Energy Transfer LP (NYSE:ET – Get Free Report)’s stock price was up 1.7% on Thursday . The company traded as high as $20.81 and last traded at $20.6950. Approximately 12,453,700 shares were traded during mid-day trading, a decline of 8% from the average session volume of 13,590,780 shares. The stock had previously closed at $20.34.
Trending Headlines about Energy Transfer
Here are the key news stories impacting Energy Transfer this week:
- Positive Sentiment: Energy Transfer reported a strong second quarter, with earnings of $0.59 per unit versus the $0.38 consensus estimate and revenue of $34.33 billion, up 78.4% year over year and above forecasts. Energy Transfer LP Q2 2026 Earnings Call Highlights
- Positive Sentiment: Management raised 2026 adjusted EBITDA guidance to $18.8 billion-$19.1 billion, citing record NGL export volumes, strong throughput and robust performance across business segments. Energy Transfer Earnings: Another Guidance Raise on Strong Throughput
- Positive Sentiment: Analysts and investors are highlighting full pipeline and fractionator utilization, multiyear export-capacity commitments and accelerating growth projects as drivers of future EBITDA and distribution growth. Management continues to target annual distribution growth of 3%-5%. Energy Transfer Is Now Finally Firing On All Growth Cylinders
- Positive Sentiment: Income-focused coverage remains supportive: Energy Transfer’s distribution provides a yield of roughly 6.6%-7%, reinforcing its appeal as a high-income midstream investment. These Outperforming Giants Are Boosting Dividends in 2026
- Neutral Sentiment: The bullish outlook is tempered by elevated capital spending, which is expected to peak this year, and leverage near management’s 4x-4.5x EBITDA target. Rising interest rates could also reduce the relative appeal of high-yield securities.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on ET shares. Morgan Stanley boosted their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Jefferies Financial Group restated a “buy” rating on shares of Energy Transfer in a research report on Wednesday. TD Cowen reiterated a “buy” rating and issued a $24.00 price target (up from $23.00) on shares of Energy Transfer in a research note on Thursday, July 16th. Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. boosted their target price on Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $23.58.
Energy Transfer Price Performance
The firm has a market cap of $71.21 billion, a P/E ratio of 14.08, a PEG ratio of 1.17 and a beta of 0.55. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 0.93. The stock’s 50-day simple moving average is $19.58 and its two-hundred day simple moving average is $19.17.
Energy Transfer (NYSE:ET – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.21. The company had revenue of $34.33 billion for the quarter, compared to analyst estimates of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.71%. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Equities research analysts forecast that Energy Transfer LP will post 1.44 earnings per share for the current fiscal year.
Energy Transfer Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.6%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio is 112.50%.
Hedge Funds Weigh In On Energy Transfer
Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after buying an additional 11,844 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Energy Transfer by 62.8% during the first quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after buying an additional 8,118 shares during the period. Geode Capital Management LLC raised its holdings in shares of Energy Transfer by 6.2% in the second quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock valued at $2,455,000 after acquiring an additional 7,901 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Energy Transfer by 436.5% in the second quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company’s stock valued at $76,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Energy Transfer by 5.6% in the second quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock worth $923,000 after acquiring an additional 2,700 shares during the period. 38.22% of the stock is currently owned by institutional investors.
Energy Transfer Company Profile
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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