Carret Asset Management LLC Makes New $624,000 Investment in Energy Transfer LP $ET

Carret Asset Management LLC acquired a new position in Energy Transfer LP (NYSE:ET) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,625 shares of the pipeline company’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ET. Basepoint Wealth LLC purchased a new position in Energy Transfer during the 4th quarter valued at about $25,000. Gables Capital Management Inc. lifted its position in shares of Energy Transfer by 60.0% in the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 600 shares during the period. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Energy Transfer in the 4th quarter worth approximately $32,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Energy Transfer during the first quarter valued at approximately $35,000. Finally, Navalign LLC bought a new position in shares of Energy Transfer during the fourth quarter valued at approximately $37,000. 38.22% of the stock is currently owned by institutional investors.

More Energy Transfer News

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Zacks Research lowered Energy Transfer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Energy Transfer in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Energy Transfer has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

Energy Transfer Stock Up 1.3%

Shares of Energy Transfer stock opened at $21.02 on Friday. The firm’s 50 day moving average price is $19.76 and its 200-day moving average price is $19.32. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. Energy Transfer LP has a 52-week low of $16.18 and a 52-week high of $21.11. The company has a market cap of $72.39 billion, a P/E ratio of 14.30, a PEG ratio of 1.97 and a beta of 0.55.

Energy Transfer (NYSE:ET) last posted 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. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The firm had revenue of $34.33 billion during the quarter, compared to analyst estimates of $27.71 billion. During the same quarter in the previous year, the business posted $0.32 EPS. Energy Transfer’s revenue was up 78.4% on a year-over-year basis. On average, sell-side analysts predict that Energy Transfer LP will post 1.57 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm 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 a boost 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 92.52%.

Insiders Place Their Bets

In other Energy Transfer news, Director James Richard Perry purchased 12,359 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the purchase, the director owned 208,046 shares of the company’s stock, valued at approximately $4,208,770.58. The trade was a 6.32% increase in their ownership of the stock. The acquisition 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.

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.