Energy Transfer (TXSE:ET) Stock Price Target Raised at Citigroup

Energy Transfer (TXSE:ET) had its target price raised by Citigroup from $24.00 to $25.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the pipeline company’s stock.

Several other equities research analysts also recently commented on the company. Mizuho set a $26.00 price objective on Energy Transfer in a report on Tuesday, October 13th. Barclays reiterated an “overweight” rating and issued a $24.00 target price (up from $23.00) on shares of Energy Transfer in a report on Wednesday, August 5th. Weiss Ratings raised shares of Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their price target on shares of Energy Transfer from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.80.

Energy Transfer Stock Performance

The stock’s fifty day moving average price is $20.60 and its two-hundred day moving average price is $19.70. The firm has a market capitalization of $65.15 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.73 and a beta of 0.62. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. Energy Transfer has a twelve month low of $16.18 and a twelve month high of $21.84.

Energy Transfer (TXSE:ET) last posted its quarterly earnings results on Tuesday, November 3rd. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The company had revenue of $37.10 billion during the quarter, compared to the consensus estimate of $30.98 billion. During the same period last year, the firm posted $0.28 earnings per share. On average, equities research analysts predict that Energy Transfer will post 1.73 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be given a dividend of $0.3425 per share. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.37 annualized dividend and a dividend yield of 7.2%. Energy Transfer’s payout ratio is presently 90.13%.

Insider Activity

In related news, Director Kelcy Warren purchased 647,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $21.26 per share, for a total transaction of $13,775,799.68. Following the completion of the acquisition, the director owned 147,901,879 shares of the company’s stock, valued at $3,144,393,947.54. This represents a 0.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energy Transfer

Large investors have recently bought and sold shares of the stock. MSH Capital Advisors LLC grew its position in Energy Transfer by 1.9% in the 3rd quarter. MSH Capital Advisors LLC now owns 93,746 shares of the pipeline company’s stock worth $1,853,000 after purchasing an additional 1,730 shares in the last quarter. Cornerstone Advisory LLC lifted its position in shares of Energy Transfer by 0.6% during the 3rd quarter. Cornerstone Advisory LLC now owns 109,694 shares of the pipeline company’s stock worth $2,169,000 after buying an additional 624 shares in the last quarter. ACT Capital Partners L.P. purchased a new position in shares of Energy Transfer in the 3rd quarter worth approximately $2,631,000. Financial Freedom LLC purchased a new position in shares of Energy Transfer in the 3rd quarter worth approximately $48,000. Finally, EagleClaw Capital Managment LLC grew its holdings in shares of Energy Transfer by 8.7% in the third quarter. EagleClaw Capital Managment LLC now owns 12,500 shares of the pipeline company’s stock valued at $247,000 after acquiring an additional 1,000 shares in the last quarter. 38.22% of the stock is currently owned by institutional investors.

Key Energy Transfer News

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

• Positive Sentiment: Citigroup raised its price target to $25 from $24 and maintained a Buy rating, implying substantial upside from the reported $18.92 share price. Citigroup rating
• Positive Sentiment: Recent analysis highlighted stronger Q3 operating performance, including EBITDA growth, record volumes, and raised full-year EBITDA guidance of $19.7–$19.9 billion. The company’s pipeline projects and fee-based growth plans could add to future earnings. Q3 results and outlook
• Positive Sentiment: Energy Transfer reached a final investment decision on a $1.6 billion South Mississippi pipeline, a long-term infrastructure project that may expand its growth opportunities. South Mississippi pipeline
• Neutral Sentiment: The partnership priced $2.7 billion of senior notes, with maturities from 2032 to 2057 and coupons of 5.45% to 6.55%. The proceeds can support financing needs, but the borrowing adds long-term interest obligations. Senior notes offering
• Negative Sentiment: Despite strong operating metrics, Energy Transfer missed analysts’ Q3 EPS estimate, a potential concern for investors focused on per-share results. Broader market volatility and interest-rate uncertainty may also pressure sentiment. Analysis of earnings miss

About Energy Transfer

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.