Energy Transfer LP $ET Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. lessened its holdings in shares of Energy Transfer LP (TXSE:ET) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 825,565 shares of the pipeline company’s stock after selling 194,465 shares during the quarter. General American Investors Co. Inc.’s holdings in Energy Transfer were worth $16,321,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Osbon Capital Management LLC bought a new stake in shares of Energy Transfer in the second quarter worth about $25,000. Sawyer & Company Inc bought a new position in shares of Energy Transfer during the 3rd quarter valued at about $30,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Energy Transfer during the 1st quarter valued at about $35,000. Bullseye Investment Management LLC acquired a new position in shares of Energy Transfer in the 2nd quarter valued at approximately $42,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Energy Transfer in the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Energy Transfer in a report on Thursday, September 10th. They set a “buy” rating and a $25.00 target price on the stock. Wall Street Zen raised shares of Energy Transfer from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Mizuho set a $26.00 price target on shares of Energy Transfer in a report on Tuesday, October 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.80.

Insider Transactions at Energy Transfer

In other Energy Transfer news, Director Kelcy Warren purchased 647,968 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the purchase, the director owned 147,901,879 shares of the company’s stock, valued at approximately $3,144,393,947.54. The trade was a 0.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.28% of the company’s stock.

Energy Transfer News Roundup

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

• Positive Sentiment: Citigroup raised its price target to $25 from $24 and maintained a Buy rating, implying substantial upside from the reported $18.92 share price. Citigroup rating
• Positive Sentiment: Recent analysis highlighted stronger Q3 operating performance, including EBITDA growth, record volumes, and raised full-year EBITDA guidance of $19.7–$19.9 billion. The company’s pipeline projects and fee-based growth plans could add to future earnings. Q3 results and outlook
• Positive Sentiment: Energy Transfer reached a final investment decision on a $1.6 billion South Mississippi pipeline, a long-term infrastructure project that may expand its growth opportunities. South Mississippi pipeline
• Neutral Sentiment: The partnership priced $2.7 billion of senior notes, with maturities from 2032 to 2057 and coupons of 5.45% to 6.55%. The proceeds can support financing needs, but the borrowing adds long-term interest obligations. Senior notes offering
• Negative Sentiment: Despite strong operating metrics, Energy Transfer missed analysts’ Q3 EPS estimate, a potential concern for investors focused on per-share results. Broader market volatility and interest-rate uncertainty may also pressure sentiment. Analysis of earnings miss

Energy Transfer Price Performance

The company has a market cap of $65.15 billion, a PE ratio of 12.87, a PEG ratio of 0.73 and a beta of 0.62. 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 business’s 50 day simple moving average is $20.60 and its 200-day simple moving average is $19.70. Energy Transfer LP has a 52-week low of $16.18 and a 52-week high of $21.84.

Energy Transfer (TXSE:ET) last issued its quarterly earnings data on Tuesday, November 3rd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business had revenue of $37.10 billion during the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter last year, the business earned $0.28 EPS. On average, analysts anticipate that Energy Transfer LP will post 1.73 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be given a $0.3425 dividend. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. This represents a $1.37 annualized dividend and a yield of 7.2%. Energy Transfer’s dividend payout ratio is currently 90.13%.

Energy Transfer Company Profile

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.