Evanson Financial LLC Acquires Shares of 83,013 Energy Transfer LP $ET

Evanson Financial LLC acquired a new stake in shares of Energy Transfer LP (NYSE:ET) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,013 shares of the pipeline company’s stock, valued at approximately $1,587,000.

A number of other institutional investors also recently modified their holdings of ET. Brighton Jones LLC raised its position in Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock valued at $481,000 after purchasing an additional 11,844 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Energy Transfer by 62.8% in the 1st quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock worth $391,000 after buying an additional 8,118 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Energy Transfer by 6.2% in the 2nd quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock worth $2,455,000 after buying an additional 7,901 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Energy Transfer by 436.5% during the second quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company’s stock valued at $76,000 after buying an additional 3,400 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Energy Transfer by 5.6% during the second quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock valued at $923,000 after buying an additional 2,700 shares during the period. 38.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ET shares. Zacks Research raised Energy Transfer from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research report on Thursday, July 16th. Finally, Morgan Stanley lifted their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $23.58.

Energy Transfer News Roundup

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

• Positive Sentiment: Energy Transfer is described as “firing on all growth cylinders,” with robust NGL export growth, high pipeline and fractionator utilization, and multi-year export capacity commitments. These factors improve visibility into long-term EBITDA and distribution growth. Management continues to target annual distribution growth of approximately 3% to 5%. Energy Transfer Is Now Finally Firing On All Growth Cylinders
• Positive Sentiment: Recent earnings momentum reinforces the bullish case. Energy Transfer reported quarterly earnings of $0.59 per share versus the $0.38 consensus estimate, while revenue of $34.33 billion exceeded the $27.71 billion forecast and increased 78.4% year over year. Energy Transfer Is A Beat And Raise Machine
• Positive Sentiment: Income-focused coverage highlights ET’s roughly 6.6% to nearly 7% yield and its dividend increase in 2026. The combination of rising profits and a substantial cash distribution is making the midstream partnership attractive to yield-seeking investors. These Outperforming Giants Are Boosting Dividends in 2026
• Positive Sentiment: Broader investment commentary identifies Energy Transfer as a potentially strong income holding, with natural-gas demand growth—including demand from data centers—and midstream infrastructure exposure supporting the long-term thesis. 4 High-Yield Energy Stocks With 6% and Higher Dividends Are Strong Buys Before September
• Neutral Sentiment: Growth investment is accelerating, but capital expenditures are expected to peak this year. Elevated spending and management’s targeted 4.0x–4.5x EBITDA leverage range remain important factors for investors monitoring cash flow and balance-sheet risk.
• Neutral Sentiment: Articles comparing ET with other income investments emphasize its high yield, but also note that bonds currently offer yields above 4%, giving income investors alternatives with potentially lower volatility. Realty Income, Energy Transfer, JEPQ, and SCHD: A Good Portfolio for Income?

Energy Transfer Trading Up 1.7%

ET opened at $20.70 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. Energy Transfer LP has a 52 week low of $16.18 and a 52 week high of $20.81. The stock has a market cap of $71.21 billion, a PE ratio of 14.08, a PEG ratio of 2.11 and a beta of 0.55. The business has a 50 day moving average of $19.61 and a 200-day moving average of $19.20.

Energy Transfer (NYSE:ET) last issued its quarterly 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 company had revenue of $34.33 billion for the quarter, compared to analysts’ expectations of $27.71 billion. Energy Transfer had a return on equity of 11.71% and a net margin of 4.87%.The firm’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 earnings per share. Equities research analysts predict that Energy Transfer LP will post 1.44 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a $0.34 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.6%. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s payout ratio is currently 92.52%.

Energy Transfer 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.