Energy Transfer (NYSE:ET) Sets New 52-Week High – Still a Buy?

Energy Transfer LP (NYSE:ET)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.84 and last traded at $21.6250, with a volume of 731063 shares. The stock had previously closed at $21.68.

Energy Transfer News Roundup

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

• Positive Sentiment: New $25 price target: Stifel Nicolaus initiated coverage of Energy Transfer with a “buy” rating and a $25 target, implying meaningful upside from recent trading levels. Stifel Energy Transfer coverage
• Positive Sentiment: Momentum from energy prices: ET has continued rallying as energy prices rise, with the stock reaching an all-time high. The move to the Texas exchange has also added visibility and investor interest. What’s next for the soaring Energy Transfer stock?
• Positive Sentiment: Income-investment appeal: Commentary highlighted that Energy Transfer’s distribution is covered roughly twice by distributable cash flow, reinforcing confidence in the sustainability of its payout and supporting demand from income-oriented investors. Energy Transfer’s payout coverage
• Neutral Sentiment: Texas Stock Exchange listing: Energy Transfer will transfer its common-unit listing from the NYSE to TXSE, with trading expected to begin October 5, 2026. The units will retain the “ET” ticker. Management says the move reflects the company’s Texas roots and could broaden visibility, but the direct financial impact remains uncertain. Energy Transfer to Transfer Stock Exchange Listings to Texas Stock Exchange
• Neutral Sentiment: Broker sentiment remains favorable: Analysts collectively rate ET “Moderate Buy,” providing additional support for the stock’s recent strength, although this is not a new earnings catalyst. Energy Transfer average brokerage recommendation

Analysts Set New Price Targets

ET has been the topic of several analyst reports. Wall Street Zen raised shares of Energy Transfer from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays reissued an “overweight” rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research note on Wednesday, August 5th. TD Cowen restated a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of Energy Transfer in a research report on Monday, August 10th. Stifel Nicolaus started coverage on shares of Energy Transfer in a research note on Thursday. They set a “buy” rating and a $25.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Buy” and a consensus price target of $24.17.

Energy Transfer Trading Down 0.8%

The stock has a fifty day moving average of $20.70 and a 200 day moving average of $19.73. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. The company has a market capitalization of $74.19 billion, a PE ratio of 14.66, a PEG ratio of 0.73 and a beta of 0.57.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.21. The business had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $27.71 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%.The firm’s revenue for the quarter was up 78.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. As a group, sell-side analysts predict that Energy Transfer LP will post 1.72 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Friday, August 7th. Energy Transfer’s dividend payout ratio (DPR) is currently 92.52%.

Insider Buying and Selling at Energy Transfer

In related news, Director James Perry purchased 12,359 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the purchase, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This trade represents a 6.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kelcy L. Warren acquired 647,968 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the acquisition, the director directly owned 147,901,879 shares in the company, valued at approximately $3,144,393,947.54. The trade was a 0.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 1,012,359 shares of company stock valued at $21,513,543 over the last ninety days. 3.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Energy Transfer

A number of hedge funds have recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new position in Energy Transfer during the 4th quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new stake in shares of Energy Transfer during the 2nd quarter worth approximately $25,000. Gables Capital Management Inc. boosted its position in shares of Energy Transfer by 60.0% during the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of Energy Transfer during the 4th quarter valued at approximately $32,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Energy Transfer in the first quarter valued at $35,000. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Company Profile

Energy Transfer LP (NYSE: ET) is a diversified midstream energy partnership that owns and operates infrastructure used to transport, store, process and market energy commodities. Its assets support the movement of natural gas, crude oil, natural gas liquids (NGLs), refined products and other hydrocarbon-based materials.

The company’s operations include natural gas gathering and processing, interstate and intrastate pipeline transportation, NGL fractionation and storage, crude oil and refined products transportation, and terminal services.