Energy Transfer (NYSE:ET) Trading Up 1.6% – What’s Next?

Posted by Brenda Bartman on May 13th, 2026

Energy Transfer LP (NYSE:ET – Get Free Report) shares were up 1.6% during mid-day trading on Monday . The company traded as high as $19.73 and last traded at $19.6450. Approximately 10,273,510 shares were traded during trading, a decline of 37% from the average daily volume of 16,434,773 shares. The stock had previously closed at $19.34.

Key Energy Transfer News

Here are the key news stories impacting Energy Transfer this week:

Positive Sentiment: Raymond James raised its price target on Energy Transfer and kept a Strong Buy rating, reinforcing optimism that the partnership’s improving fundamentals can support more upside. Raymond James Raises its Price Target on Energy Transfer (ET)
Positive Sentiment: JPMorgan and Scotiabank both lifted their price targets to $24, citing continued operational improvement and supporting the view that ET still has room to run from current levels. Energy Transfer (NYSE:ET) Price Target Raised to $24.00 at JPMorgan Chase & Co. Energy Transfer (NYSE:ET) Price Target Raised to $24.00 at Scotiabank
Positive Sentiment: Recent articles pointed to record transportation volumes, higher adjusted EBITDA guidance, and an expanded capital plan, suggesting stronger cash-flow potential and better long-term growth prospects. A Look At Energy Transfer (ET) Valuation After Raised EBITDA Guidance And Expanded Growth Investments
Positive Sentiment: Analysts and commentators also highlighted ET’s fee-based pipeline backlog and growing exposure to AI/data-center power demand, which may support continued EBITDA growth and distribution increases. Energy Transfer: 20% EBITDA Growth With Pipeline Backlog For The AI Buildout
Positive Sentiment: Energy Transfer is being viewed as a defensive, income-oriented way to benefit from elevated oil prices and geopolitical uncertainty, which can attract yield-focused investors. The Best Oil Stock to Own During Geopolitical Uncertainty
Neutral Sentiment: ET has also been showing up on stock-tracking and “trending” lists, which reflects heightened investor interest but does not by itself change the company’s fundamentals. Energy Transfer LP (ET) Is a Trending Stock: Facts to Know Before Betting on It

Analysts Set New Price Targets

A number of equities analysts have issued reports on ET shares. 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 reissued a “buy” rating and set a $23.00 price target (up from $22.00) on shares of Energy Transfer in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday. Raymond James Financial reissued a “strong-buy” rating on shares of Energy Transfer in a research report on Wednesday, May 6th. Finally, Truist Financial began coverage on shares of Energy Transfer in a research report on Tuesday, March 24th. They set a “buy” rating and a $23.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $22.67.

View Our Latest Report on Energy Transfer

Energy Transfer Stock Performance

The company has a market cap of $69.09 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The firm’s fifty day moving average is $19.14 and its 200 day moving average is $17.91. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.Energy Transfer’s revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. As a group, research analysts predict that Energy Transfer LP will post 1.47 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, May 8th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s payout ratio is presently 112.50%.

Institutional Investors Weigh In On Energy Transfer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Basepoint Wealth LLC acquired a new stake in Energy Transfer during the 4th quarter worth $25,000. Gables Capital Management Inc. boosted its stake 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 worth $26,000 after purchasing an additional 600 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Energy Transfer during the 1st quarter worth $35,000. Sarver Vrooman Wealth Advisors acquired a new stake in Energy Transfer during the 4th quarter worth $32,000. Finally, Financial Life Planners acquired a new stake in Energy Transfer during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Energy Transfer Company Profile

(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.