Energy Transfer LP $ET Stock: Confluence Wealth Services Inc. Trims Stake

Posted by Francis Steltz on Nov 11th, 2026

Confluence Wealth Services Inc. trimmed its holdings in Energy Transfer LP (TXSE:ET – Free Report) by 11.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 225,498 shares of the pipeline company’s stock after selling 28,445 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Energy Transfer were worth $4,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Arrow Investment Advisors LLC grew its stake in shares of Energy Transfer by 4.9% in the second quarter. Arrow Investment Advisors LLC now owns 10,866 shares of the pipeline company’s stock worth $208,000 after acquiring an additional 505 shares during the period. Cypress Capital Management LLC WY lifted its position in Energy Transfer by 3.9% during the second quarter. Cypress Capital Management LLC WY now owns 13,439 shares of the pipeline company’s stock valued at $257,000 after purchasing an additional 509 shares during the period. Argent Trust Co boosted its holdings in Energy Transfer by 2.1% in the second quarter. Argent Trust Co now owns 26,035 shares of the pipeline company’s stock worth $498,000 after purchasing an additional 529 shares during the last quarter. State of Wyoming boosted its holdings in Energy Transfer by 2.5% in the second quarter. State of Wyoming now owns 22,822 shares of the pipeline company’s stock worth $436,000 after purchasing an additional 548 shares during the last quarter. Finally, Platform Technology Partners boosted its holdings in Energy Transfer by 0.8% in the third quarter. Platform Technology Partners now owns 70,225 shares of the pipeline company’s stock worth $1,388,000 after purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insider Activity at Energy Transfer

In related news, Director Kelcy Warren bought 647,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the acquisition, the director owned 147,901,879 shares in the company, valued at $3,144,393,947.54. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.28% of the stock is owned by company insiders.

Energy Transfer Stock Performance

Shares of TXSE ET opened at $19.43 on Wednesday. The firm has a 50 day moving average of $20.52 and a 200 day moving average of $19.72. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $66.90 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.73 and a beta of 0.62. Energy Transfer LP has a 12-month low of $16.18 and a 12-month 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 analysts’ consensus estimates of $0.40 by ($0.07). Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business 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 posted $0.28 earnings per share. On average, research analysts anticipate that Energy Transfer LP will post 1.73 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Friday, November 6th will be paid a $0.3425 dividend. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. This represents a $1.37 annualized dividend and a dividend yield of 7.1%. Energy Transfer’s dividend payout ratio (DPR) is currently 90.13%.

Analyst Ratings Changes

A number of equities research analysts have commented on ET shares. Capital One Financial started coverage on shares of Energy Transfer in a research report on Tuesday, September 22nd. They issued an “overweight” rating and a $26.00 target price for the company. Zacks Research cut Energy Transfer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Citigroup raised their price target on Energy Transfer from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Jefferies Financial Group restated a “buy” rating and issued a $25.00 price target on shares of Energy Transfer in a research note on Wednesday, November 4th. Finally, Weiss Ratings raised Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Energy Transfer currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.73.

Read Our Latest Analysis on Energy Transfer

Energy Transfer Profile

(Free Report)

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.