Energy Transfer (NYSE:ET) Stock Jumps 1.7% – Here’s What Happened

Posted by Stanley Muller on Oct 1st, 2026

Energy Transfer LP (NYSE:ET – Get Free Report)’s stock price traded up 1.7% during trading on Thursday. The company traded as high as $20.13 and last traded at $20.1040. Approximately 12,519,254 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 12,553,077 shares. The stock had previously closed at $19.77.

Analysts Set New Price Targets

ET has been the topic of several research reports. Capital One Financial began coverage on Energy Transfer in a research report on Tuesday, September 22nd. They set an “overweight” rating and a $26.00 price target on the stock. Morgan Stanley boosted their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. raised their price target on shares of Energy Transfer from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Citigroup reaffirmed a “buy” rating and set a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research report on Friday, August 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Energy Transfer in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.36.

Check Out Our Latest Stock Report on ET

Energy Transfer Stock Performance

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 stock’s fifty day moving average is $20.87 and its two-hundred day moving average is $19.92. The firm has a market cap of $69.22 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.67 and a beta of 0.57.

Energy Transfer (NYSE:ET – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $27.71 billion. During the same quarter last year, the business earned $0.32 earnings per share. Energy Transfer’s revenue was up 78.4% compared to the same quarter last year. On average, analysts expect that Energy Transfer LP will post 1.73 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.3375. This represents a $1.36 annualized dividend and a dividend yield of 6.8%. Energy Transfer’s dividend payout ratio (DPR) is currently 92.52%.

Insider Transactions at Energy Transfer

In related news, Director Kelcy Warren acquired 647,968 shares of Energy Transfer stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the acquisition, the director directly owned 147,901,879 shares of the company’s stock, valued at $3,144,393,947.54. This trade represents a 0.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Perry bought 12,359 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $20.23 per share, with a total value of $250,022.57. Following the transaction, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This represents a 6.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 1,012,359 shares of company stock worth $21,513,543. Company insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in shares of Energy Transfer by 8.0% in the 4th quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock worth $1,382,573,000 after buying an additional 6,192,066 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in Energy Transfer in the first quarter worth about $61,760,000. SCS Capital Management LLC lifted its holdings in Energy Transfer by 1,859.8% in the 2nd quarter. SCS Capital Management LLC now owns 1,942,908 shares of the pipeline company’s stock valued at $37,148,000 after acquiring an additional 1,843,771 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Energy Transfer by 5.7% during the 1st quarter. Bank of America Corp DE now owns 30,956,358 shares of the pipeline company’s stock valued at $597,458,000 after purchasing an additional 1,656,609 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC grew its stake in shares of Energy Transfer by 56.3% in the 4th quarter. Longfellow Investment Management Co. LLC now owns 3,028,233 shares of the pipeline company’s stock worth $49,936,000 after purchasing an additional 1,090,165 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

About Energy Transfer

(Get Free Report)

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.