Private Capital Advisors Inc. Sells 29,445 Shares of Energy Transfer LP $ET

by · The Cerbat Gem

Private Capital Advisors Inc. lowered its stake in shares of Energy Transfer LP (NYSE:ET – Free Report) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,481,535 shares of the pipeline company’s stock after selling 29,445 shares during the quarter. Energy Transfer comprises approximately 2.5% of Private Capital Advisors Inc.’s holdings, making the stock its 8th largest holding. Private Capital Advisors Inc.’s holdings in Energy Transfer were worth $29,290,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Alps Advisors Inc. increased its holdings in shares of Energy Transfer by 8.0% during the 4th 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 during the period. Bank of America Corp DE lifted its stake in shares of Energy Transfer by 5.7% in the first quarter. Bank of America Corp DE now owns 30,956,358 shares of the pipeline company’s stock valued at $597,458,000 after buying an additional 1,656,609 shares during the period. Energy Income Partners LLC grew its position in Energy Transfer by 1.8% during the second quarter. Energy Income Partners LLC now owns 25,654,536 shares of the pipeline company’s stock worth $490,515,000 after buying an additional 447,081 shares in the last quarter. Clearbridge Investments LLC increased its stake in Energy Transfer by 3.0% during the fourth quarter. Clearbridge Investments LLC now owns 13,014,994 shares of the pipeline company’s stock valued at $214,617,000 after acquiring an additional 374,000 shares during the period. Finally, LPL Financial LLC increased its stake in Energy Transfer by 3.2% during the fourth quarter. LPL Financial LLC now owns 7,696,319 shares of the pipeline company’s stock valued at $126,912,000 after acquiring an additional 235,863 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Energy Transfer news, Director Kelcy L. Warren purchased 647,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average cost of $21.26 per share, for a total transaction of $13,775,799.68. Following the transaction, the director directly owned 147,901,879 shares in the company, valued at approximately $3,144,393,947.54. The trade was a 0.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director James Perry purchased 12,359 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director directly owned 208,046 shares in the company, valued at approximately $4,208,770.58. This represents a 6.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 1,012,359 shares of company stock worth $21,513,543 over the last ninety days. Insiders own 3.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ET shares. Morgan Stanley raised their price objective on Energy Transfer from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 18th. Jefferies Financial Group restated a “buy” rating on shares of Energy Transfer in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Energy Transfer from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Stifel Nicolaus started coverage on shares of Energy Transfer in a report on Thursday, September 10th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.36.

Read Our Latest Analysis on Energy Transfer

Energy Transfer Price Performance

NYSE:ET traded up $0.02 during trading hours on Tuesday, reaching $20.74. The company had a trading volume of 7,776,202 shares, compared to its average volume of 12,502,816. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average of $20.89 and a two-hundred day moving average of $19.97. Energy Transfer LP has a one year low of $16.18 and a one year high of $21.84. The firm has a market capitalization of $71.41 billion, a PE ratio of 14.11, a PEG ratio of 0.69 and a beta of 0.60.

Energy Transfer (NYSE:ET – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%.The company had revenue of $34.33 billion during the quarter, compared to analysts’ expectations of $27.71 billion. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue was up 78.4% on a year-over-year basis. Analysts forecast that Energy Transfer LP will post 1.73 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 6.6%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.3375. The ex-dividend date was Friday, August 7th. Energy Transfer’s dividend payout ratio (DPR) is presently 92.52%.

More Energy Transfer News

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

  • Positive Sentiment: Vaquero Midstream acquisition expands growth platform: Energy Transfer agreed to acquire Vaquero Midstream for approximately $2.625 billion, adding complementary midstream assets and expanding its operations. Management expects the bolt-on transaction to close in the fourth quarter. The consideration includes $1.95 billion in cash and approximately 33.3 million newly issued ET common units, and the deal is being described by analysts as strategic and potentially accretive. Energy Transfer to Acquire Vaquero Midstream
  • Positive Sentiment: Constructive analyst outlook: Energy Transfer was resumed at Buy with a $26 price target. The bullish thesis points to strong volume growth, robust downstream utilization, a roughly 90% fee-based business mix and limited commodity-price exposure. A proprietary forecast projects mid-single-digit revenue growth and 60 basis points of margin expansion in fiscal 2027, supported in part by rising power demand from data centers. Energy Transfer: Buy the Dip
  • Positive Sentiment: Distribution growth remains a catalyst: Recent commentary highlights record earnings and volumes, rising guidance and the possibility of a larger distribution increase with fourth-quarter results. Supportive commodity conditions, diversified operations and leverage below management’s targets could give ET more flexibility to reward unitholders. Energy Transfer Guidance Keeps Rising
  • Neutral Sentiment: ET is also receiving elevated retail and search attention, while income-focused articles continue to emphasize its high distribution yield and recurring cash flows. This may improve visibility but is not, by itself, a fundamental catalyst. Energy Transfer Trending Stock
  • Negative Sentiment: The Vaquero deal requires substantial cash and the issuance of new units, creating additional financing needs and potential per-unit dilution. Investors may also remain cautious about the extent to which data-center-related demand translates into near-term earnings growth.

Energy Transfer Company Profile

(Free Report)

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.

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