Energy Transfer (ET) Projected to Post Quarterly Earnings on Tuesday

Energy Transfer (NYSE:ET - Get Free Report) is expected to be releasing its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect Energy Transfer to post earnings of $0.33 per share and revenue of $22.28 billion for the quarter.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, analysts expect Energy Transfer to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Energy Transfer Trading Up 0.5 %

Shares of NYSE ET traded up $0.09 during midday trading on Friday, hitting $16.62. The company's stock had a trading volume of 16,523,647 shares, compared to its average volume of 15,344,207. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. The business's 50 day moving average is $17.69 and its two-hundred day moving average is $18.49. Energy Transfer has a 12-month low of $14.60 and a 12-month high of $21.45. The firm has a market cap of $57.03 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Friday, May 9th will be paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. Energy Transfer's dividend payout ratio (DPR) is currently 102.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ET shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Energy Transfer in a research report on Tuesday, March 25th. Stifel Nicolaus lifted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Citigroup restated a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their price objective on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Energy Transfer currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.09.

Institutional Investors Weigh In On Energy Transfer

A hedge fund recently raised its stake in Energy Transfer stock. Brighton Jones LLC boosted its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 93.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,530 shares of the pipeline company's stock after purchasing an additional 11,844 shares during the period. Brighton Jones LLC's holdings in Energy Transfer were worth $481,000 at the end of the most recent quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.