Kelleher Financial Advisors Sells 42,953 Shares of Energy Transfer LP $ET

Kelleher Financial Advisors lessened its position in shares of Energy Transfer LP (NYSE:ET) by 49.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,696 shares of the pipeline company’s stock after selling 42,953 shares during the quarter. Kelleher Financial Advisors’ holdings in Energy Transfer were worth $835,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ET. Basepoint Wealth LLC purchased a new stake in shares of Energy Transfer during the 4th quarter worth approximately $25,000. Gables Capital Management Inc. boosted its position in shares of Energy Transfer by 60.0% during the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors purchased a new position in shares of Energy Transfer in the fourth quarter valued at $32,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Energy Transfer in the first quarter valued at $35,000. Finally, Navalign LLC bought a new stake in Energy Transfer in the fourth quarter worth $37,000. Institutional investors own 38.22% of the company’s stock.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director James Richard Perry purchased 12,359 shares of Energy Transfer stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $20.23 per share, with a total value 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. This trade represents a 6.32% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.28% of the company’s stock.

Trending Headlines about Energy Transfer

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

Energy Transfer Stock Performance

Energy Transfer stock opened at $21.02 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. The company has a market capitalization of $72.39 billion, a PE ratio of 14.30, a P/E/G ratio of 2.00 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 fifty-two week low of $16.18 and a fifty-two week high of $21.11.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.38 by $0.21. The company had revenue of $34.33 billion for the quarter, compared to the consensus estimate of $27.71 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%.Energy Transfer’s quarterly revenue was up 78.4% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. As a group, equities analysts forecast that Energy Transfer LP will post 1.63 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared 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. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.36 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, August 7th. Energy Transfer’s dividend payout ratio is presently 92.52%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank reiterated an “outperform” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Energy Transfer from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Truist Financial lifted their price target on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, TD Cowen reiterated a “buy” rating and issued a $25.00 target price (up from $24.00) on shares of Energy Transfer in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

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.