US Capital Advisors Predicts Energy Transfer Q4 Earnings

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

Several other equities research analysts have also issued reports on the stock. UBS Group lifted their price target on shares of Energy Transfer from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Bank of America initiated coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Energy Transfer from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $20.00.

Energy Transfer Stock Up 1.2 %

Shares of ET stock opened at $19.19 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.88 and a debt-to-equity ratio of 1.40. Energy Transfer has a 1 year low of $13.11 and a 1 year high of $19.35. The firm’s fifty day moving average price is $16.78 and its two-hundred day moving average price is $16.22. The firm has a market capitalization of $65.71 billion, a P/E ratio of 14.11, a PEG ratio of 0.61 and a beta of 1.66.

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

Institutional Investors Weigh In On Energy Transfer

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fortis Capital Management LLC boosted its position in shares of Energy Transfer by 2.0% during the 3rd quarter. Fortis Capital Management LLC now owns 31,956 shares of the pipeline company’s stock worth $513,000 after acquiring an additional 634 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of Energy Transfer by 65.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 650 shares in the last quarter. Veracity Capital LLC boosted its position in shares of Energy Transfer by 2.0% during the 2nd quarter. Veracity Capital LLC now owns 33,575 shares of the pipeline company’s stock worth $545,000 after acquiring an additional 659 shares in the last quarter. Haverford Trust Co boosted its position in shares of Energy Transfer by 0.7% during the 3rd quarter. Haverford Trust Co now owns 102,176 shares of the pipeline company’s stock worth $1,640,000 after acquiring an additional 675 shares in the last quarter. Finally, Morton Capital Management LLC CA boosted its position in shares of Energy Transfer by 1.6% during the 2nd quarter. Morton Capital Management LLC CA now owns 44,383 shares of the pipeline company’s stock worth $720,000 after acquiring an additional 699 shares in the last quarter. 38.22% of the stock is owned by institutional investors.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 8th were issued a $0.3225 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.72%. 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.