Energy Transfer LP (NYSE:ET) is included among the Top 12 Undervalued Dividend 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 May 13, BofA bumped up its price target on Energy Transfer LP (NYSE:ET) from $22 to $24, while maintaining a ‘Buy’ rating on the shares. The firm cited improving NGL and gas upside for the target boost, which represents an upside of over 19% from the current price levels. The move comes despite Energy Transfer LP (NYSE:ET) reporting mixed results for its Q1 2026 on May 5.
The company’s adjusted profit of $0.35 per share fell behind estimates by $0.02, but its revenue grew by over 32% YoY to $27.8 billion and exceeded expectations by $470 million. Moreover, the midstream operator’s adjusted EBITDA for the quarter came in at $4.94 billion, compared to $4.10 billion in the same period last year. Energy Transfer LP (NYSE:ET) also raised its guidance for FY 2026.