Energy Transfer (NYSE:ET) Trading Down 2.6% – What’s Next?

Energy Transfer LP (NYSE:ET) traded down 2.6% on Friday . The company traded as low as $20.11 and last traded at $20.1360. 11,075,029 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 13,574,123 shares. The stock had previously closed at $20.67.

Trending Headlines about Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: Strong second-quarter results and higher distribution: Energy Transfer reported second-quarter 2026 sales of $34.33 billion and net income of $2.09 billion, while earnings per unit exceeded expectations. The partnership also raised its quarterly cash distribution to $0.34 per common unit, reinforcing its income appeal. Did Strong Q2 Results and a Higher Payout Just Shift Energy Transfer’s Investment Narrative?
• Positive Sentiment: Growth outlook remains constructive: Analysts point to rising NGL exports, high pipeline and fractionator utilization, multi-year export commitments, and an accelerated capital-spending program as drivers of future EBITDA and distribution growth. Management continues to target roughly 3%–5% annual distribution growth while maintaining leverage near 4.0–4.5 times EBITDA. Energy Transfer Is Now Finally Firing on All Growth Cylinders
• Positive Sentiment: Value and income appeal: Zacks identified ET as a highly ranked value stock, while other coverage emphasized its approximately 6.6% distribution yield and improving profits. The combination of valuation support, cash income, and recent earnings beats could attract yield-focused investors. Energy Transfer Is a Top-Ranked Value Stock
• Negative Sentiment: Natural-gas market weakness: Natural-gas futures fell after a larger-than-expected storage build. Lower commodity prices can weigh on sentiment toward energy companies, although Energy Transfer’s fee-based pipeline, storage, and NGL businesses help reduce its direct exposure to gas-price volatility. Nat-Gas Prices Tumble on a Larger-Than-Expected Storage Build

Analyst Ratings Changes

ET has been the subject of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating and set a $24.00 price target (up from $23.00) on shares of Energy Transfer in a research report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a research note on Tuesday, May 12th. Barclays reaffirmed an “overweight” rating and set a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research report on Wednesday. Finally, Wall Street Zen upgraded Energy Transfer from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $23.67.

Energy Transfer Stock Down 2.6%

The stock’s 50-day moving average price is $19.63 and its two-hundred day moving average price is $19.21. The stock has a market capitalization of $69.29 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.98 and a beta of 0.55. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last issued its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.21. The company had revenue of $34.33 billion during the quarter, compared to analyst estimates of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.71%. Energy Transfer’s quarterly revenue was up 78.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. As a group, research analysts expect that Energy Transfer LP will post 1.52 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.8%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, August 7th. Energy Transfer’s dividend payout ratio is currently 91.84%.

Institutional Trading of Energy Transfer

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Energy Transfer by 41.6% in the fourth quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after buying an additional 25,366,594 shares in the last quarter. Alps Advisors Inc. grew its stake in Energy Transfer by 8.0% during the fourth quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock valued at $1,382,573,000 after acquiring an additional 6,192,066 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in Energy Transfer during the first quarter valued at approximately $61,760,000. SCS Capital Management LLC increased its holdings in Energy Transfer by 1,859.8% during the 2nd quarter. SCS Capital Management LLC now owns 1,942,908 shares of the pipeline company’s stock worth $37,148,000 after acquiring an additional 1,843,771 shares during the period. Finally, Invesco Ltd. increased its holdings in Energy Transfer by 3.2% during the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after acquiring an additional 1,773,042 shares during the period. 38.22% of the stock is currently owned by institutional investors.

About Energy Transfer

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.