Energy Transfer (ET) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last twelve months. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ET shares.
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8 brokerages have issued 12-month target prices for Energy Transfer's stock. Their ET share price forecasts range from $16.00 to $17.00. On average, they predict the company's share price to reach $16.43 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
View analysts price targets for ET or view top-rated stocks among Wall Street analysts.

Energy Transfer's stock was trading at $11.87 on January 1st, 2023. Since then, ET shares have increased by 6.6% and is now trading at $12.65.
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Energy Transfer saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 56,300,000 shares, an increase of 11.8% from the April 30th total of 50,380,000 shares. Based on an average daily trading volume, of 11,240,000 shares, the short-interest ratio is presently 5.0 days. Approximately 2.2% of the shares of the company are sold short.
View Energy Transfer's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ET earnings forecast.

Energy Transfer LP (NYSE:ET) posted its earnings results on Tuesday, May, 2nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The pipeline company had revenue of $19 billion for the quarter, compared to analysts' expectations of $21.49 billion. Energy Transfer had a trailing twelve-month return on equity of 13.06% and a net margin of 5.08%. The business's revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS.

Energy Transfer announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be given a dividend of $0.308 per share on Monday, May 22nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date of this dividend is Friday, May 5th. This is an increase from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for ET.

ETFs with the largest weight of Energy Transfer (NYSE:ET) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), First Trust North American Energy Infrastructure Fund (EMLP), FT Energy Income Partners Strategy ETF (EIPX) and Global X MLP & Energy Infrastructure ETF (MLPX).

Energy Transfer (NYSE:ET) pays an annual dividend of $1.23 per share and currently has a dividend yield of 9.72%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 91.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ET will have a dividend payout ratio of 91.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ET.

Energy Transfer shares split on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were issued to shareholders after the closing bell on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Energy Transfer's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (1.18%), Bank of America Corp DE (1.03%), FMR LLC (0.91%), Kayne Anderson Capital Advisors LP (0.82%), Clearbridge Investments LLC (0.70%) and CIBC Private Wealth Group LLC (0.54%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, Kelcy L Warren, Kelcy L Warren, Matthew S Ramsey, Michael K Grimm, Ray W Washburne, Richard D Brannon and Thomas E Long.
View institutional ownership trends.

Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ET stock can currently be purchased for approximately $12.65.

Energy Transfer (NYSE:ET) has a market capitalization of $39.74 billion and generates $89.88 billion in revenue each year. The pipeline company earns $4.33 billion in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 12,565 workers across the globe.

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The official website for the company is www.energytransfer.com. The pipeline company can be reached via phone at (214) 981-0700, via email at investorrelations@energytransfer.com, or via fax at 214-981-0703.