Energy Transfer Q4 EPS Forecast Cut by US Capital Advisors

Energy Transfer LP (NYSE:ET) – Stock analysts at US Capital Advisors reduced their Q4 2024 earnings per share (EPS) estimates for shares of Energy Transfer in a research report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $0.31 per share for the quarter, down from their previous forecast 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.

ET has been the topic of a number of other reports. UBS Group raised their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. 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 price objective on the stock. Finally, Royal Bank of Canada upped their target price on Energy Transfer from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Energy Transfer Stock Up 1.1 %

Shares of ET opened at $19.42 on Wednesday. The stock has a 50 day moving average price of $16.91 and a 200 day moving average price of $16.27. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.88 and a current ratio of 1.08. The stock has a market capitalization of $66.49 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.61 and a beta of 1.66. Energy Transfer has a one year low of $13.11 and a one year high of $19.71.

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

Hedge Funds Weigh In On Energy Transfer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Energy Transfer by 44.0% during the third quarter. FMR LLC now owns 33,379,297 shares of the pipeline company’s stock worth $535,738,000 after buying an additional 10,195,768 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Energy Transfer by 12.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 36,668,846 shares of the pipeline company’s stock worth $594,769,000 after acquiring an additional 4,141,715 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Energy Transfer by 1,491.0% during the 3rd quarter. International Assets Investment Management LLC now owns 4,175,731 shares of the pipeline company’s stock worth $67,020,000 after acquiring an additional 3,913,266 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Energy Transfer by 36.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,563,478 shares of the pipeline company’s stock valued at $185,594,000 after purchasing an additional 3,106,631 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Energy Transfer by 45.9% during the 3rd quarter. Citigroup Inc. now owns 9,581,762 shares of the pipeline company’s stock worth $153,787,000 after purchasing an additional 3,013,973 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

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 paid a $0.3225 dividend. This represents a $1.29 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s payout ratio is 94.85%.

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.