Energy Transfer (ET) Stock Forecast & Price Target

Energy Transfer
Bull Case

Here are some ways that investors could benefit from investing in Energy Transfer LP:

• Energy Transfer LP recently reported second-quarter earnings that significantly exceeded market expectations, with earnings per share of $0.59 beating the consensus estimate of $0.38 by a wide margin, while revenue surged 78.4% year-over-year to $34.33 billion, demonstrating strong operational momentum and cash generation capabilities.
• The company has attracted significant institutional interest, with NEOS Investment Management LLC increasing its holdings by 47.9% in the second quarter and other major funds like Blackhill Capital Inc. and Beacon Pointe Advisors LLC also boosting their positions, suggesting that professional investors are confident in the company's long-term value proposition.
• Energy Transfer LP offers a compelling dividend yield of 6.33% based on the current stock price of $21.52, providing a substantial income stream for investors, supported by a payout ratio of 92.52% that reflects the company's commitment to returning cash to shareholders.
• Wall Street analysts have recently raised their price targets, with JPMorgan Chase & Co. lifting its target to $25.00 and Morgan Stanley raising its target to $25.00 as well, indicating a consensus view that the stock is undervalued relative to its current trading price and has significant upside potential.
• Insider confidence is high, as Director Kelcy L. Warren purchased over 647,000 shares in August 2026 and Director James Perry also acquired additional shares, signaling that company leadership believes the current valuation is attractive and supports the stock's future performance.