Key Points
- Energy Transfer Director Kelcy Warren bought 647,968 shares at an average price of $21.26, investing approximately $13.8 million and increasing his holdings to nearly 147.9 million shares.
- Energy Transfer reported quarterly EPS of $0.59, well above the $0.38 consensus estimate, while revenue rose 78.4% year over year to $34.33 billion. The company’s quarterly dividend equates to a $1.36 annualized payout and a yield of about 6.4%.
- Analysts maintain a broadly positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24.08; several firms recently raised their targets to $25.
Energy Transfer LP (NYSE:ET - Get Free Report) Director Kelcy Warren bought 352,032 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were acquired at an average cost of $21.27 per share, with a total value of $7,487,720.64. Following the completion of the purchase, the director owned 147,253,911 shares in the company, valued at $3,132,090,686.97. This represents a 0.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Energy Transfer Stock Performance
Shares of ET stock opened at $21.18 on Friday. The company has a market capitalization of $72.93 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 0.75 and a beta of 0.55. Energy Transfer LP has a 52 week low of $16.18 and a 52 week high of $21.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. The company's 50 day moving average price is $19.93 and its two-hundred day moving average price is $19.41.
Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.21. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The company had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $27.71 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The firm's revenue was up 78.4% compared to the same quarter last year. On average, analysts expect that Energy Transfer LP will post 1.63 earnings per share for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were issued a dividend of $0.34 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 6.4%. Energy Transfer's dividend payout ratio is currently 92.52%.
Wall Street Analyst Weigh In
ET has been the topic of a number of research reports. Royal Bank Of Canada restated an "outperform" rating and issued a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Energy Transfer from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Zacks Research cut Energy Transfer from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Energy Transfer in a research report on Wednesday, May 6th. Finally, Barclays reiterated an "overweight" rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.08.
Check Out Our Latest Analysis on ET
Hedge Funds Weigh In On Energy Transfer
Several hedge funds have recently modified their holdings of the stock. Texas Yale Capital Corp. raised its holdings in shares of Energy Transfer by 6.1% in the 4th quarter. Texas Yale Capital Corp. now owns 1,311,965 shares of the pipeline company's stock worth $21,634,000 after acquiring an additional 75,700 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Energy Transfer by 100.1% during the 4th quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company's stock valued at $2,664,000 after purchasing an additional 80,786 shares during the last quarter. Summit Securities Group LLC boosted its stake in Energy Transfer by 179.0% during the 1st quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company's stock valued at $3,129,000 after purchasing an additional 104,000 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in Energy Transfer during the 1st quarter worth approximately $61,760,000. Finally, Sanctuary Advisors LLC increased its holdings in Energy Transfer by 15.8% during the 1st quarter. Sanctuary Advisors LLC now owns 1,888,661 shares of the pipeline company's stock worth $36,451,000 after purchasing an additional 257,954 shares in the last quarter. Institutional investors own 38.22% of the company's stock.
More Energy Transfer News
Here are the key news stories impacting Energy Transfer this week:
- Positive Sentiment: Director Kelcy L. Warren purchased a combined 1,000,000 shares of Energy Transfer on August 18 and 19 for approximately $21.3 million. The purchases increased his ownership by roughly 0.68% and bring his holdings to nearly 147.9 million shares, signaling substantial insider confidence. SEC insider ownership filing
- Positive Sentiment: A bullish investment article highlighted Energy Transfer’s 6.3% yield, 32% year-over-year growth in partner-attributable distributable cash flow, 49% first-half conventional free-cash-flow growth and distribution coverage above 2.2 times. The company also raised 2026 EBITDA guidance to $18.8 billion-$19.1 billion, supporting the outlook for income and cash-flow growth. Energy Transfer: Strong Buy With A Path To 7% Yield On Cost
- Positive Sentiment: An analyst upgrade helped propel ET to a new one-year high, reinforcing the recent bullish momentum around the midstream operator. Energy Transfer Reaches New 1-Year High After Analyst Upgrade
- Neutral Sentiment: Commentary remains broadly favorable toward Energy Transfer as a diversified, fee-based pipeline operator with more than 125,000 miles of infrastructure and a substantial contracted project backlog. However, some valuation reviews describe the shares as attractive on traditional multiples but less compelling under broader valuation checks. Energy Transfer Stock Looks Reasonable On Earnings But Stretched On Broader Checks
- Negative Sentiment: Cooler U.S. weather forecasts pressured natural-gas prices by potentially reducing electricity demand for air conditioning. While Energy Transfer’s largely fee-based model limits direct commodity exposure, weaker gas prices can still affect sentiment toward the sector and certain growth opportunities. Cooler US Weather Forecasts Weigh on Nat-Gas Prices
Energy Transfer Company Profile
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Get Free Report)
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.
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