Mizuho Raises PT on Energy Transfer (ET) to $23, Keeps an Outperform Rating

Energy Transfer LP (NYSE:ET) is one of the 11 Best Strong Buy Stocks to Invest in Now. On May 20, Mizuho analyst Gabriel Moreen raised the firm’s price target on Energy Transfer LP (NYSE:ET) to $23 from $22, keeping an Outperform rating on the shares.

Mizuho updated the midstream estimates after fiscal Q1 results. Midstream’s first-quarter results appeared to confirm that the near-term outlook across the group remained almost the same. However, the analyst told investors in a research note that investors will direct their attention on posturing around growth in fiscal 2026 and ahead.

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

Energy Transfer LP (NYSE:ET) reported $1.32 billion in net income attributable to partners for the quarter ending on March 31 compared to $1.24 billion for the same period last year. Net income per common unit for the quarter was $0.37. The company also reported adjusted EBITDA of $4.10 billion compared to $3.88 billion for the three months ended March 31, 2024.