Inscription Capital LLC trimmed its holdings in shares of Energy Transfer LP (TXSE:ET – Free Report) by 47.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,499 shares of the pipeline company’s stock after selling 36,731 shares during the period. Inscription Capital LLC’s holdings in Energy Transfer were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the stock. Arrow Investment Advisors LLC lifted its stake in shares of Energy Transfer by 4.9% during the second quarter. Arrow Investment Advisors LLC now owns 10,866 shares of the pipeline company’s stock worth $208,000 after purchasing an additional 505 shares in the last quarter. Cypress Capital Management LLC WY raised its holdings in shares of Energy Transfer by 3.9% during the 2nd quarter. Cypress Capital Management LLC WY now owns 13,439 shares of the pipeline company’s stock valued at $257,000 after buying an additional 509 shares during the period. Argent Trust Co lifted its position in Energy Transfer by 2.1% during the 2nd quarter. Argent Trust Co now owns 26,035 shares of the pipeline company’s stock worth $498,000 after acquiring an additional 529 shares in the last quarter. State of Wyoming boosted its holdings in Energy Transfer by 2.5% in the 2nd quarter. State of Wyoming now owns 22,822 shares of the pipeline company’s stock worth $436,000 after acquiring an additional 548 shares during the period. Finally, Cascade Financial Partners LLC boosted its holdings in Energy Transfer by 0.8% in the 2nd quarter. Cascade Financial Partners LLC now owns 72,645 shares of the pipeline company’s stock worth $1,389,000 after acquiring an additional 560 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Energy Transfer
In other news, Director Kelcy Warren bought 647,968 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the transaction, the director directly owned 147,901,879 shares in the company, valued at approximately $3,144,393,947.54. The trade was a 0.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is currently owned by insiders.
Energy Transfer Price Performance
The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. The company has a market capitalization of $65.15 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.73 and a beta of 0.62. The company has a fifty day moving average price of $20.60 and a 200-day moving average price of $19.70. Energy Transfer LP has a fifty-two week low of $16.18 and a fifty-two week high of $21.84.
Energy Transfer (TXSE:ET – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The pipeline company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The company had revenue of $37.10 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.73 earnings per share for the current year.
Energy Transfer Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.3425 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.37 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, November 6th. Energy Transfer’s payout ratio is currently 90.13%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ET shares. Barclays reiterated an “overweight” rating and set a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research note on Wednesday, August 5th. Truist Financial upped their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Mizuho set a $26.00 price target on shares of Energy Transfer in a report on Tuesday, October 13th. Citigroup lifted their price target on shares of Energy Transfer from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Melius Research assumed coverage on shares of Energy Transfer in a report on Tuesday, September 22nd. They issued a “hold” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.80.
Read Our Latest Research Report on Energy Transfer
Energy Transfer News Summary
Here are the key news stories impacting Energy Transfer this week:
- Positive Sentiment: Citigroup raised its price target to $25 from $24 and maintained a Buy rating, implying substantial upside from the reported $18.92 share price. Citigroup rating
- Positive Sentiment: Recent analysis highlighted stronger Q3 operating performance, including EBITDA growth, record volumes, and raised full-year EBITDA guidance of $19.7–$19.9 billion. The company’s pipeline projects and fee-based growth plans could add to future earnings. Q3 results and outlook
- Positive Sentiment: Energy Transfer reached a final investment decision on a $1.6 billion South Mississippi pipeline, a long-term infrastructure project that may expand its growth opportunities. South Mississippi pipeline
- Neutral Sentiment: The partnership priced $2.7 billion of senior notes, with maturities from 2032 to 2057 and coupons of 5.45% to 6.55%. The proceeds can support financing needs, but the borrowing adds long-term interest obligations. Senior notes offering
- Negative Sentiment: Despite strong operating metrics, Energy Transfer missed analysts’ Q3 EPS estimate, a potential concern for investors focused on per-share results. Broader market volatility and interest-rate uncertainty may also pressure sentiment. Analysis of earnings miss
About Energy Transfer
Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.
The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.
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