Northwestern Mutual Wealth Management Co. Purchases 45,005 Shares of Energy Transfer LP $ET

Northwestern Mutual Wealth Management Co. increased its position in Energy Transfer LP (NYSE:ET) by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 299,110 shares of the pipeline company’s stock after buying an additional 45,005 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Energy Transfer were worth $4,932,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its holdings in shares of Energy Transfer by 100.1% during the 4th quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company’s stock valued at $2,664,000 after purchasing an additional 80,786 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Energy Transfer by 436.6% during the 4th quarter. Avior Wealth Management LLC now owns 90,160 shares of the pipeline company’s stock valued at $1,487,000 after purchasing an additional 73,359 shares during the last quarter. Chase Investment Counsel Corp boosted its holdings in shares of Energy Transfer by 277.6% during the 3rd quarter. Chase Investment Counsel Corp now owns 219,083 shares of the pipeline company’s stock valued at $3,759,000 after purchasing an additional 161,067 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Energy Transfer by 2.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,898,420 shares of the pipeline company’s stock valued at $375,777,000 after purchasing an additional 544,944 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Energy Transfer by 9.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,560,110 shares of the pipeline company’s stock valued at $25,726,000 after purchasing an additional 129,489 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Energy Transfer Stock Performance

Energy Transfer stock opened at $19.57 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 0.93. Energy Transfer LP has a 1-year low of $16.18 and a 1-year high of $20.70. The firm has a market capitalization of $67.33 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.13 and a beta of 0.55. The company’s 50-day moving average is $19.46 and its 200 day moving average is $18.23.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Energy Transfer had a return on equity of 9.77% and a net margin of 4.66%.The firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. Research analysts forecast that Energy Transfer LP will post 1.43 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were given a $0.3375 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.35 dividend on an annualized basis and a yield of 6.9%. Energy Transfer’s dividend payout ratio is currently 112.50%.

Analyst Ratings Changes

Several research analysts have commented on ET shares. Wells Fargo & Company increased their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Citigroup reissued a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a report on Thursday, May 7th. Morgan Stanley increased their price objective on shares of Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Raymond James Financial reissued a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday, May 6th. Finally, Jefferies Financial Group raised shares of Energy Transfer from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Energy Transfer currently has a consensus rating of “Buy” and a consensus target price of $23.45.

More Energy Transfer News

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

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.