Energy Transfer (NYSE:ET) Stock Price Down 2.9% - Here's Why

Key Points

• Energy Transfer shares fell 2.9% on Friday, trading as low as $19.30 after moving on lighter volume than usual. The stock closed at $19.92 previously and was last seen around $19.35.
• Despite the dip, analyst sentiment remains mostly bullish, with a consensus “Buy” rating and an average price target of $22.00. Recent updates from Barclays, Morgan Stanley, Scotiabank, Raymond James, and Citigroup were generally supportive.
• The company reported mixed first-quarter results, missing EPS estimates at $0.35 but beating revenue expectations at $27.77 billion. Energy Transfer also raised its quarterly dividend to $0.3375, implying a 7.0% annualized yield.

Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price was down 2.9% during trading on Friday . The stock traded as low as $19.30 and last traded at $19.3490. Approximately 11,348,455 shares changed hands during trading, a decline of 31% from the average daily volume of 16,504,178 shares. The stock had previously closed at $19.92.

Trending Headlines about Energy Transfer

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

• Positive Sentiment: Several brokerage notes were favorable, including an average “Buy” rating and a separate Stifel Nicolaus view that ET’s stock price is expected to rise, reinforcing bullish sentiment around the company. Energy Transfer LP NYSE: ET Given Average Rating of "Buy" by Brokerages Energy Transfer NYSE: ET Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Commentary around the company’s first-quarter results highlighted ET as still attractively valued with “a lot of growth ahead,” which may be encouraging income and value investors. Prediction: Energy Transfer's Stock Is Still a Buy After a Strong Start to the Year
• Positive Sentiment: Recent coverage emphasized ET’s exposure to long-term demand themes like AI power needs and exports, suggesting investors see additional upside from infrastructure growth. Energy Transfer Q1 Earnings: Positioned For AI Power Boom Energy Transfer: AI Needs Terawatts, Not Just Chips
• Neutral Sentiment: ET’s Q1 2026 earnings call transcript is drawing attention as investors review management’s commentary on results, capital spending, and future growth plans. Energy Transfer LP NYSE: ET Q1 2026 Earnings Call Transcript
• Neutral Sentiment: News that Ares Management bought a stake in the Rover Pipeline adds context to ET’s asset value, but the direct stock impact for Energy Transfer is less clear. Ares Management Corp. Acquires 32.4% Stake in Rover Pipeline from Blackstone

Analysts Set New Price Targets

Several analysts have issued reports on ET shares. Barclays reiterated an "overweight" rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. Morgan Stanley upped their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 10th. Scotiabank reiterated an "outperform" rating on shares of Energy Transfer in a research report on Friday, January 16th. Raymond James Financial reissued a "strong-buy" rating on shares of Energy Transfer in a research note on Wednesday. Finally, Citigroup restated a "buy" rating and set a $23.00 target price (up from $22.00) on shares of Energy Transfer in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $22.00.

Energy Transfer Trading Down 2.9%

The firm has a market capitalization of $66.57 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.08 and a beta of 0.57. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. The firm's 50-day simple moving average is $19.06 and its 200-day simple moving average is $17.82.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.05). The company had revenue of $27.77 billion during the quarter, compared to analysts' expectations of $25.78 billion. Energy Transfer had a return on equity of 9.95% and a net margin of 4.66%.Energy Transfer's quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Analysts anticipate that Energy Transfer LP will post 1.52 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be given a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 7.0%. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date is Friday, May 8th. Energy Transfer's dividend payout ratio (DPR) is presently 111.67%.

Institutional Investors Weigh In On Energy Transfer

A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of Energy Transfer by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 268,563 shares of the pipeline company's stock valued at $5,183,000 after purchasing an additional 8,290 shares during the last quarter. CMC Financial Group purchased a new position in shares of Energy Transfer during the 1st quarter valued at about $579,000. Glenview Trust Co lifted its position in Energy Transfer by 2.4% in the 1st quarter. Glenview Trust Co now owns 78,315 shares of the pipeline company's stock worth $1,511,000 after buying an additional 1,831 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Energy Transfer in the first quarter worth approximately $35,000. Finally, AlTi Global Inc. purchased a new stake in Energy Transfer in the first quarter worth approximately $1,263,000. Hedge funds and other institutional investors own 38.22% of the company's stock.

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.

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