Main Street Financial Solutions LLC Takes $458,000 Position in Energy Transfer LP $ET

Posted by Geri Gentry on Aug 19th, 2026

Main Street Financial Solutions LLC acquired a new stake in Energy Transfer LP (NYSE:ET – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 23,952 shares of the pipeline company’s stock, valued at approximately $458,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Basepoint Wealth LLC acquired a new position in Energy Transfer during the fourth quarter worth $25,000. Gables Capital Management Inc. lifted its position in shares of Energy Transfer by 60.0% in the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after buying an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Energy Transfer in the fourth quarter worth about $32,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Energy Transfer during the 1st quarter worth about $35,000. Finally, Navalign LLC bought a new stake in shares of Energy Transfer during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Insider Activity at Energy Transfer

In other news, Director James Richard Perry bought 12,359 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the purchase, the director owned 208,046 shares of the company’s stock, valued at $4,208,770.58. This trade represents a 6.32% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen reissued a “buy” rating and issued a $25.00 price objective (up from $24.00) on shares of Energy Transfer in a research note on Monday, August 10th. Citigroup reaffirmed a “buy” rating and set a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research report on Friday, August 7th. JPMorgan Chase & Co. increased their price target on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley lifted their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Zacks Research lowered shares of Energy Transfer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.08.

View Our Latest Stock Report on Energy Transfer

Energy Transfer Stock Up 2.3%

ET stock opened at $21.41 on Wednesday. Energy Transfer LP has a twelve month low of $16.18 and a twelve month high of $21.43. The company has a market cap of $73.74 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.75 and a beta of 0.55. The business’s 50-day simple moving average is $19.84 and its 200 day simple moving average is $19.37. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45.

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

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a dividend of $0.34 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, August 7th. Energy Transfer’s dividend payout ratio (DPR) is presently 92.52%.

Energy Transfer Company Profile

(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.