Carret Asset Management LLC Makes New $624,000 Investment in Energy Transfer LP $ET

Carret Asset Management LLC acquired a new position in shares of Energy Transfer LP (NYSE:ET) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 32,625 shares of the pipeline company’s stock, valued at approximately $624,000.

Other large investors have also recently made changes to their positions in the company. Texas Yale Capital Corp. raised its position in Energy Transfer by 6.1% during the 4th quarter. Texas Yale Capital Corp. now owns 1,311,965 shares of the pipeline company’s stock worth $21,634,000 after buying an additional 75,700 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Energy Transfer by 100.1% in the 4th quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company’s stock valued at $2,664,000 after acquiring an additional 80,786 shares during the last quarter. Summit Securities Group LLC boosted its holdings in shares of Energy Transfer by 179.0% in the 1st quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company’s stock valued at $3,129,000 after acquiring an additional 104,000 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Energy Transfer in the first quarter worth $61,760,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Energy Transfer by 15.8% in the first quarter. Sanctuary Advisors LLC now owns 1,888,661 shares of the pipeline company’s stock worth $36,451,000 after acquiring an additional 257,954 shares during the period. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

NYSE:ET opened at $21.02 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 0.94. The firm has a market cap of $72.39 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.55. The company has a 50 day moving average price of $19.76 and a 200-day moving average price of $19.32. Energy Transfer LP has a 1-year low of $16.18 and a 1-year high of $21.11.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.21. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The firm had revenue of $34.33 billion during the quarter, compared to analysts’ expectations of $27.71 billion. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue was up 78.4% compared to the same quarter last year. Equities research analysts forecast that Energy Transfer LP will post 1.57 EPS for the current year.

Energy Transfer Increases Dividend

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

Insider Buying and Selling at Energy Transfer

In other news, Director James Richard Perry acquired 12,359 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the transaction, the director owned 208,046 shares in the company, valued at approximately $4,208,770.58. The trade was a 6.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.28% of the company’s stock.

More Energy Transfer News

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

Analysts Set New Price Targets

ET has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Wednesday, August 5th. Scotiabank reaffirmed an “outperform” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Stifel Nicolaus lifted their price objective on Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.92.

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.