Energy Transfer LP $ET Shares Sold by Encore Global Management LP

Posted by Francis Steltz on Aug 22nd, 2026

Encore Global Management LP decreased its stake in Energy Transfer LP (NYSE:ET – Free Report) by 18.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,000 shares of the pipeline company’s stock after selling 35,000 shares during the quarter. Energy Transfer accounts for about 2.9% of Encore Global Management LP’s investment portfolio, making the stock its 16th largest holding. Encore Global Management LP’s holdings in Energy Transfer were worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley increased its position in shares of Energy Transfer by 41.6% in the fourth quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after acquiring an additional 25,366,594 shares in the last quarter. Alps Advisors Inc. boosted its stake in Energy Transfer by 8.0% in the 4th quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock worth $1,382,573,000 after purchasing an additional 6,192,066 shares during the period. Invesco Ltd. boosted its stake in Energy Transfer by 3.2% in the 3rd quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after purchasing an additional 1,773,042 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in Energy Transfer by 0.3% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 38,675,828 shares of the pipeline company’s stock worth $637,764,000 after purchasing an additional 103,245 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Energy Transfer by 5.7% during the 1st quarter. Bank of America Corp DE now owns 30,956,358 shares of the pipeline company’s stock worth $597,458,000 after purchasing an additional 1,656,609 shares in the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insider Buying and Selling at Energy Transfer

In related news, Director James Richard Perry acquired 12,359 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the transaction, the director owned 208,046 shares of the company’s stock, valued at $4,208,770.58. The trade was a 6.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kelcy L. Warren bought 647,968 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the transaction, the director owned 147,901,879 shares of the company’s stock, valued at $3,144,393,947.54. The trade was a 0.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 1,012,359 shares of company stock worth $21,513,543 in the last 90 days. Company insiders own 3.28% of the company’s stock.

Energy Transfer Stock Down 0.0%

NYSE ET opened at $21.20 on Friday. The firm has a 50-day simple moving average of $19.98 and a 200 day simple moving average of $19.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. Energy Transfer LP has a twelve month low of $16.18 and a twelve month high of $21.64. The stock has a market cap of $73.00 billion, a PE ratio of 14.42, a PEG ratio of 0.75 and a beta of 0.55.

Energy Transfer (NYSE:ET – Get Free Report) last posted its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business had revenue of $34.33 billion for the quarter, compared to analysts’ expectations of $27.71 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. On average, research analysts forecast that Energy Transfer LP will post 1.63 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a yield of 6.4%. Energy Transfer’s dividend payout ratio is currently 92.52%.

Analyst Ratings Changes

ET has been the subject of a number of research reports. Barclays restated an “overweight” rating and set a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research report on Wednesday, August 5th. TD Cowen reissued a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Energy Transfer in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Energy Transfer from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Energy Transfer from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Energy Transfer has an average rating of “Moderate Buy” and an average price target of $24.08.

View Our Latest Stock Analysis on ET

Trending Headlines about Energy Transfer

Here are the key news stories impacting Energy Transfer this week:

Positive Sentiment: Co-founder and director Kelcy Warren bought a combined 1 million ET shares on August 18 and 19 for approximately $21.3 million. The purchases, made near the partnership’s 52-week high, increased his ownership to nearly 147.9 million shares and signal confidence in Energy Transfer’s outlook. Energy Transfer Co-Founder’s $15 Million Bet Near a 52-Week High Sends a Bullish Message
Positive Sentiment: US Capital Advisors raised its EPS forecasts for multiple quarters through 2028, including FY2027 EPS to $1.59 from $1.45 and FY2028 EPS to $1.62 from $1.48. The revisions reinforce expectations for continued earnings growth. Energy Transfer analyst estimates
Positive Sentiment: Recent coverage highlighted record second-quarter volumes, strong U.S. hydrocarbon export demand and Energy Transfer’s fee-based, contracted infrastructure. These characteristics reduce direct sensitivity to commodity prices and provide visibility for future distributions and growth projects. Energy Transfer: A 6.4% Yield Backed By The AI Power Boom
Positive Sentiment: Energy Transfer’s second-quarter performance included a 32% increase in partner-attributable distributable cash flow, 49% growth in first-half conventional free cash flow and distribution coverage above 2.2 times. Raised 2026 EBITDA guidance of $18.8 billion-$19.1 billion further supports the income-investment case. Energy Transfer: Strong Buy With A Path To 7% Yield On Cost
Neutral Sentiment: ET’s recent move to a new one-year high and analyst price-target increases reflect strong momentum, but the stock’s proximity to that high may limit near-term upside and raise valuation sensitivity. Energy Transfer Reaches New 1-Year High After Analyst Upgrade
Negative Sentiment: Cooler U.S. weather forecasts have pressured natural-gas prices by potentially reducing power demand. Energy Transfer’s fee-based model cushions the impact, but weaker commodity prices could weigh on broader midstream-sector sentiment. Cooler US Weather Forecasts Weigh on Nat-Gas Prices

About Energy Transfer

(Free Report)

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.