Elevation Point Wealth Partners LLC Grows Stock Holdings in Energy Transfer LP $ET

Elevation Point Wealth Partners LLC boosted its stake in shares of Energy Transfer LP (NYSE:ET) by 92,158.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,258 shares of the pipeline company’s stock after buying an additional 92,158 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Energy Transfer were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in shares of Energy Transfer by 4.5% during the 3rd quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock valued at $1,332,492,000 after acquiring an additional 3,366,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Energy Transfer by 9.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,353,476 shares of the pipeline company’s stock worth $387,139,000 after acquiring an additional 1,825,391 shares during the period. Invesco Ltd. raised its holdings in shares of Energy Transfer by 3.2% in the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after acquiring an additional 1,773,042 shares during the last quarter. Jump Financial LLC lifted its position in shares of Energy Transfer by 2,687.9% in the second quarter. Jump Financial LLC now owns 1,791,358 shares of the pipeline company’s stock valued at $32,477,000 after acquiring an additional 1,727,104 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Energy Transfer by 223.7% in the second quarter. Corient Private Wealth LLC now owns 1,690,771 shares of the pipeline company’s stock valued at $30,654,000 after acquiring an additional 1,168,440 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer News Summary

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

• Positive Sentiment: Wells Fargo raised its price target to $25 and moved ET to an “overweight” rating, implying roughly 33% upside from current levels — a clear catalyst for buying interest. Article Title
• Positive Sentiment: Morgan Stanley increased its price target to $21, reinforcing the analyst-driven bid into the stock. Article Title
• Positive Sentiment: Market reports note ET is trading up following analyst upgrades, reflecting immediate buying flow tied to the research calls. Article Title
• Positive Sentiment: Macro energy news — oil futures spiking toward $100 on Iran/Strait of Hormuz tensions — is lifting midstream names and ETF interest, which benefits ET’s fee-based transport and storage business. 4 ETFs That Are Worth Buying For $100 Oil
• Positive Sentiment: Investor pieces highlighting ET as a reliable dividend stock and a high-yield pipeline pick are supporting longer-term demand from income-focused buyers. Stock Market Crash: The Best Dividend Stocks to Buy Right Now
• Positive Sentiment: Additional retail coverage lists ET among high-yield pipeline names to buy and hold, reinforcing the narrative of stable cash flow and distribution support. 3 High-Yield Pipeline Stocks to Buy Now and Hold Forever
• Neutral Sentiment: News wires and market summaries reporting recent intraday gains provide confirmation of the move but add little new fundamental information. Article Title
• Neutral Sentiment: Coverage weighing dividend yield scenarios and geopolitical comments from the White House highlights uncertainty about how policy shifts could swing oil and midstream sentiment. Article Title
• Negative Sentiment: The planned U.S. Strategic Petroleum Reserve release (172M barrels) is a potential headwind for oil prices; lower crude could reduce short-term volumes or margin pressure for some midstream segments even though past SPR actions sometimes benefited ET. Monitor how the SPR and supply flows evolve. Prediction: One Surprise Winner Emerges as Strategic Reserves Are Released

Energy Transfer Stock Up 1.2%

ET opened at $18.78 on Monday. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $19.30. The business has a 50-day moving average of $18.13 and a two-hundred day moving average of $17.30. The stock has a market capitalization of $64.59 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90.

Energy Transfer (NYSE:ET) last posted its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09). The company had revenue of $25.32 billion for the quarter, compared to analysts’ expectations of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The business’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were given a dividend of $0.335 per share. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.34 dividend on an annualized basis and a yield of 7.1%. Energy Transfer’s dividend payout ratio is currently 110.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ET shares. Jefferies Financial Group reiterated a “hold” rating on shares of Energy Transfer in a research report on Wednesday, February 18th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. Morgan Stanley raised their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Royal Bank Of Canada raised shares of Energy Transfer to a “moderate buy” rating in a research report on Monday, December 15th. Finally, UBS Group reissued a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.60.

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.