US Capital Advisors Forecasts Energy Transfer Q4 Earnings

Energy Transfer LP (NYSE:ET) – Equities researchers at US Capital Advisors lifted their Q4 2024 earnings per share (EPS) estimates for Energy Transfer in a note issued to investors on Monday, February 3rd. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.32 per share for the quarter, up from their prior estimate of $0.31. The consensus estimate for Energy Transfer’s current full-year earnings is $1.36 per share. US Capital Advisors also issued estimates for Energy Transfer’s Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.33 EPS and FY2026 earnings at $1.44 EPS.

A number of other analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays increased their target price on Energy Transfer from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their target price on Energy Transfer from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Bank of America assumed coverage on shares of Energy Transfer in a research report on Thursday, October 17th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Energy Transfer from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.82.

Energy Transfer Price Performance

Energy Transfer stock opened at $20.79 on Thursday. 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 company has a market capitalization of $71.19 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.54 and a beta of 1.69. The company’s 50 day simple moving average is $19.66 and its 200-day simple moving average is $17.57. Energy Transfer has a 1 year low of $13.79 and a 1 year high of $21.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings results 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 analyst estimates of $21.59 billion. Energy Transfer had a return on equity of 12.38% and a net margin of 5.90%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. Energy Transfer’s payout ratio is 95.59%.

Hedge Funds Weigh In On Energy Transfer

Several large investors have recently bought and sold shares of ET. Jones Financial Companies Lllp raised its holdings in Energy Transfer by 16.6% during the fourth quarter. Jones Financial Companies Lllp now owns 308,278 shares of the pipeline company’s stock worth $6,039,000 after purchasing an additional 43,899 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Energy Transfer by 8.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 34,294 shares of the pipeline company’s stock valued at $672,000 after buying an additional 2,683 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in Energy Transfer during the 4th quarter worth $47,000. Jacobi Capital Management LLC lifted its position in Energy Transfer by 1.6% in the fourth quarter. Jacobi Capital Management LLC now owns 110,679 shares of the pipeline company’s stock valued at $2,168,000 after acquiring an additional 1,754 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Energy Transfer by 242.9% in the fourth quarter. US Bancorp DE now owns 493,107 shares of the pipeline company’s stock valued at $9,660,000 after acquiring an additional 349,307 shares in the last quarter. Hedge funds and other 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.