Q4 EPS Estimates for Energy Transfer Lifted by Analyst

Energy Transfer LP (NYSE:ET) – US Capital Advisors upped their Q4 2024 earnings per share estimates for shares of Energy Transfer in a report released on Monday, February 3rd. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.31. The consensus estimate for Energy Transfer’s current full-year earnings is $1.36 per share. US Capital Advisors also issued estimates for Energy Transfer’s Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.33 EPS and FY2026 earnings at $1.44 EPS.

Energy Transfer (NYSE:ET) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. Energy Transfer’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share.

Other equities analysts have also issued reports about the company. Barclays increased their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company raised their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group increased their price objective on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Bank of America began coverage on Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 target price for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

Energy Transfer Trading Down 2.2 %

Shares of Energy Transfer stock opened at $19.92 on Thursday. The company has a fifty day moving average of $19.71 and a 200 day moving average of $17.61. The company has a market capitalization of $68.19 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.54 and a beta of 1.69. Energy Transfer has a fifty-two week low of $13.80 and a fifty-two week high of $21.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Friday, February 7th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s dividend payout ratio (DPR) is 94.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC increased its holdings in shares of Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 650 shares during the last quarter. Assetmark Inc. increased its stake in shares of Energy Transfer by 2,138.5% in the 3rd quarter. Assetmark Inc. now owns 1,746 shares of the pipeline company’s stock worth $28,000 after acquiring an additional 1,668 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Energy Transfer in the 4th quarter worth $29,000. United Community Bank acquired a new position in shares of Energy Transfer during the 4th quarter valued at about $35,000. Finally, Financial Life Planners purchased a new stake in shares of Energy Transfer in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 38.22% of the company’s stock.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.