Energy Transfer (ET) Projected to Post Earnings on Tuesday

Energy Transfer (NYSE:ET) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $22.28 billion for the quarter.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. On average, analysts expect Energy Transfer to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Energy Transfer Trading Down 1.0 %

Shares of ET opened at $17.27 on Tuesday. The firm’s 50 day simple moving average is $17.90 and its 200 day simple moving average is $18.51. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The company has a market capitalization of $59.26 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.64 and a beta of 1.32. Energy Transfer has a 1-year low of $14.60 and a 1-year high of $21.45.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be given a dividend of $0.3275 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 9th. This represents a $1.31 dividend on an annualized basis and a yield of 7.59%. Energy Transfer’s dividend payout ratio (DPR) is presently 102.34%.

Institutional Trading of Energy Transfer

An institutional investor recently raised its position in Energy Transfer stock. Brighton Jones LLC raised its stake in shares of Energy Transfer LP (NYSE:ET) by 93.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,530 shares of the pipeline company’s stock after buying an additional 11,844 shares during the period. Brighton Jones LLC’s holdings in Energy Transfer were worth $481,000 as of its most recent SEC filing. Institutional investors own 38.22% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ET. Barclays lifted their price target on shares of Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Citigroup reiterated a “buy” rating on shares of Energy Transfer in a report on Monday, March 24th. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Stifel Nicolaus raised their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Tuesday, March 4th. 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, Energy Transfer presently has an average rating of “Moderate Buy” and an average price target of $22.09.

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.