Energy Transfer LP (NYSE:ET) Stock Has Consensus Price Target of $24.36 According to Brokerages

Posted by Brian Himes on Oct 10th, 2026

Shares of Energy Transfer LP (NYSE:ET – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.36.

Several research firms have recently weighed in on ET. Wall Street Zen raised shares of Energy Transfer from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research cut shares of Energy Transfer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Stifel Nicolaus initiated coverage on shares of Energy Transfer in a research report on Thursday, September 10th. They issued a “buy” rating and a $25.00 target price for the company. 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st.

Check Out Our Latest Report on ET

Energy Transfer Price Performance

NYSE ET opened at $20.41 on Monday. Energy Transfer has a one year low of $16.18 and a one year high of $21.84. The stock has a 50-day moving average of $20.91 and a 200 day moving average of $19.99. The company has a market capitalization of $70.28 billion, a price-to-earnings ratio of 13.88 and a beta of 0.60. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16.

Energy Transfer (NYSE:ET – Get Free Report) last posted its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.21. The business had revenue of $34.33 billion for the quarter, compared to analysts’ expectations of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business’s revenue for the quarter was up 78.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. On average, sell-side analysts forecast that Energy Transfer will post 1.73 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.3375. This represents a $1.36 annualized dividend and a dividend yield of 6.7%. Energy Transfer’s dividend payout ratio is presently 92.52%.

Insiders Place Their Bets

In other news, Director Kelcy L. Warren bought 647,968 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the transaction, the director owned 147,901,879 shares of the company’s stock, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Perry purchased 12,359 shares of the business’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $20.23 per share, with a total value of $250,022.57. Following the completion of the purchase, the director owned 208,046 shares in the company, valued at approximately $4,208,770.58. This trade represents a 6.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 1,012,359 shares of company stock valued at $21,513,543. 3.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Transfer

A number of institutional investors and hedge funds have recently made changes to their positions in ET. Alps Advisors Inc. increased its position in Energy Transfer by 8.0% in the fourth 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. Bank of America Corp DE grew its stake 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 acquiring an additional 1,656,609 shares during the period. Energy Income Partners LLC grew its stake in shares of Energy Transfer by 1.8% during the 2nd quarter. Energy Income Partners LLC now owns 25,654,536 shares of the pipeline company’s stock valued at $490,515,000 after acquiring an additional 447,081 shares during the period. Clearbridge Investments LLC increased its holdings in Energy Transfer by 3.0% in the 4th quarter. Clearbridge Investments LLC now owns 13,014,994 shares of the pipeline company’s stock worth $214,617,000 after acquiring an additional 374,000 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Energy Transfer by 3.2% during the 4th quarter. LPL Financial LLC now owns 7,696,319 shares of the pipeline company’s stock worth $126,912,000 after acquiring an additional 235,863 shares during the period. Hedge funds and other institutional investors 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.