US Capital Advisors Predicts Energy Transfer Q4 Earnings

Energy Transfer LP (NYSE:ET) – Analysts at US Capital Advisors raised their Q4 2024 earnings per share (EPS) estimates for shares of Energy Transfer in a research note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.32 per share for the quarter, up from their prior forecast 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.

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

Energy Transfer Trading Down 2.0 %

Shares of ET stock opened at $20.37 on Thursday. Energy Transfer has a 1 year low of $13.79 and a 1 year high of $21.45. The firm has a market capitalization of $69.76 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. The stock has a fifty day moving average of $19.69 and a two-hundred day moving average of $17.59. 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 (NYSE:ET) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $21.59 billion. Energy Transfer had a net margin of 5.90% and a return on equity of 12.38%. Energy Transfer’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.38%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 7th. Energy Transfer’s payout ratio is presently 94.85%.

Institutional Investors Weigh In On Energy Transfer

A number of institutional investors have recently bought and sold shares of ET. Princeton Global Asset Management LLC grew its position in Energy Transfer by 65.0% during 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 in the last quarter. Assetmark Inc. increased its stake in shares of Energy Transfer by 2,138.5% in the third 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 purchased a new stake in shares of Energy Transfer during the fourth quarter worth $29,000. Financial Life Planners acquired a new stake in Energy Transfer during the fourth quarter valued at $37,000. Finally, Citizens National Bank Trust Department purchased a new position in Energy Transfer in the fourth quarter valued at about $39,000. 38.22% of the stock is currently owned by institutional investors and hedge funds.

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.