Crescent Grove Advisors LLC Has $3.30 Million Holdings in Energy Transfer LP $ET

Crescent Grove Advisors LLC reduced its holdings in Energy Transfer LP (NYSE:ET) by 46.7% during the 4th quarter, Holdings Channel reports. The fund owned 199,993 shares of the pipeline company’s stock after selling 175,481 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Energy Transfer were worth $3,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Basepoint Wealth LLC acquired a new position in shares of Energy Transfer in the 4th quarter worth approximately $25,000. Gables Capital Management Inc. boosted 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 in the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in shares of Energy Transfer in the 4th quarter worth approximately $32,000. Financial Life Planners acquired a new position in shares of Energy Transfer in the 3rd quarter worth approximately $34,000. Finally, Navalign LLC acquired a new position in shares of Energy Transfer in the 4th quarter worth approximately $37,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Energy Transfer

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

• Positive Sentiment: US Capital Advisors raised earnings estimates for Energy Transfer across several periods, including FY2026, FY2027 and FY2028, suggesting improving profit expectations and supporting a more constructive view on the stock.
• Positive Sentiment: Analysts now have a consensus “Buy” rating on Energy Transfer LP, indicating Wall Street remains generally favorable on the company’s prospects.
• Positive Sentiment: MarketWatch reported ET outperformed peers on a strong trading day, which can attract momentum investors and signal relative strength in the midstream energy group.
• Neutral Sentiment: Energy Transfer announced the planned retirement of Co-CEO Marshall S. “Ma…” in a June 1 announcement. While leadership changes can matter, the market appears to be treating this as a routine transition for now. Energy Transfer announces planned retirement of Co-CEO McCrea

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley boosted their target price on Energy Transfer from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Citigroup reissued a “buy” rating and issued a $23.00 target price (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 7th. Wells Fargo & Company boosted their target price on Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. JPMorgan Chase & Co. upped their price objective on Energy Transfer from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Energy Transfer has a consensus rating of “Buy” and an average price target of $23.45.

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $19.57 on Thursday. The firm has a fifty day moving average of $19.46 and a two-hundred day moving average of $18.23. The stock has a market capitalization of $67.33 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.13 and a beta of 0.55. Energy Transfer LP has a 52 week low of $16.18 and a 52 week high of $20.70. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17.

Energy Transfer (NYSE:ET) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $25.78 billion. Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The business’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts predict that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th were given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Friday, May 8th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio is presently 112.50%.

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.