329,446 Energy Transfer LP $ET Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in shares of Energy Transfer LP (TXSE:ET) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,669,929 shares of the pipeline company’s stock after selling 329,446 shares during the quarter. Energy Transfer makes up approximately 0.8% of Maryland State Retirement & Pension System’s holdings, making the stock its 22nd biggest holding. Maryland State Retirement & Pension System owned 0.08% of Energy Transfer worth $52,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ET. Sanctuary Advisors LLC grew its stake in Energy Transfer by 15.8% during 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 during the last quarter. Mizuho Markets Americas LLC bought a new stake in Energy Transfer in the first quarter valued at $61,760,000. Independent Financial Group LLC bought a new stake in Energy Transfer in the first quarter valued at $2,170,000. Envestnet Asset Management Inc. boosted its holdings in shares of Energy Transfer by 8.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,244,157 shares of the pipeline company’s stock valued at $23,788,000 after acquiring an additional 98,624 shares during the period. Finally, Corient Private Wealth LP boosted its holdings in shares of Energy Transfer by 7.8% during the second quarter. Corient Private Wealth LP now owns 1,868,875 shares of the pipeline company’s stock valued at $35,733,000 after acquiring an additional 135,275 shares during the period. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Trading Up 0.1%

Energy Transfer stock opened at $19.45 on Thursday. Energy Transfer LP has a 12-month low of $16.18 and a 12-month high of $21.84. 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 stock has a market capitalization of $66.97 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 0.73 and a beta of 0.62. The firm has a 50 day simple moving average of $20.48 and a 200-day simple moving average of $19.73.

Energy Transfer (TXSE:ET) last released its earnings results on Tuesday, November 3rd. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The firm had revenue of $37.10 billion during the quarter, compared to analyst estimates of $30.98 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. During the same quarter last year, the company earned $0.28 earnings per share. As a group, equities research analysts expect that Energy Transfer LP will post 1.73 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Friday, November 6th will be paid a $0.3425 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 7.0%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio (DPR) is presently 90.13%.

Key Stories Impacting Energy Transfer

Investors following ET have been watching these stories:

• Positive Sentiment: The partnership announced a quarterly payout of $0.3425 per unit, its 20th consecutive quarterly increase. Coverage says cash flow supports the distribution, reinforcing ET’s appeal to income-focused investors. Article: Energy Transfer Just Sent a Message to Anyone Collecting $13,700 a Year by Raising Its Payout After an Earnings Miss
• Neutral Sentiment: Scotiabank lowered its price target from $24 to $23 but maintained a “sector outperform” rating, signaling continued optimism alongside a more cautious valuation. Scotiabank stock recommendations
• Negative Sentiment: Energy Transfer’s latest earnings per unit missed Wall Street expectations by about 20%. Although reports characterize the distribution as well covered by cash flow, the earnings shortfall may weigh on sentiment. Article: Energy Transfer’s EPS Missed by 20%. Enbridge’s Profit Nearly Doubled.

Insider Buying and Selling at Energy Transfer

In other news, Director Kelcy Warren acquired 647,968 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $21.26 per share, for a total transaction of $13,775,799.68. Following the completion of the acquisition, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. This represents a 0.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ET. Melius Research began coverage on shares of Energy Transfer in a report on Tuesday, September 22nd. They issued a “hold” rating and a $25.00 price objective on the stock. Zacks Research lowered shares of Energy Transfer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 target price (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, July 21st. Capital One Financial began coverage on shares of Energy Transfer in a research report on Tuesday, September 22nd. They issued an “overweight” rating and a $26.00 target price for the company. Finally, Truist Financial raised their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.73.

Energy Transfer Profile

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States. The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.