Jeffries Analyst Initiates Coverage on Energy Transfer (ET)

Energy Transfer LP (NYSE:ET) is included among the 11 Best High Yield Energy Stocks to Buy Now.

Energy Transfer LP (NYSE:ET) is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint in all of the major US production basins.

On October 29, Jefferies analyst Julien Dumoulin-Smith initiated coverage of Energy Transfer LP (NYSE:ET) with a ‘Hold’ rating and a price target of $17. The analyst explains that the rating is driven by a lack of absolute growth in natural gas, headwinds facing the natural gas liquids business amid a weaker oil macro and increasing competition in the Permian, and an absence of positive catalysts that could drive an upward re-rating.

Energy Transfer LP (NYSE:ET) distributed $2.3 billion to its investors in the first half of 2025 and boasts an impressive annual dividend yield of 7.9% as of the writing of this piece. On October 28, the company grew its quarterly dividend by 0.7% to $0.3325 per share, marking its 16th consecutive quarter of dividend increase.

With an upside potential of over 33% as of the writing of this piece, Energy Transfer LP (NYSE:ET) is included among the 12 Most Promising Dividend Stocks According to Wall Street Analysts.

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Disclosure: None.