Raymond James Reiterates a Buy Rating on Energy Transfer LP (ET)

Energy Transfer LP (NYSE:ET) is one of the best NYSE stocks to buy under $20. In a report released on August 7, Raymond James reiterated a Buy rating on Energy Transfer LP (NYSE:ET), setting a price target of $24.00.

Why Energy Transfer (ET) is a Strong Buy for Income Investors in 2025

An aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry.

The rating update came after Energy Transfer LP (NYSE:ET) reported its fiscal Q2 2025 results on August 6, with net income attributable to partners reaching $1.16 billion compared to $1.31 billion in 2024. Adjusted EBITDA for the quarter was $3.87 billion, up from $3.76 billion in the same period last year.

Management also reported $1.04 billion in growth capital expenditures in fiscal Q2 2025, while maintenance capital expenditures were $253 million.

Energy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: 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 USAC, and All Other.

While we acknowledge the potential of ET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ET and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.