Energy Transfer LP $ET Stake Boosted by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its holdings in shares of Energy Transfer LP (NYSEAMERICAN:ET) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 827,868 shares of the pipeline company’s stock after acquiring an additional 34,343 shares during the quarter. Tectonic Advisors LLC’s holdings in Energy Transfer were worth $16,367,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in Energy Transfer by 5.7% during the first quarter. Bank of America Corp DE now owns 30,956,358 shares of the pipeline company’s stock worth $597,458,000 after purchasing an additional 1,656,609 shares during the period. Energy Income Partners LLC grew its position in shares of Energy Transfer by 1.8% in the second quarter. Energy Income Partners LLC now owns 25,654,536 shares of the pipeline company’s stock valued at $490,515,000 after purchasing an additional 447,081 shares during the last quarter. Recurrent Investment Advisors LLC grew its position in shares of Energy Transfer by 3.9% in the first quarter. Recurrent Investment Advisors LLC now owns 5,562,381 shares of the pipeline company’s stock valued at $107,354,000 after purchasing an additional 211,026 shares during the last quarter. BlackRock Inc. increased its stake in shares of Energy Transfer by 0.4% during the second quarter. BlackRock Inc. now owns 4,017,925 shares of the pipeline company’s stock worth $76,823,000 after purchasing an additional 16,926 shares during the period. Finally, Mizuho Markets Americas LLC acquired a new stake in Energy Transfer during the 1st quarter worth approximately $61,760,000. Institutional investors own 38.22% of the company’s stock.

Key Stories Impacting Energy Transfer

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

• Positive Sentiment: Energy Transfer raised its quarterly common-unit distribution to $0.3425, or $1.37 annualized, representing a 0.7% increase and approximately a 6.8% yield. The company described it as its 20th consecutive quarterly increase, reinforcing the stock’s appeal to income investors. The distribution is payable November 19 to holders of record November 6. Energy Transfer Announces Twentieth Consecutive Increase in Quarterly Cash Distribution
• Positive Sentiment: Scotiabank raised its Energy Transfer EPS forecasts slightly to $1.66 for fiscal 2026 and $1.74 for fiscal 2027. The 2027 estimate is above the prior $1.65 forecast and broadly supports the view that the company’s midstream operations can continue generating steady earnings. Scotiabank Raises Energy Transfer Earnings Estimates
• Positive Sentiment: Several articles frame ET as a long-term value and income investment, highlighting its large pipeline network, recurring cash flows, attractive yield and history of distribution growth. These themes likely contribute to increased investor interest in the stock. Why Energy Transfer Is a Top Value Stock for the Long Term
• Neutral Sentiment: Energy Transfer also announced a $0.2111 quarterly distribution on its Series I preferred units. The payment is positive for preferred holders but has limited direct impact on ET common-unit valuation. Energy Transfer Announces Cash Distribution on Series I Preferred Units
• Negative Sentiment: Commentary cautions that ET’s high yield may not be risk-free. Investors should monitor debt levels, capital spending and distributable cash-flow coverage, while tax treatment can also reduce the effective income for some retirement-account investors. Pipeline Stocks Keep Paying Big Dividends: Here’s the Risk Beneath the Surface

Insider Buying and Selling

In related news, Director James Perry bought 12,359 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $20.23 per share, with a total value of $250,022.57. Following the completion of the purchase, the director owned 208,046 shares in the company, valued at $4,208,770.58. This represents a 6.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kelcy L. Warren purchased 647,968 shares of the stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the acquisition, the director directly owned 147,901,879 shares of the company’s stock, valued at approximately $3,144,393,947.54. This represents a 0.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 1,012,359 shares of company stock valued at $21,513,543. 3.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ET has been the subject of several recent research reports. Stifel Nicolaus assumed coverage on Energy Transfer in a research note on Thursday, September 10th. They issued a “buy” rating and a $25.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Energy Transfer from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. TD Cowen reissued a “buy” rating and set a $25.00 target price (up from $24.00) on shares of Energy Transfer in a report on Monday, August 10th. Melius Research assumed coverage on shares of Energy Transfer in a research report on Tuesday, September 22nd. They issued a “hold” rating and a $25.00 target price for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $23.00 price target (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.60.

Energy Transfer Price Performance

NYSEAMERICAN:ET traded up $0.41 during mid-day trading on Friday, reaching $20.45. The stock had a trading volume of 6,543,645 shares, compared to its average volume of 12,186,347. Energy Transfer LP has a 12 month low of $16.18 and a 12 month high of $21.84. The stock has a market capitalization of $70.42 billion, a PE ratio of 13.91 and a beta of 0.60. 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 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $20.06.

Energy Transfer (NYSEAMERICAN:ET) last released its earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.21. The firm 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%. The company’s quarterly revenue was up 78.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that Energy Transfer LP will post 1.73 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be issued a dividend of $0.3425 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.37 annualized dividend and a dividend yield of 6.7%. Energy Transfer’s payout ratio is presently 92.52%.

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.