- Energy Transfer (ET, Financial) increases its quarterly dividend to $0.3275 per share, offering a forward yield of 7.66%.
- Analysts project an average price target of $23.23, indicating a potential upside of 35.84%.
- GuruFocus estimates a one-year GF Value of $13.25, suggesting a possible downside of 22.51%.
Energy Transfer (ET) has made an enticing move for income-focused investors by raising its quarterly dividend to $0.3275 per share, an increase of 0.8% from the previous $0.3250. With this adjustment, the forward yield now stands at an attractive 7.66%. Shareholders on record by May 9 will receive this dividend payout on May 20, aligning with the ex-dividend date of May 9.
Analyst Price Targets and Recommendations
In evaluating Energy Transfer LP (ET, Financial), a collective of 15 analysts has projected a one-year average price target of $23.23. This figure is framed by a high estimate of $26.00 and a low of $20.00. With the current stock price at $17.10, the average target represents a promising upside of 35.84%. For those seeking a deeper understanding of these projections, additional information is accessible on the Energy Transfer LP (ET) Forecast page.
The consensus recommendation from 17 brokerage firms assigns Energy Transfer LP (ET, Financial) a favorable average brokerage recommendation of 1.6, signifying an "Outperform" status on a scale where 1 indicates a Strong Buy and 5 a Sell.
GF Value Considerations
According to GuruFocus's proprietary metrics, the estimated GF Value for Energy Transfer LP (ET, Financial) over the next year stands at $13.25. This suggests a potential downside of 22.51% from its current price of $17.10. The GF Value reflects GuruFocus's calculated fair value, considering historical multiples, past business growth, and future performance estimates. Investors can explore more detailed data on the Energy Transfer LP (ET) Summary page.
Overall, while Energy Transfer offers an alluring dividend yield and positive analyst sentiment, the disparity between price targets and GF Value underscores the importance of a comprehensive assessment before making investment decisions.
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