Fri Apr 04 14:10:00 UTC 2025: ## Energy Transfer LP (ET) Sees Slight Uptick Amidst Positive Analyst Ratings

**NEW YORK, NY – April 26, 2024** – Energy Transfer LP (NYSE: ET) experienced a modest 0.4% increase in its share price on Wednesday, closing at $18.81. Trading volume, however, was significantly lower than average, at 1,631,148 shares – a drop of 89%.

The positive movement comes amidst a wave of bullish sentiment from several research firms. Stifel Nicolaus raised its price target to $23, maintaining a “buy” rating; UBS Group also reiterated its “buy” rating. Barclays and Morgan Stanley increased their price targets to $25 and $26, respectively, both assigning an “overweight” rating. While Goldman Sachs raised its target to $20, it maintained a “neutral” rating. Overall, ten analysts rate the stock as a “buy,” with only one issuing a “hold” rating. MarketBeat currently gives ET a “Moderate Buy” rating with an average target price of $22.09.

Despite the positive analyst outlook, Energy Transfer recently missed earnings expectations, reporting $0.29 earnings per share (EPS) for the quarter, compared to the consensus estimate of $0.35. The company did announce a quarterly dividend increase to $0.325 per share, representing a 7.34% yield.

Several institutional investors have also adjusted their holdings in ET, with some increasing their stakes while others purchased new positions. Institutional ownership currently stands at 38.22%.

Energy Transfer LP operates natural gas transportation pipelines and storage facilities across Texas and Oklahoma, managing approximately 20,090 miles of interstate natural gas pipeline. The company’s market capitalization is $60.75 billion, with a P/E ratio of 13.83. Despite the recent price increase and positive analyst sentiment, MarketBeat notes that other energy stocks are considered higher priorities by top analysts.

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