Morgan Stanley has downgraded Energy Transfer LP (ET) to Equal-Weight from Overweight, effective December 17, 2025. The current share price stands at $16.32.
This downgrade suggests increased caution regarding Energy Transfer's outlook, possibly reflecting concerns over competitive pressures and market conditions that may impact the company's performance.
Energy Transfer, headquartered in Dallas, Texas, specializes in natural gas pipeline transportation and transmission services. The company operates a strategic network spanning 44 states and employs 16,248 full-time workers. Its core operations include midstream transportation and storage of natural gas, crude oil, and refined products.
The company's financial snapshot shows a market cap of $56.3 billion, a P/E ratio of 12.28, and a dividend yield of 732.0%. Upcoming earnings are expected on August 4, 2026, with an estimated EPS of $0.39 and revenue of $25.1 billion.
Analyst ratings can change as new information emerges. Currently, the consensus among analysts remains a Buy, with 11 Strong Buy and 14 Buy ratings out of 28 total ratings.
Such decisions reflect the complexities of market dynamics and the need for investors to consider multiple factors, including company fundamentals and industry trends, when making investment choices.