Kayne Anderson Capital Advisors LP Cuts Holdings in Energy Transfer LP $ET

Kayne Anderson Capital Advisors LP lessened its stake in shares of Energy Transfer LP (NYSE:ET) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,166,229 shares of the pipeline company’s stock after selling 416,091 shares during the period. Energy Transfer makes up approximately 9.1% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 3rd largest holding. Kayne Anderson Capital Advisors LP owned approximately 0.70% of Energy Transfer worth $462,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Basepoint Wealth LLC bought a new position in Energy Transfer during the fourth quarter valued at $25,000. Gables Capital Management Inc. lifted its holdings in shares of Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in shares of Energy Transfer in the 4th quarter worth about $32,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Energy Transfer during the 1st quarter worth about $35,000. Finally, Navalign LLC purchased a new position in shares of Energy Transfer during the 4th quarter worth about $37,000. 38.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Energy Transfer

In other news, Director James Richard Perry purchased 12,359 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $20.23 per share, with a total value of $250,022.57. Following the transaction, the director owned 208,046 shares of the company’s stock, valued at $4,208,770.58. This represents a 6.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kelcy L. Warren purchased 647,968 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $21.26 per share, for a total transaction of $13,775,799.68. Following the purchase, the director owned 147,901,879 shares of the company’s stock, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 1,012,359 shares of company stock worth $21,513,543 over the last 90 days. 3.28% of the stock is currently owned by company insiders.

Energy Transfer Stock Performance

NYSE ET opened at $21.18 on Friday. The stock has a market cap of $72.93 billion, a PE ratio of 14.41, a PEG ratio of 0.75 and a beta of 0.55. Energy Transfer LP has a 12 month low of $16.18 and a 12 month high of $21.64. The company’s 50-day moving average price is $19.93 and its 200-day moving average price is $19.41. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45.

Energy Transfer (NYSE:ET) last announced its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. The company had revenue of $34.33 billion during the quarter, compared to analyst estimates of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Equities research analysts forecast 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 was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 6.4%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, August 7th. Energy Transfer’s payout ratio is currently 92.52%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective 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. Barclays restated an “overweight” rating and set a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Wednesday, August 5th. Citigroup reiterated a “buy” rating and issued a $24.00 price target (up from $23.00) on shares of Energy Transfer in a report on Friday, August 7th. Finally, UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Energy Transfer has an average rating of “Moderate Buy” and a consensus target price of $24.08.

Key Headlines Impacting Energy Transfer

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

• Positive Sentiment: Director Kelcy L. Warren purchased a combined 1,000,000 shares of Energy Transfer on August 18 and 19 for approximately $21.3 million. The purchases increased his ownership by roughly 0.68% and bring his holdings to nearly 147.9 million shares, signaling substantial insider confidence. SEC insider ownership filing
• Positive Sentiment: A bullish investment article highlighted Energy Transfer’s 6.3% yield, 32% year-over-year growth in partner-attributable distributable cash flow, 49% first-half conventional free-cash-flow growth and distribution coverage above 2.2 times. The company also raised 2026 EBITDA guidance to $18.8 billion-$19.1 billion, supporting the outlook for income and cash-flow growth. Energy Transfer: Strong Buy With A Path To 7% Yield On Cost
• Positive Sentiment: An analyst upgrade helped propel ET to a new one-year high, reinforcing the recent bullish momentum around the midstream operator. Energy Transfer Reaches New 1-Year High After Analyst Upgrade
• Neutral Sentiment: Commentary remains broadly favorable toward Energy Transfer as a diversified, fee-based pipeline operator with more than 125,000 miles of infrastructure and a substantial contracted project backlog. However, some valuation reviews describe the shares as attractive on traditional multiples but less compelling under broader valuation checks. Energy Transfer Stock Looks Reasonable On Earnings But Stretched On Broader Checks
• Negative Sentiment: Cooler U.S. weather forecasts pressured natural-gas prices by potentially reducing electricity demand for air conditioning. While Energy Transfer’s largely fee-based model limits direct commodity exposure, weaker gas prices can still affect sentiment toward the sector and certain growth opportunities. Cooler US Weather Forecasts Weigh on Nat-Gas Prices

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.