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Investing.com - Scotiabank initiated coverage on Energy Transfer (NYSE:ET) with a Sector Outperform rating and a price target of $23.00, according to a research note released Wednesday. The company, which boasts a market capitalization of $61 billion, has maintained dividend payments for 20 consecutive years and currently offers an attractive 7.45% dividend yield.
The bank cited Energy Transfer’s large, integrated asset base that spans the entire midstream value chain in what it describes as a "true wellhead-to-water portfolio."
Scotiabank highlighted the company’s diversified exposure to all major hydrocarbon streams, creating what it views as a more resilient earnings base across the Lower 48 states.
The $23.00 price target represents approximately 31% upside potential from Energy Transfer’s closing price on August 27, 2025.
The research firm expects persistent earnings growth for Energy Transfer , driven by both near-term catalysts and future demand-pull sources across its operations.
In other recent news, Energy Transfer reported its Q2 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue compared to analyst expectations. The company posted an EPS of $0.32, falling short of the $0.34 forecast. Revenue reached $19.24 billion, below the anticipated $21.97 billion. Despite these misses, the company remained stable in the market. These developments come amidst a backdrop of various factors influencing the energy sector. The earnings results are a key focus for investors as they assess the company’s financial performance. Analyst firms have not made any recent upgrades or downgrades following the earnings release. The company’s performance will continue to be monitored closely by stakeholders.
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