<div id="readability-page-1"><p><span>Energy Transfer (NYSE:ET - Get Free Report)</span> had its price target decreased by stock analysts at JPMorgan Chase &amp; Co.  from $25.00 to $23.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an &#34;overweight&#34; rating on the pipeline company's stock. JPMorgan Chase &amp; Co.'s price objective indicates a potential upside of 27.88% from the stock's current price.</p><div><p><span></span><span>Get <strong>Energy Transfer</strong> alerts:</span></p></div><ul><li>Is Energy Transfer Undervalued or a Value Trap?</li></ul><p>Other equities research analysts also recently issued reports about the company. UBS Group  reiterated a &#34;buy&#34; rating on shares of Energy Transfer in a report on Tuesday, March 4th. Wells Fargo &amp; Company dropped their target price on shares of Energy Transfer from $22.00 to $21.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, May 7th. Royal Bank of Canada  restated an &#34;outperform&#34; rating and issued a $23.00 price target on shares of Energy Transfer in a research report on Tuesday, March 25th. Citigroup  reaffirmed a &#34;buy&#34; rating on shares of Energy Transfer in a research report on Monday, March 24th. Finally, Morgan Stanley raised their target price on shares of Energy Transfer from $20.00 to $26.00 and gave the stock an &#34;overweight&#34; rating in a report on Tuesday, March 25th. One research analyst  has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $22.36.</p><p><b>View Our Latest Stock Report on Energy Transfer</b></p><h2>Energy Transfer Stock Up 0.2%</h2><ul><li>Energy Transfer: Tariff-Resistant Midstream Resilience </li></ul><p>NYSE ET traded up $0.04 during mid-day trading on Monday, reaching $17.99. 3,158,282 shares of the company's stock traded hands, compared to its average volume of 15,503,349. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42. Energy Transfer has a 1-year low of $14.60 and a 1-year high of $21.45. The company has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $18.58. The company has a market cap of $61.71 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.64 and a beta of 0.77. </p><p>Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $21.02 billion for the quarter, compared to analysts' expectations of $22.28 billion. Energy Transfer had a net margin of 5.74% and a return on equity of 11.56%. The firm's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share.  As a group, equities research analysts expect that  Energy Transfer will post 1.46 EPS for the current year. </p><h2>Institutional Trading of Energy Transfer</h2><ul><li>Energy Transfer: Powering Data With Dividends and Diversification</li></ul><p>A number of institutional investors have recently made changes to their positions in ET. Mountain Hill Investment Partners Corp. acquired a new stake in shares of  Energy Transfer in the fourth quarter valued at $25,000.  Capital A Wealth Management LLC bought a new position in shares of  Energy Transfer during the 4th quarter valued at about $26,000.  Fourth Dimension Wealth LLC bought a new position in shares of  Energy Transfer during the 4th quarter valued at about $29,000.  Vision Financial Markets LLC acquired a new position in shares of  Energy Transfer in the 1st quarter worth approximately $33,000.  Finally, United Community Bank acquired a new stake in  Energy Transfer during the fourth quarter valued at approximately $35,000. 38.22% of the stock is owned by institutional investors and hedge funds. </p><h2>Energy Transfer Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Energy Transfer</li><li>Why Are Stock Sectors Important to Successful Investing?</li><li>Buffett's Latest Portfolio Moves, and Another Secret Stock</li><li>Best Aerospace Stocks Investing </li><li>NVIDIA’s NVLink Fusion Ups the Ante for AI Infrastructure</li><li>2 Rising CRM Platform Stocks That Can Surge Higher in 2025 </li><li>Why Tesla’s 60% Surge Should Keep Going Into Summer</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Energy Transfer Right Now?</h2><p>Before you consider Energy Transfer, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Energy Transfer wasn't on the list.</p><p>While Energy Transfer currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>JPMorgan Chase & Co. has lowered its price target for Energy Transfer (NYSE:ET) from $25.00 to $23.00 while maintaining an "overweight" rating. This new target suggests a potential upside of 27.88% from the current stock price. Other analysts have varied opinions, with UBS Group reiterating a "buy" rating and Wells Fargo reducing their target to $21.00. Energy Transfer's stock recently traded at $17.99, with a market cap of $61.71 billion and a P/E ratio of 14.05. The company reported $0.36 EPS for the last quarter, exceeding estimates.</p>

Energy Transfer (NYSE:ET) Given New $23.00 Price Target at JPMorgan Chase & Co.