US Capital Advisors Weighs in on Energy Transfer Q4 Earnings

Energy Transfer LP (NYSE:ET - Free Report) - Investment analysts at US Capital Advisors reduced their Q4 2024 EPS estimates for shares of Energy Transfer in a note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will earn $0.31 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for Energy Transfer's current full-year earnings is $1.34 per share. US Capital Advisors also issued estimates for Energy Transfer's Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $1.16 EPS and FY2026 earnings at $1.22 EPS.

A number of other equities research analysts also recently issued reports on the company. Royal Bank of Canada increased their price target on Energy Transfer from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. UBS Group increased their target price on Energy Transfer from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Finally, Bank of America started coverage on Energy Transfer in a research note on Thursday, October 17th. They issued a "buy" rating and a $20.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $20.00.

Energy Transfer Stock Performance

Shares of NYSE:ET traded up $0.20 on Wednesday, reaching $19.40. 22,590,818 shares of the company's stock were exchanged, compared to its average volume of 13,712,633. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. Energy Transfer has a twelve month low of $13.11 and a twelve month high of $19.71. The company has a fifty day moving average of $16.85 and a 200-day moving average of $16.25. The company has a market capitalization of $66.42 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.61 and a beta of 1.66.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. The business had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $21.59 billion. During the same period in the prior year, the company posted $0.31 earnings per share. Energy Transfer's revenue was up .2% compared to the same quarter last year.

Hedge Funds Weigh In On Energy Transfer

A number of institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in shares of Energy Transfer by 15.0% during the third quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company's stock worth $5,567,000 after purchasing an additional 45,172 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Energy Transfer by 30.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company's stock worth $3,885,000 after acquiring an additional 57,184 shares during the last quarter. GFS Advisors LLC increased its position in Energy Transfer by 19,380.5% in the 3rd quarter. GFS Advisors LLC now owns 60,000 shares of the pipeline company's stock valued at $963,000 after acquiring an additional 59,692 shares during the period. Icon Wealth Advisors LLC raised its stake in shares of Energy Transfer by 239.0% during the third quarter. Icon Wealth Advisors LLC now owns 563,458 shares of the pipeline company's stock valued at $9,044,000 after acquiring an additional 397,260 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Energy Transfer by 5.9% during the third quarter. MAI Capital Management now owns 698,113 shares of the pipeline company's stock worth $11,205,000 after purchasing an additional 39,029 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Friday, November 8th were paid a dividend of $0.3225 per share. This represents a $1.29 annualized dividend and a yield of 6.65%. The ex-dividend date was Friday, November 8th. Energy Transfer's payout ratio is 94.85%.

Energy Transfer Company Profile

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.