Gateway Wealth Partners LLC Has $1.17 Million Stock Position in Energy Transfer LP $ET

Gateway Wealth Partners LLC lowered its holdings in shares of Energy Transfer LP (NYSE:ET) by 48.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,213 shares of the pipeline company’s stock after selling 58,625 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Energy Transfer were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Basepoint Wealth LLC bought a new stake in Energy Transfer in the fourth quarter worth $25,000. Gables Capital Management Inc. raised its holdings in Energy Transfer by 60.0% during the fourth quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after buying an additional 600 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in Energy Transfer during the first quarter valued at about $35,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Energy Transfer in the fourth quarter worth about $32,000. Finally, Financial Life Planners acquired a new stake in shares of Energy Transfer in the first quarter worth about $40,000. Institutional investors and hedge funds 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: 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 Ratings Changes

A number of research analysts have recently commented on ET shares. Jefferies Financial Group reissued a “buy” rating on shares of Energy Transfer in a report on Wednesday, August 5th. Truist Financial boosted their target price on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen restated a “buy” rating and issued a $25.00 target price (up from $24.00) on shares of Energy Transfer in a report on Monday. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Energy Transfer in a research report on Wednesday, May 6th. Finally, Citigroup reiterated a “buy” rating and set a $24.00 price target (up from $23.00) on shares of Energy Transfer in a report on Friday, August 7th. One investment 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 stock. According to MarketBeat.com, Energy Transfer currently has an average rating of “Moderate Buy” and an average price target of $23.92.

Energy Transfer Stock Performance

Shares of NYSE ET opened at $21.02 on Friday. Energy Transfer LP has a 12 month low of $16.18 and a 12 month high of $21.11. The company has a market cap of $72.39 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.97 and a beta of 0.55. The business’s 50 day moving average is $19.76 and its two-hundred day moving average is $19.32. 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) last posted its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.21. The company 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%.Energy Transfer’s revenue for the quarter was up 78.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, equities analysts expect that Energy Transfer LP will post 1.57 EPS for the current year.

Energy Transfer Increases Dividend

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

Insiders Place Their Bets

In related news, Director James Richard Perry purchased 12,359 shares of Energy Transfer stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $20.23 per share, with a total value of $250,022.57. Following the acquisition, the director directly owned 208,046 shares in the company, valued at approximately $4,208,770.58. This trade represents a 6.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.28% of the stock is currently owned by company insiders.

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.