Brokerages Set Energy Transfer LP (NYSE:ET) Price Target at $23.45

Energy Transfer LP (NYSE:ET) has been assigned an average rating of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $23.4545.

ET has been the topic of a number of research reports. TD Cowen reaffirmed a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a report on Wednesday, May 13th. Raymond James Financial reissued a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday, May 6th. Citigroup reissued a “buy” rating and issued a $23.00 target price (up from $22.00) on shares of Energy Transfer in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Energy Transfer in a research note on Friday, June 5th. Finally, Morgan Stanley upped their price target on Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th.

Energy Transfer Price Performance

ET opened at $19.02 on Friday. Energy Transfer has a fifty-two week low of $16.18 and a fifty-two week high of $20.70. The firm has a 50-day moving average of $19.45 and a 200 day moving average of $18.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17. The firm has a market cap of $65.46 billion, a P/E ratio of 15.85, a PEG ratio of 1.11 and a beta of 0.55.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.During the same period in the prior year, the firm posted $0.36 EPS. The business’s revenue was up 32.1% on a year-over-year basis. On average, research analysts expect that Energy Transfer will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $0.3375 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.35 dividend on an annualized basis and a yield of 7.1%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio (DPR) is presently 112.50%.

Hedge Funds Weigh In On Energy Transfer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in shares of Energy Transfer by 41.6% in the fourth quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock valued at $1,423,256,000 after purchasing an additional 25,366,594 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Energy Transfer in the 3rd quarter valued at approximately $264,309,000. Alps Advisors Inc. raised its holdings in Energy Transfer by 8.0% during the 4th quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock valued at $1,382,573,000 after acquiring an additional 6,192,066 shares during the period. Mizuho Markets Americas LLC bought a new stake in Energy Transfer during the 1st quarter valued at $61,760,000. Finally, Invesco Ltd. lifted its position in shares of Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after acquiring an additional 1,773,042 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer News Summary

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

• Positive Sentiment: Energy Transfer announced a major expansion of its Nederland NGL Export Terminal in Texas, boosting ethane export capacity by 240,000 barrels per day and LPG capacity by 55,000 barrels per day, which should support higher throughput and future cash flow. Energy Transfer (ET) Expands Nederland NGL Export Terminal to Increase Capacity by 295,000 Bpd
• Positive Sentiment: Matador Resources disclosed new agreements with Energy Transfer affiliates, including a gas supply deal designed to improve pricing netbacks and reduce exposure to Waha Hub volatility in the second half of 2026, suggesting stronger commercial visibility for ET’s midstream assets. Is Energy Transfer LP (ET) One of the Best Energy Dividend Stocks to Buy Now?
• Neutral Sentiment: Energy Transfer set its second-quarter 2026 earnings release for August 4, with a conference call the same day, giving investors a near-term catalyst to watch for guidance and results. Energy Transfer Announces Second Quarter 2026 Earnings Release and Earnings Call Timing
• Neutral Sentiment: Several articles highlighted ET as a popular dividend and value stock, and one noted the shares still screen as undervalued despite a roughly 166% five-year gain, reinforcing the bullish long-term thesis but not changing the near-term outlook on its own. Energy Transfer (ET) Stock Still Looks Below Fair Value After Its 166% Run
• Negative Sentiment: After a large multi-year run-up, investors may be questioning how much upside remains at current levels, which can create valuation pressure even when the company’s operating outlook is solid. Energy Transfer (ET) Stock Still Looks Below Fair Value After Its 166% Run

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.