Energy Transfer (NYSE:ET) Sets New 52-Week High - Still a Buy?

Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.67 and last traded at $20.3840, with a volume of 42129858 shares trading hands. The stock had previously closed at $20.08.

More Energy Transfer News

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

• Positive Sentiment: Revenue and volumes: Q1 revenue jumped ~32.1% year‑over‑year to $27.77B and management highlighted record volumes — a top‑line beat that supports cash flow outlook. Energy Transfer Reports First Quarter 2026 Results
• Positive Sentiment: Raised 2026 adjusted EBITDA guidance: Management lifted 2026 adjusted EBITDA to $18.2B–$18.6B, which is constructive for distributable cash flow expectations and valuation metrics tied to EBITDA. Energy Transfer Q1 Earnings Lag Estimates, Revenues Increase Y/Y
• Positive Sentiment: Unusually large call buying: Traders purchased roughly 102,786 call options (about +93% vs typical call volume), signaling speculative or institutional bullish positioning that can amplify upside near term. (Options flow reported May 5)
• Neutral Sentiment: Capital spending and growth mix: Management reported ~ $1.5B of organic growth capex YTD focused on intrastate, NGL, refined products and interstate — supports future throughput but increases near‑term cash use. ET Q1 2026 Earnings Transcript
• Neutral Sentiment: Record volumes drove the revenue beat but company commentary emphasizes execution and integration of assets — watch throughput/sustainability of volumes in coming quarters. Benzinga: Stock Tests Resistance After Revenue Beat
• Negative Sentiment: EPS miss and DCF commentary: GAAP/net‑unit EPS of $0.35 missed consensus ~$0.38, and the earnings call/transcript described compressing DCF year‑over‑year — a potential concern for distributions and near‑term cash returns. Seeking Alpha Earnings Call Transcript
• Negative Sentiment: Net income slightly down YoY: Q1 net income attributable to partners was $1.25B vs $1.32B last year — highlights margin pressure despite revenue growth and warrants watching profitability trends. Zacks: Earnings Lag Estimates

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ET. Jefferies Financial Group reissued a "hold" rating on shares of Energy Transfer in a research note on Wednesday, February 18th. Barclays reissued an "overweight" rating and issued a $22.00 price objective (down from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. Morgan Stanley lifted their price objective on shares of Energy Transfer from $19.00 to $21.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 10th. TD Cowen lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.60.

Energy Transfer Price Performance

The firm has a market cap of $70.13 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 1.09 and a beta of 0.57. The business's 50-day simple moving average is $19.02 and its two-hundred day simple moving average is $17.78. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.05). The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $25.58 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The business's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. As a group, research analysts expect that Energy Transfer LP will post 1.52 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be issued a $0.3375 dividend. The ex-dividend date is Friday, May 8th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a yield of 6.6%. Energy Transfer's dividend payout ratio (DPR) is presently 110.74%.

Hedge Funds Weigh In On Energy Transfer

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SteelPeak Wealth LLC acquired a new position in Energy Transfer in the first quarter valued at $336,000. Independent Financial Group LLC acquired a new position in Energy Transfer in the first quarter valued at $2,170,000. Prosperity Consulting Group LLC lifted its holdings in Energy Transfer by 8.7% in the first quarter. Prosperity Consulting Group LLC now owns 36,888 shares of the pipeline company's stock valued at $712,000 after buying an additional 2,939 shares during the period. Helium Advisors LLC lifted its holdings in Energy Transfer by 18.0% in the first quarter. Helium Advisors LLC now owns 16,033 shares of the pipeline company's stock valued at $309,000 after buying an additional 2,447 shares during the period. Finally, NFSG Corp lifted its holdings in Energy Transfer by 8.4% in the first quarter. NFSG Corp now owns 95,876 shares of the pipeline company's stock valued at $1,850,000 after buying an additional 7,429 shares during the period. Institutional investors and hedge funds own 38.22% of the company's stock.

About Energy Transfer

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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