Energy Transfer (NYSE:ET) Stock Price Up 1.7% – Here’s What Happened
by Mitch Edgeman · The Markets DailyEnergy Transfer LP (NYSE:ET – Get Free Report) shot up 1.7% on Thursday . The company traded as high as $20.81 and last traded at $20.6950. 12,453,700 shares traded hands during trading, a decline of 8% from the average session volume of 13,590,780 shares. The stock had previously closed at $20.34.
Energy Transfer News Roundup
Here are the key news stories impacting Energy Transfer this week:
- Positive Sentiment: Strong second-quarter results and higher distribution: Energy Transfer reported second-quarter 2026 sales of $34.33 billion and net income of $2.09 billion, while earnings per unit exceeded expectations. The partnership also raised its quarterly cash distribution to $0.34 per common unit, reinforcing its income appeal. Did Strong Q2 Results and a Higher Payout Just Shift Energy Transfer’s Investment Narrative?
- Positive Sentiment: Growth outlook remains constructive: Analysts point to rising NGL exports, high pipeline and fractionator utilization, multi-year export commitments, and an accelerated capital-spending program as drivers of future EBITDA and distribution growth. Management continues to target roughly 3%–5% annual distribution growth while maintaining leverage near 4.0–4.5 times EBITDA. Energy Transfer Is Now Finally Firing on All Growth Cylinders
- Positive Sentiment: Value and income appeal: Zacks identified ET as a highly ranked value stock, while other coverage emphasized its approximately 6.6% distribution yield and improving profits. The combination of valuation support, cash income, and recent earnings beats could attract yield-focused investors. Energy Transfer Is a Top-Ranked Value Stock
- Negative Sentiment: Natural-gas market weakness: Natural-gas futures fell after a larger-than-expected storage build. Lower commodity prices can weigh on sentiment toward energy companies, although Energy Transfer’s fee-based pipeline, storage, and NGL businesses help reduce its direct exposure to gas-price volatility. Nat-Gas Prices Tumble on a Larger-Than-Expected Storage Build
Analyst Ratings Changes
ET has been the subject of several research reports. Citigroup reaffirmed a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research note on Friday. Morgan Stanley lifted their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Stifel Nicolaus boosted their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. TD Cowen restated a “buy” rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Energy Transfer from a “hold” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Energy Transfer presently has an average rating of “Buy” and an average price target of $23.67.
View Our Latest Stock Report on Energy Transfer
Energy Transfer Price Performance
The firm has a fifty day moving average of $19.63 and a two-hundred day moving average of $19.21. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $69.29 billion, a PE ratio of 13.70, a PEG ratio of 2.03 and a beta of 0.55.
Energy Transfer (NYSE:ET – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.21. Energy Transfer had a return on equity of 11.71% and a net margin of 4.87%.The business had revenue of $34.33 billion for the quarter, compared to analysts’ expectations of $27.71 billion. During the same period in the previous year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 78.4% on a year-over-year basis. Research analysts anticipate that Energy Transfer LP will post 1.52 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 6.8%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, August 7th. Energy Transfer’s payout ratio is currently 91.84%.
Institutional Trading of Energy Transfer
Several large investors have recently modified their holdings of the business. Morgan Stanley lifted its holdings in Energy Transfer by 41.6% in the fourth quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after buying an additional 25,366,594 shares during the period. Alps Advisors Inc. boosted its position in Energy Transfer by 8.0% during the 4th quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock valued at $1,382,573,000 after acquiring an additional 6,192,066 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in shares of Energy Transfer during the 1st quarter worth approximately $61,760,000. SCS Capital Management LLC grew its holdings in shares of Energy Transfer by 1,859.8% during the 2nd quarter. SCS Capital Management LLC now owns 1,942,908 shares of the pipeline company’s stock worth $37,148,000 after acquiring an additional 1,843,771 shares during the period. Finally, Invesco Ltd. raised its position in shares of Energy Transfer by 3.2% in the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after acquiring an additional 1,773,042 shares in the last quarter. 38.22% of the stock is owned by institutional investors.
Energy Transfer Company Profile
Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.
Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.