48,439 Shares in Energy Transfer LP $ET Bought by Elemental Capital Partners LLC

Elemental Capital Partners LLC bought a new stake in Energy Transfer LP (NYSE:ET) during the first quarter, Holdings Channel reports. The firm bought 48,439 shares of the pipeline company’s stock, valued at approximately $935,000. Energy Transfer makes up about 0.4% of Elemental Capital Partners LLC’s portfolio, making the stock its 8th biggest holding.

Several other institutional investors have also recently bought and sold shares of ET. Texas Yale Capital Corp. boosted its holdings in Energy Transfer by 6.1% in the 4th quarter. Texas Yale Capital Corp. now owns 1,311,965 shares of the pipeline company’s stock valued at $21,634,000 after purchasing an additional 75,700 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Energy Transfer by 100.1% during the 4th quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company’s stock worth $2,664,000 after purchasing an additional 80,786 shares during the period. Avior Wealth Management LLC raised its position in shares of Energy Transfer by 436.6% during the fourth quarter. Avior Wealth Management LLC now owns 90,160 shares of the pipeline company’s stock valued at $1,487,000 after buying an additional 73,359 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Energy Transfer by 2.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,898,420 shares of the pipeline company’s stock valued at $375,777,000 after buying an additional 544,944 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in shares of Energy Transfer by 9.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 1,560,110 shares of the pipeline company’s stock valued at $25,726,000 after buying an additional 129,489 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer News Roundup

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

• Positive Sentiment: Energy Transfer and related affiliates announced plans to change their state of formation from Delaware to Texas, a move that could reduce regulatory uncertainty and align the partnership with a more business-friendly jurisdiction. Energy Transfer LP, Sunoco LP, SunocoCorp LLC and USA Compression Partners, LP Announce Redomiciliation to Texas
• Positive Sentiment: The company also announced a major Nederland terminal expansion, adding ethane and LPG export capacity backed by long-term customer commitments into the 2040s, which should support future cash flow growth. Energy Transfer (ET) Expands Nederland Terminal With New Ethane And LPG Capacity
• Neutral Sentiment: Recent commentary continues to frame Energy Transfer as a value and income stock, with some articles arguing the units still look below fair value even after a strong multi-year run. Energy Transfer (ET) Stock Still Looks Below Fair Value After Its 166% Run
• Neutral Sentiment: Analyst-style coverage also highlighted Energy Transfer’s dividend appeal and its role in benefiting from export growth, reinforcing the stock’s income-investment case rather than signaling a major new catalyst. Would You Like $3,000 in Passive Income Each Year? Buy 2,239 Shares of This Top High-Yield Dividend Stock.
• Neutral Sentiment: A market recap noted ET’s shares moved modestly higher, but did not point to a separate company-specific negative development. Energy Transfer LP (ET) Stock Moves 1.47%: What You Should Know

Energy Transfer Price Performance

Shares of Energy Transfer stock opened at $19.32 on Friday. The firm has a market cap of $66.47 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.10 and a beta of 0.55. The firm’s 50-day simple moving average is $19.46 and its 200-day simple moving average is $18.59. Energy Transfer LP has a twelve month low of $16.18 and a twelve month high of $20.70. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period last year, the company earned $0.36 EPS. As a group, research analysts expect that Energy Transfer LP will post 1.43 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th were paid a $0.3375 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.35 annualized dividend and a dividend yield of 7.0%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio is currently 112.50%.

Analysts Set New Price Targets

ET has been the topic of a number of recent research reports. Jefferies Financial Group raised Energy Transfer from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, May 26th. Scotiabank reiterated an “outperform” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price objective on Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, TD Cowen restated a “buy” rating and issued a $23.00 target price (up from $22.00) on shares of Energy Transfer in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $23.45.

About Energy Transfer

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.