Energy Transfer (NYSE:ET) Sets New 12-Month High - Still a Buy?

Energy Transfer LP (NYSE:ET - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.88 and last traded at $20.8050, with a volume of 8346087 shares trading hands. The stock had previously closed at $20.59.

Trending Headlines about Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: Strong operating momentum: Energy Transfer reported second-quarter revenue of $34.33 billion, up 78.4% year over year and well above estimates, while EPS of $0.59 exceeded consensus by $0.21. The company also posted record volumes and raised guidance for a second consecutive time, strengthening expectations for future EBITDA and distributable cash flow growth. Energy Transfer: Expanding In All The Right Places For The AI Revolution
• Positive Sentiment: AI-related demand opportunity: Analysts see ET’s natural-gas pipeline and processing network benefiting from the data-center buildout, with contracted demand and a growing project backlog potentially providing multiyear earnings visibility. Energy Transfer: Expanding In All The Right Places For The AI Revolution
• Positive Sentiment: Income appeal: Recent coverage emphasizes 19 consecutive quarterly distribution increases, approximately 2.2 times distribution coverage and a roughly 6.6% yield. These metrics support the view that ET can continue growing its distribution while retaining cash for expansion. Energy Transfer Keeps Growing Its Dividend and Offers a 6.7% Yield Worth Considering
• Positive Sentiment: Insider confidence: Director James Richard Perry purchased 12,359 shares for approximately $250,023, increasing his direct ownership by 6.32%. Insider buying can provide a favorable signal about management’s view of the stock’s value. Insider Buying: Energy Transfer Director Purchases Stock
• Positive Sentiment: Analyst support: TD Cowen raised its price target to $25 from $24 and maintained a Buy rating. ET’s broader analyst consensus remains Buy, with an average target of $23.75 versus recent trading levels. Energy Transfer analyst coverage
• Neutral Sentiment: Zacks’ growth-stock assessment and additional commentary on future distribution growth reinforce the bullish narrative, but these are primarily opinion- and methodology-based signals rather than new company disclosures. Why Energy Transfer Is a Strong Growth Stock

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen reissued a "buy" rating and set a $25.00 price target (up from $24.00) on shares of Energy Transfer in a research report on Monday. Scotiabank reaffirmed an "outperform" rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Stifel Nicolaus boosted their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reiterated an "outperform" rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, July 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Energy Transfer in a research report on Friday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $23.75.

Energy Transfer Stock Up 1.0%

The company has a 50-day moving average of $19.68 and a 200-day moving average of $19.26. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $71.64 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.21. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%.The business had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $27.71 billion. During the same quarter last year, the company earned $0.32 earnings per share. The company's quarterly revenue was up 78.4% on a year-over-year basis. On average, equities analysts predict that Energy Transfer LP will post 1.52 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be paid a $0.34 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 6.5%. Energy Transfer's dividend payout ratio (DPR) is 92.52%.

Insider Buying and Selling

In related news, Director James Richard Perry bought 12,359 shares of the company's stock in a transaction on Friday, August 7th. The shares were bought at an average price of $20.23 per share, with a total value of $250,022.57. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Transfer

Institutional investors and hedge funds have recently made changes to their positions in the stock. Texas Yale Capital Corp. grew its position in Energy Transfer by 6.1% during the 4th quarter. Texas Yale Capital Corp. now owns 1,311,965 shares of the pipeline company's stock worth $21,634,000 after purchasing an additional 75,700 shares during the period. North Star Investment Management Corp. raised its stake in shares of Energy Transfer by 100.1% during the 4th quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company's stock valued at $2,664,000 after buying an additional 80,786 shares during the last quarter. Summit Securities Group LLC lifted its holdings in shares of Energy Transfer by 179.0% in the 1st quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company's stock valued at $3,129,000 after buying an additional 104,000 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of Energy Transfer in the 1st quarter valued at about $61,760,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of Energy Transfer by 15.8% in the first quarter. Sanctuary Advisors LLC now owns 1,888,661 shares of the pipeline company's stock worth $36,451,000 after buying an additional 257,954 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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