Advisors LLC grew its position in Energy Transfer by 54.4% in the 2nd quarter. HHM Wealth Advisors LLC now owns 2,270 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 38.22% of the company’s stock.

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.