Energy Transfer (NYSE:ET) Stock Price Up 2.1% – Should You Buy?

Posted by Brenda Bartman on Jun 23rd, 2026

Energy Transfer LP (NYSE:ET – Get Free Report)’s stock price rose 2.1% during mid-day trading on Tuesday . The company traded as high as $19.31 and last traded at $19.29. Approximately 9,245,105 shares were traded during trading, a decline of 38% from the average daily volume of 14,821,624 shares. The stock had previously closed at $18.89.

Analysts Set New Price Targets

ET has been the topic of several research reports. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Energy Transfer in a research note on Friday, June 5th. Truist Financial began coverage on shares of Energy Transfer in a report on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price objective on the stock. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $23.45.

Read Our Latest Report on Energy Transfer

Energy Transfer Stock Up 2.1%

The firm has a fifty day moving average of $19.42 and a 200-day moving average of $18.45. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The firm has a market cap of $66.38 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.55.

Energy Transfer (NYSE:ET – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $25.78 billion. Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, equities research analysts anticipate that Energy Transfer LP will post 1.43 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 7.0%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. Energy Transfer’s payout ratio is currently 112.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ET. Basepoint Wealth LLC bought a new stake in shares of Energy Transfer in the 4th quarter valued at about $25,000. Gables Capital Management Inc. increased its position in Energy Transfer by 60.0% during the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after buying an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Energy Transfer in the fourth quarter valued at approximately $32,000. Financial Life Planners acquired a new stake in shares of Energy Transfer in the third quarter valued at approximately $34,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of Energy Transfer in the first quarter valued at approximately $35,000. Institutional investors 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.