Stock Price & Analysis

Based on the provided data and recent market activity, here's a comprehensive analysis of ET stock:

Technical Analysis

The stock shows a strong upward trend since January 2024, with the price rising from around $13 to current levels near $14. Recent price action shows:

• Formation of higher lows and higher highs
• Strong volume support during price increases
• Currently trading above key moving averages

Fundamental Strengths

According to recent analyst reports:

• Strong positioning in Permian Basin with integrated midstream system
• Plans to increase capital expenditure to $5 billion in 2025 from $3 billion last year
• New growth opportunities from AI and natural gas exports
• Attractive distribution yield of 6.5%
• Coverage ratio of 1.8x for distributions, indicating strong cash flow generation

Valuation Metrics

The stock currently trades at:

• EV/EBITDA multiple of 8.5x based on 2025 estimates
• Trading at a discount compared to historical valuation (pre-pandemic EV/EBITDA >15x)
• Lower valuation compared to industry peers

Growth Catalysts

• Significant growth projects including Hugh Brinson Pipeline
• Strong demand from data centers (70+ potential connections across 12 states)
• Increasing power plant service opportunities (60+ new plants across 13 states)
• Expected mid-teens returns on growth projects

Recommendation

Based on the technical momentum, strong fundamentals, and attractive valuation, ET stock appears to be a BUY at current levels. The combination of growth initiatives and stable cash flows supports continued price appreciation.

Based on the provided data and recent developments, here's a comprehensive price prediction analysis for Energy Transfer (ET) in 2025:

Technical Analysis

The current technical indicators show:

• RSI (14) at 41.10 indicates neutral territory
• MACD showing bearish divergence with -0.03
• Stock trading below its upper Bollinger Band (21.64), suggesting potential upside room
• Current price at $19.46 is below SMA-20 of $20.25, indicating short-term weakness

Fundamental Growth Catalysts

According to recent reports, several key factors support a bullish case for ET in 2025:

1. Record-Breaking 2024 Performance:

• Adjusted EBITDA hit record $15.5 billion
• Distributable cash flow reached $8.4 billion
• Set volume records across multiple product categories

2. 2025 Growth Initiatives:

• Planned $5 billion investment in expansion projects
• Major projects coming online including:
  • Badger processing plant (mid-2025)
  • Red Lake IV processing plant (Q3 2025)
  • Nederland Flexport NGL expansion (mid and Q4 2025)

3. 2026 Growth Acceleration:

• Hugh Brinson Pipeline completion ($2.7 billion project)
• Multiple NGL expansion projects
• Growing AI data center opportunities (62 potential power plant connections)

Price Target Analysis

Based on the data and analyst views, price predictions for 2025:

Bullish Case ($23-24):

• Supported by RBC Capital's $23 target and JPMorgan's $24 target
• Probability: 40%
• Drivers: Successful project execution and AI data center growth

Base Case ($20-22):

• Aligned with current analyst consensus of $22.33
• Probability: 45%
• Drivers: Normal project progression and stable market conditions

Bearish Case ($18-19):

• Probability: 15%
• Drivers: Project delays or broader market weakness

Most Likely Scenario: Base case with price reaching $21-22 by end of 2025, supported by:

• Strong project execution pipeline
• Continued distribution growth (3-5% annually)
• Robust demand for natural gas infrastructure

The S1 support level for ET Stock is $18.62 ,The R1 resistant level for ET Stock is $20.35.

As of the end of day on 2025-02-26, the price of ET Stock was $19.03.

The target price for ET Stock according to analyst rating is 23.00, with the highest price target at 25.00 and the lowest at 20.00. Analysts have a Strong Buy rating on ET Stock overall.

The market cap of ET is $64.9B.

Based on the provided data and recent market analysis, here's a comprehensive evaluation of ET's valuation:

Technical Analysis

The stock is currently showing signs of consolidation after a recent uptrend. Key technical indicators suggest:

• RSI (14) at 41.10 indicates neutral momentum
• MACD showing bearish divergence with -0.03 and histogram at -0.12
• Trading above major moving averages (SMA200: $16.93, SMA50: $19.70)
• Currently near Fibonacci support level of $19.41

Valuation Metrics

Current valuation metrics indicate ET is reasonably priced:

• Forward P/E: 10.78x
• EV/EBITDA: 8.68x (2023/FY)
• Price/Book: 1.54x (2023/FY)
• Price/Sales: 0.56x (2023/FY)

Growth & Income Analysis

The company demonstrates strong fundamentals:

• Dividend yield: 6.50%
• 13-year dividend growth streak
• Expected 2025 adjusted EBITDA: $16.1-16.5 billion
• Planned growth capital expenditure for 2025: ~$5.0 billion

Recent Developments

Energy Transfer has strengthened its position through strategic acquisitions:

• Lotus Midstream (May 2023)
• Crestwood Equity Partners (November 2023)
• WTG Midstream (July 2024)

Analyst Sentiment

• RBC Capital maintains a Buy rating with a $23 price target
• Strong Buy consensus among analysts with average price target of $22.33
• JPMorgan recently raised price target to $24 from $23

Conclusion

ET appears undervalued at current levels based on:

1. Strong fundamental metrics and growth prospects
2. Consistent dividend growth history
3. Strategic acquisitions enhancing market position
4. Positive analyst sentiment with upside potential

The stock's current technical setup suggests a potential buying opportunity near the Fibonacci support level of $19.41, with a medium-term price target of $22.33-24.00 based on analyst consensus.

Energy Transfer LP owns and operates diversified portfolios of energy assets in the United States. The Company is engaged in natural gas operations such as natural gas midstream and intrastate transportation and storage, and interstate natural gas transportation and storage. It also engaged in crude oil, natural gas liquids (NGL) and refined products transportation, terminalling and acquisition and marketing activities as well as NGL storage and fractionation services. The Company’s segments include intrastate transportation and storage; interstate transportation and storage; midstream; NGL and refined products transportation and services; crude oil transportation and services; investment in Sunoco LP; investment in USA Compression Partners, LP (USAC), and all other. It has approximately 125,000 miles of pipeline and associated energy infrastructure. The Company owns and operates approximately 12,200 miles of intrastate natural gas transportation pipelines.

Based on the available data and market analysis, here is the price prediction for Energy Transfer (ET) by 2030:

Energy Transfer's stock price is projected to reach $32-35 by 2030, driven by three key factors:

1. Strong Infrastructure Growth: The company is significantly increasing its capital expenditure to $5 billion in 2025 from $3 billion in 2024, focusing on expanding its Permian Basin infrastructure and data center connections, which should drive mid-teens returns on these growth projects.

2. Data Center Opportunity: ET has signed its first agreement to directly provide natural gas to data centers and has received requests to connect to about 70 data centers across 12 states, representing a major growth catalyst for the next 5 years.

3. Distribution Growth: The company maintains a sustainable 6.5% dividend yield with projected 3-5% annual distribution growth, supported by strong distributable cash flow coverage ratio of 1.8x.

The prediction considers ET's current EV/EBITDA multiple of 8.5x, which is significantly below its historical pre-pandemic multiple of 15x, suggesting potential for multiple expansion as the company executes its growth strategy.

ET has a total of 13786 employees.