Scotiabank Remains a Buy on Energy Transfer (ET)

Scotiabank analyst Brandon Bingham maintained a Buy rating on Energy Transfer today and set a price target of $22.00.

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Bingham covers the Energy sector, focusing on stocks such as Enterprise Products Partners, Energy Transfer, and Kinder Morgan. According to TipRanks, Bingham has an average return of 10.0% and a 79.25% success rate on recommended stocks.

In addition to Scotiabank, Energy Transfer also received a Buy from Barclays’s Theresa Chen in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Energy Transfer (NYSE: ET).

Based on Energy Transfer’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $19.95 billion and a net profit of $1.02 billion. In comparison, last year the company earned a revenue of $20.77 billion and had a net profit of $1.18 billion

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ET in relation to earlier this year. Most recently, in November 2025, Kelcy Warren, a Director at ET bought 2,000,000.00 shares for a total of $33,760,000.00.