Energy Transfer LP $ET Shares Acquired by SCS Capital Management LLC

SCS Capital Management LLC boosted its position in Energy Transfer LP (NYSE:ET) by 1,859.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,942,908 shares of the pipeline company’s stock after purchasing an additional 1,843,771 shares during the period. Energy Transfer comprises 0.4% of SCS Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. SCS Capital Management LLC’s holdings in Energy Transfer were worth $37,148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ET. Texas Yale Capital Corp. grew its holdings in Energy Transfer by 6.1% in the fourth 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 last quarter. North Star Investment Management Corp. raised its stake 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 buying an additional 80,786 shares during the last quarter. Summit Securities Group LLC raised its stake in shares of Energy Transfer by 179.0% during the 1st quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company’s stock worth $3,129,000 after buying an additional 104,000 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Energy Transfer in the 1st quarter worth about $61,760,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Energy Transfer by 15.8% in the 1st quarter. Sanctuary Advisors LLC now owns 1,888,661 shares of the pipeline company’s stock worth $36,451,000 after buying an additional 257,954 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Energy Transfer

In other news, Director James Richard Perry purchased 12,359 shares of the stock in a transaction dated 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 acquisition, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This represents a 6.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.28% of the stock is currently owned by company insiders.

Trending Headlines about Energy Transfer

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

• Positive Sentiment: Income appeal remains a key support. An investor analysis argues that Energy Transfer’s distribution yield, now near 6.5%, remains attractive and that the payout appears dependable, reinforcing ET’s appeal as a high-income midstream investment. Energy Transfer’s Yield Just Climbed Near 6.5%. Here’s Why I’m Not Worried About the Payout.
• Positive Sentiment: AI-related power demand could create growth opportunities. Alpha Wealth Funds highlighted ET’s positioning to benefit from the expected surge in electricity consumption from artificial-intelligence infrastructure, potentially increasing demand for natural gas and related energy services. Energy Transfer Positions to Capitalize on the AI Power Surge
• Positive Sentiment: Analyst and insider signals are favorable. Truist Financial forecast strong potential price appreciation, while separate coverage said ET shares benefited from insider buying activity. These signals may strengthen investor confidence, although they do not guarantee future performance. Truist Financial Forecasts Strong Price Appreciation for Energy Transfer Stock Energy Transfer Stock Price Up on Insider Buying Activity
• Neutral Sentiment: Natural-gas prices moved higher. Warmer-weather forecasts helped lift natural-gas prices, which could improve industry sentiment. However, ET’s diversified, largely fee-based midstream model may limit the direct effect of commodity-price changes. Nat-Gas Prices Close Higher on Warm Forecasts
• Negative Sentiment: Zacks downgraded ET from “strong buy” to “hold.” The rating change is a modest headwind and may encourage some investors to take profits after the stock’s recent momentum. Zacks.com

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ET. Weiss Ratings raised shares of Energy Transfer from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 price target (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. Morgan Stanley increased their price target on shares of Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Energy Transfer in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and an average target price of $23.92.

Energy Transfer Stock Up 1.3%

ET opened at $21.02 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. The firm has a market cap of $72.39 billion, a P/E ratio of 14.30, a PEG ratio of 2.00 and a beta of 0.55. Energy Transfer LP has a 52 week low of $16.18 and a 52 week high of $21.11. The business’s fifty day simple moving average is $19.76 and its 200 day simple moving average is $19.32.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.21. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%.The firm had revenue of $34.33 billion during the quarter, compared to analysts’ expectations of $27.71 billion. During the same quarter last year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 78.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Energy Transfer LP will post 1.63 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 annualized dividend and a dividend yield of 6.5%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio is 92.52%.

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.