ZEGA Investments LLC Makes New Investment in Energy Transfer LP $ET

ZEGA Investments LLC bought a new position in shares of Energy Transfer LP (NYSE:ET) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,165 shares of the pipeline company’s stock, valued at approximately $926,000.

Several other institutional investors have also modified their holdings of ET. CIBC Bancorp USA Inc. bought a new position in shares of Energy Transfer during the third quarter worth about $264,309,000. Alps Advisors Inc. grew its position in shares of Energy Transfer by 4.5% during the third quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock worth $1,332,492,000 after acquiring an additional 3,366,734 shares during the last quarter. Invesco Ltd. grew its position in shares of Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after acquiring an additional 1,773,042 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Energy Transfer by 187.1% during the fourth quarter. SG Americas Securities LLC now owns 1,940,500 shares of the pipeline company’s stock worth $31,999,000 after acquiring an additional 1,264,627 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Energy Transfer by 223.7% during the second quarter. Corient Private Wealth LLC now owns 1,690,769 shares of the pipeline company’s stock worth $30,654,000 after acquiring an additional 1,168,438 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Key Stories Impacting Energy Transfer

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

• Positive Sentiment: Near‑term demand boost and dividend focus — Seeking Alpha argues Energy Transfer benefits from Iran conflict disruptions (higher U.S. NGL export demand and transport volumes) while its fee‑based business model and expansion projects underpin dividend growth and steady cash flow. Seeking Alpha: Energy Transfer: Energy Price Fluctuations Are Noisy, Dividend Is The Signal
• Positive Sentiment: Buying case highlighted — The Motley Fool notes the stock trading under $20 may be a time to buy given existing large deals and pipeline of projects that could drive cash flow and support the payout. The Fool: The Clock May Be Ticking on Energy Transfer Stock Trading Under $20
• Positive Sentiment: Income investor interest — Articles rounding up high‑yield dividend ideas (Barchart, 247WallSt) repeatedly include ET as a yield play, which can support demand from income-focused funds and retail buyers. Barchart: 3 Dividend Stocks Yielding Over 7% 247WallSt: The $40,000 Dividend Raise Hiding in These Four Tickers
• Neutral Sentiment: Trending attention but no new catalyst — Zacks/Yahoo pieces note the stock is trending among readers and recap fundamentals (yield, growth outlook) without adding fresh company‑specific news; useful for sentiment gauge but not a standalone catalyst. Zacks: Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock Yahoo: Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock
• Neutral Sentiment: Ticker confusion risk — A recent Yahoo item about Evertz Technologies (TSX:ET) is unrelated but can create ticker confusion among scanners; not relevant to Energy Transfer’s fundamentals. Yahoo: How The Evertz Technologies (TSX:ET) Investment Story Is Shifting
• Negative Sentiment: Mixed fundamentals weigh — ET’s most recent quarter showed a revenue beat but an EPS miss, and trading volume today is below average; that mixed earnings signal plus modest volatility can keep the stock from rallying despite yield appeal. (Background quarterly results and valuation metrics referenced.)

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of Energy Transfer in a research report on Wednesday, February 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Energy Transfer in a research report on Wednesday, December 24th. TD Cowen upped their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wells Fargo & Company upped their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. Finally, Barclays restated an “overweight” rating and set a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Energy Transfer Stock Performance

Shares of ET opened at $18.85 on Friday. The firm has a 50-day moving average price of $18.85 and a 200 day moving average price of $17.58. The firm has a market capitalization of $64.83 billion, a PE ratio of 15.57, a P/E/G ratio of 1.05 and a beta of 0.62. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. Energy Transfer LP has a 52-week low of $15.80 and a 52-week high of $19.85.

Energy Transfer (NYSE:ET) last announced its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The company had revenue of $25.32 billion during the quarter, compared to the consensus estimate of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. On average, sell-side analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were given a $0.335 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.34 dividend on an annualized basis and a yield of 7.1%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. Energy Transfer’s payout ratio is currently 110.74%.

Energy Transfer Company Profile

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.