- Seeking Alpha downgrades Energy Transfer (ET) to hold, projecting high single-digit total returns from a 6–7% yield and modest 2% annualized appreciation.
- The author cites 140,000 miles of pipeline and consensus estimates rising from $9.4B (2025) to $14B (2030) as drivers of operating income growth.
- The author says Energy Transfer's valuation remains historically discounted due to higher leverage, a complex tax structure, and persistent share dilution.
- Simply Wall St reports a planned US$2.63b acquisition of Vaquero Midstream that adds natural gas gathering and processing capacity.
- Simply Wall St puts Energy Transfer at about 14.1x earnings and calls the shares undervalued against its fair P/E model.
Quotes
“I downgrade ET to hold”