Energy Transfer Q4 EPS Estimate Cut by US Capital Advisors

Energy Transfer LP (NYSE:ET) – Analysts at US Capital Advisors lowered their Q4 2024 earnings per share estimates for Energy Transfer in a research report issued to clients and investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.33. The consensus estimate for Energy Transfer’s current full-year earnings is $1.34 per share. US Capital Advisors also issued estimates for Energy Transfer’s Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $1.16 EPS and FY2026 earnings at $1.22 EPS.

A number of other research firms also recently commented on ET. Royal Bank of Canada boosted their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group upped their price target on Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Bank of America started coverage on Energy Transfer in a report on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Energy Transfer has an average rating of “Buy” and a consensus target price of $20.00.

Energy Transfer Trading Up 1.0 %

Shares of Energy Transfer stock opened at $19.40 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 1.40. The firm has a market cap of $66.42 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.61 and a beta of 1.66. Energy Transfer has a 52-week low of $13.11 and a 52-week high of $19.71. The company’s 50-day simple moving average is $16.85 and its 200-day simple moving average is $16.25.

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

Energy Transfer Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were given a $0.3225 dividend. This represents a $1.29 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s payout ratio is currently 94.85%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in Energy Transfer by 15.0% during the 3rd quarter. Empowered Funds LLC now owns 346,825 shares of the pipeline company’s stock valued at $5,567,000 after purchasing an additional 45,172 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Energy Transfer by 30.9% in the third quarter. Kingsview Wealth Management LLC now owns 242,042 shares of the pipeline company’s stock worth $3,885,000 after acquiring an additional 57,184 shares in the last quarter. GFS Advisors LLC boosted its holdings in Energy Transfer by 19,380.5% in the third quarter. GFS Advisors LLC now owns 60,000 shares of the pipeline company’s stock valued at $963,000 after purchasing an additional 59,692 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in Energy Transfer by 239.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 563,458 shares of the pipeline company’s stock valued at $9,044,000 after purchasing an additional 397,260 shares in the last quarter. Finally, MAI Capital Management increased its holdings in Energy Transfer by 5.9% during the 3rd quarter. MAI Capital Management now owns 698,113 shares of the pipeline company’s stock worth $11,205,000 after purchasing an additional 39,029 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Company Profile

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.