Energy Transfer (NYSE:ET) is a prominent player in the energy sector, known for its extensive network of pipelines and energy infrastructure. The company is involved in the transportation and storage of natural gas, crude oil, and other energy products. As of February 25, 2025, Citigroup has maintained a "Buy" rating for ET, with the stock priced at around $18.92, as highlighted by Benzinga.
Since the start of 2023, Energy Transfer has seen its units rise by over 40%, a remarkable achievement for a company with a high-yielding distribution of 6.7%. This growth is significant, especially considering ET's position as the third-best-performing midstream company since early 2023. Despite this, ET trades at the second-lowest valuation among its peers, making it an attractive investment opportunity.
Energy Transfer's financial performance has been robust, with a 13% increase in adjusted EBITDA last year, reaching a record $15.5 billion. This growth was driven by strategic acquisitions, organic expansion projects, and favorable market conditions. Although the company expects a moderation in its EBITDA growth rate, its current valuation and strong performance suggest potential for investors.
Currently, ET's stock price on the NYSE is $18.93, reflecting a slight decrease of $0.04 or approximately -0.21%. The stock has fluctuated between $18.25 and $18.96 today, with a 52-week high of $21.45 and a low of $14.52. Energy Transfer's market capitalization is approximately $64.95 billion, with a trading volume of 22.89 million shares.
