US Capital Advisors Forecasts Energy Transfer Q4 Earnings

Energy Transfer LP (NYSE:ET) – Research analysts at US Capital Advisors lowered their Q4 2024 EPS estimates for shares of Energy Transfer in a report released on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now expects 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.

Energy Transfer (NYSE:ET) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 12.38% and a net margin of 5.90%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share.

ET has been the topic of several other reports. Royal Bank of Canada raised their price objective on shares of Energy Transfer from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group raised their price target on Energy Transfer from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Bank of America began coverage on Energy Transfer in a research note on Thursday, October 17th. They set a “buy” rating and a $20.00 price objective for the company. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $20.00.

Energy Transfer Stock Performance

Shares of ET opened at $19.42 on Wednesday. The company’s 50 day simple moving average is $16.91 and its 200-day simple moving average is $16.27. The firm has a market cap of $66.49 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.61 and a beta of 1.66. Energy Transfer has a 12-month low of $13.11 and a 12-month high of $19.71. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders 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 dividend yield of 6.64%. The ex-dividend date was Friday, November 8th. Energy Transfer’s dividend payout ratio (DPR) is 94.85%.

Hedge Funds Weigh In On Energy Transfer

A number of institutional investors and hedge funds have recently made changes to their positions in ET. SVB Wealth LLC boosted its position in Energy Transfer by 40.1% during the first quarter. SVB Wealth LLC now owns 31,669 shares of the pipeline company’s stock worth $498,000 after purchasing an additional 9,072 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Energy Transfer by 31.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 159,264 shares of the pipeline company’s stock worth $2,505,000 after buying an additional 38,383 shares in the last quarter. Tidal Investments LLC grew its stake in Energy Transfer by 12.9% in the 1st quarter. Tidal Investments LLC now owns 86,196 shares of the pipeline company’s stock valued at $1,342,000 after acquiring an additional 9,849 shares during the last quarter. Virtu Financial LLC increased its holdings in Energy Transfer by 288.8% during the 1st quarter. Virtu Financial LLC now owns 241,360 shares of the pipeline company’s stock valued at $3,797,000 after acquiring an additional 179,280 shares in the last quarter. Finally, Independent Wealth Network Inc. raised its position in Energy Transfer by 5.1% during the first quarter. Independent Wealth Network Inc. now owns 45,643 shares of the pipeline company’s stock worth $718,000 after acquiring an additional 2,219 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

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.