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Energy Transfer (ET) Stock Price, News & Analysis

$16.09
-0.09 (-0.56%)
(As of 07/8/2024 ET)
Today's Range
$16.08
$16.28
50-Day Range
$15.16
$16.40
52-Week Range
$12.46
$16.48
Volume
8.25 million shs
Average Volume
9.03 million shs
Market Capitalization
$54.22 billion
P/E Ratio
14.76
Dividend Yield
7.89%
Price Target
$19.29

Energy Transfer MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
19.9% Upside
$19.29 Price Target
Short Interest
Healthy
1.18% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Energy Transfer in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.79%
From $1.45 to $1.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Oils/Energy Sector

62nd out of 230 stocks

Natural Gas Transmission Industry

2nd out of 18 stocks

ET stock logo

About Energy Transfer Stock (NYSE:ET)

Energy Transfer LP is a limited partnership operating midstream energy assets in the US. The company is an integrated and diversified play on energy that deals in natural gas and crude oil and their derivatives. The company’s operating territory spans the North American energy infrastructure system with operations in 41 states and Canada and is systemically important.

The company was founded n 1995 by Kelcy Warren and Ray Davis. The company was private until 2004 when it IPOd. It operated as a stand-alone business until 2011 when it joined forces with Regency Energy Partners to purchase assets from Castleton Commodities International and begin a growth phase. As of 2022, Mr. Warren remains as Chairperson. The company is headquartered in Houston, Texas but maintains an international office in Beijing.

Among other notable acquisitions are the purchase of Sunoco and Sunoco logistics partners and the eventual absorption of Regency Energy Partners. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018 along with some internal structural changes.

Today the company operates a vast network of natural gas and crude oil collection, processing and storage facilities along with the pipelines to move it. The company’s subsidiaries include but are not limited to Sunoco LP, Sunoco Logistics Partners, USA Compression Partners and it owns 100% or a controlling interest in pipelines that include the Dakota Access Pipeline, the Bayou Bridge Pipeline and the Florida Gas Transmission Pipeline.

Energy Transfer Partner LP owns or controls more than 120,000 miles of pipeline infrastructure, including natural gas, crude oil and derivative vehicles. The company controls or owns five natural gas storage facilities and over a dozen natural gas or LNG processing plants. The company can compress and deliver LNG to transport vessels as well as process, store and deliver propane. Its downstream operations include wholesaling natural gas and derivative crude oil products to utility companies, industrial users, and consumers.

As of 2022, the company employed more than 11,000 people and brought in more than $39 billion in net revenue. Roughly 30% of the nation's natural gas is moved by Energy Transfer Partners LP infrastructure and growing. Projects in the works include newer, more efficient processing plants and the interstate Gulf Run pipeline.

Natural gas is a crucial factor in the switch to green energy. Not only is it the cleanest of all petroleum-based energy sources, but it is easy to store and use, making it ideal as a backup source for intermittent energy like solar and wind. Natural gas is also important as a feedstock for plastics and other products critical to the health industry. Natural gas is also important for making ammonia, a necessary fertilizer for today’s food chain.

As an MLP, Energy Transfers Partners pays a large share of its earnings as dividends. Investors of record can enroll in the Dividend Reinvestment Plan or DRIP and have their distributions paid in shares.



ET Stock Price History

ET Stock News Headlines

Energy Transfer (NYSE:ET) Trading Down 0.6%
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A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
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Energy Transfer (NYSE:ET) Trading 0.2% Higher
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The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
Energy Transfer (NYSE:ET) Shares Up 0.5%
Energy Transfer (NYSE:ET) Sets New 1-Year High at $16.44
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Ex-Dividend for 5/20 Dividend
5/10/2024
Dividend Payable
5/20/2024
Today
7/08/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
13,786
Year Founded
2001

Price Target and Rating

Average Stock Price Target
$19.29
High Stock Price Target
$24.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+19.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$3.47 billion
Pretax Margin
7.22%

Debt

Sales & Book Value

Annual Sales
$78.59 billion
Cash Flow
$2.48 per share
Book Value
$11.92 per share

Miscellaneous

Outstanding Shares
3,370,020,000
Free Float
3,259,486,000
Market Cap
$54.22 billion
Optionable
Optionable
Beta
1.66
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Key Executives

Should I Buy Energy Transfer Stock? ET Pros and Cons Explained

Pros

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

  • Energy Transfer LP stock price has been showing consistent growth, indicating potential for capital appreciation.
  • The company has a strong market capitalization of $55.27 billion, reflecting stability and size in the market.
  • Energy Transfer LP has a low price-to-earnings ratio of 15.05, suggesting the stock may be undervalued compared to its earnings.
  • Analysts have given Energy Transfer LP a consensus rating of "Moderate Buy" with an average target price of $19.29, indicating positive sentiment from experts.
  • The company has been increasing its dividend, providing investors with a source of passive income.

Cons

Investors should be bearish about investing in Energy Transfer LP for these reasons:

  • Energy Transfer LP's stock has a beta of 1.66, indicating higher volatility compared to the market average, which may pose risks for investors.
  • The company's debt-to-equity ratio of 1.37 is relatively high, suggesting a higher level of financial leverage that could increase financial risk.
  • Energy Transfer LP's recent earnings report showed a miss on the consensus estimate, which may lead to investor concerns about the company's financial performance.
  • The stock's 50-day moving average price of $15.74 is below the current trading price, potentially signaling a short-term bearish trend.
  • While analysts have given positive ratings, there is still one analyst with a hold rating, indicating some uncertainty in the market sentiment towards the stock.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Energy Transfer pros and cons to contact@marketbeat.com.

ET Stock Analysis - Frequently Asked Questions

How have ET shares performed this year?

Energy Transfer's stock was trading at $13.80 at the beginning of the year. Since then, ET shares have increased by 16.6% and is now trading at $16.09.
View the best growth stocks for 2024 here
.

How were Energy Transfer's earnings last quarter?

Energy Transfer LP (NYSE:ET) issued its quarterly earnings data on Wednesday, May, 8th. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.04. The firm's revenue was up 13.9% compared to the same quarter last year.

When did Energy Transfer's stock split?

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

What is Kelcy L. Warren's approval rating as Energy Transfer's CEO?

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.

Who are Energy Transfer's major shareholders?

Top institutional shareholders of Energy Transfer include Chickasaw Capital Management LLC (0.44%), Westend Capital Management LLC (0.02%), Transcend Capital Advisors LLC and Cullen Investment Group LTD.. Insiders that own company stock include Kelcy L Warren, Marshall S Mccrea III, Thomas P Mason, Bradford D Whitehurst, Richard D Brannon, Michael K Grimm, Matthew S Ramsey, Thomas E Long and Ray W Washburne.
View institutional ownership trends
.

How do I buy shares of Energy Transfer?

Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Energy Transfer own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and AbbVie (ABBV).

This page (NYSE:ET) was last updated on 7/9/2024 by MarketBeat.com Staff

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