US Capital Advisors Predicts Energy Transfer Q4 Earnings

Energy Transfer LP (NYSE:ET) – Research analysts at US Capital Advisors lowered their Q4 2024 earnings estimates for Energy Transfer in a research report issued to clients and investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.31 for the quarter, down from their prior 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.

Other equities analysts also recently issued research reports about the stock. UBS Group raised 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 started coverage on shares of Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 price target for the company. Finally, Royal Bank of Canada raised 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, Energy Transfer currently has an average rating of “Buy” and a consensus target price of $20.00.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $19.19 on Wednesday. Energy Transfer has a fifty-two week low of $13.11 and a fifty-two week high of $19.35. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.88. The firm has a market capitalization of $65.71 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.61 and a beta of 1.66. The company’s 50 day moving average price is $16.78 and its two-hundred day moving average price is $16.22.

Energy Transfer (NYSE:ET) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $21.59 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis.

Energy Transfer Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Friday, November 8th were paid a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend was Friday, November 8th. Energy Transfer’s dividend payout ratio is presently 94.85%.

Hedge Funds Weigh In On Energy Transfer

A number of hedge funds have recently bought and sold shares of the company. Princeton Global Asset Management LLC grew its holdings in Energy Transfer by 65.0% in the third quarter. Princeton Global Asset Management LLC now owns 1,650 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 650 shares during the period. Assetmark Inc. grew its holdings in 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 purchasing an additional 1,668 shares during the period. LRI Investments LLC acquired a new stake in Energy Transfer in the first quarter worth $29,000. HWG Holdings LP acquired a new stake in Energy Transfer in the second quarter worth $33,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in Energy Transfer by 43.6% in the third quarter. Sugarloaf Wealth Management LLC now owns 2,472 shares of the pipeline company’s stock worth $40,000 after purchasing an additional 750 shares during the period. Institutional investors own 38.22% of the company’s stock.

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.