Talon Private Wealth LLC Invests $1.01 Million in Energy Transfer LP $ET

Talon Private Wealth LLC acquired a new position in shares of Energy Transfer LP (NYSE:ET) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 52,455 shares of the pipeline company’s stock, valued at approximately $1,012,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ET. Morgan Stanley boosted its stake in Energy Transfer by 41.6% in the fourth quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock valued at $1,423,256,000 after acquiring an additional 25,366,594 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Energy Transfer by 8.0% during the fourth quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock worth $1,382,573,000 after purchasing an additional 6,192,066 shares in the last quarter. Invesco Ltd. increased its position in shares of Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after purchasing an additional 1,773,042 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Energy Transfer by 0.3% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 38,675,828 shares of the pipeline company’s stock valued at $637,764,000 after purchasing an additional 103,245 shares during the last quarter. Finally, Energy Income Partners LLC lifted its holdings in shares of Energy Transfer by 1.4% during the 3rd quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company’s stock valued at $400,706,000 after purchasing an additional 326,653 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. Jefferies Financial Group upgraded Energy Transfer from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, May 26th. Barclays reissued an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 14th. JPMorgan Chase & Co. boosted their price target on Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $23.50.

Trending Headlines about Energy Transfer

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

• Positive Sentiment: Energy Transfer was upgraded to Strong Buy after analysts cited reduced project-execution risk and a raised full-year EBITDA outlook. First-quarter EBITDA reportedly increased about 20% year over year to approximately $4.9 billion, while guidance was raised to as much as $18.6 billion. NGL debottlenecking and the Hugh Brinson Pipeline are progressing ahead of or on schedule, potentially supporting additional earnings growth. Energy Transfer: Strong Buy On A Quiet Multiple, A Loud Guidance Raise
• Positive Sentiment: The partnership announced its nineteenth consecutive quarterly cash-distribution increase, raising the payment to $0.34 per common unit, or $1.36 annualized. The distribution is payable August 19 to unitholders of record August 7, reinforcing ET’s appeal to income-focused investors and signaling confidence in cash-flow growth. Energy Transfer Announces Nineteenth Consecutive Increase in Quarterly Cash Distribution
• Positive Sentiment: Analysts see potential for faster distribution growth, with a projected 2027 payout of approximately $1.416 per unit and a forward yield above 7%. Diversification across midstream businesses and leverage below management’s target range further support the bullish income thesis. Energy Transfer: A 7% Yield With Upsizing Distribution Growth On The Horizon
• Neutral Sentiment: ET is being featured as a low-beta, relatively defensive stock amid market uncertainty and higher oil prices, which may attract investors seeking stability. Zacks.com Featured Highlights
• Negative Sentiment: Leverage of roughly 3.85 times EBITDA remains higher than that of some peers, potentially limiting valuation expansion and keeping investors focused on debt reduction and distribution coverage. Energy Transfer: A 7% Yield With Upsizing Distribution Growth On The Horizon

Energy Transfer Stock Up 1.6%

Shares of ET stock opened at $20.23 on Wednesday. Energy Transfer LP has a fifty-two week low of $16.18 and a fifty-two week high of $20.70. The firm has a market capitalization of $69.62 billion, a PE ratio of 16.86, a P/E/G ratio of 1.15 and a beta of 0.55. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17. The stock’s 50-day simple moving average is $19.54 and its 200-day simple moving average is $19.04.

Energy Transfer (NYSE:ET) last released its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $25.78 billion. Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Equities analysts expect that Energy Transfer LP will post 1.44 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed 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. This represents a $1.36 annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, August 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio (DPR) is presently 112.50%.

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.