Elemental Capital Partners LLC Takes $935,000 Position in Energy Transfer LP $ET

Elemental Capital Partners LLC purchased a new position in shares of Energy Transfer LP (NYSE:ET) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,439 shares of the pipeline company’s stock, valued at approximately $935,000. Energy Transfer accounts for approximately 0.4% of Elemental Capital Partners LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ET. Morgan Stanley lifted its position in Energy Transfer by 41.6% in the 4th quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after buying an additional 25,366,594 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Energy Transfer during the 3rd quarter valued at $264,309,000. Alps Advisors Inc. grew 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 valued at $1,382,573,000 after acquiring an additional 6,192,066 shares in the last quarter. Invesco Ltd. increased its stake 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. Finally, Jump Financial LLC increased its stake in shares of Energy Transfer by 128.0% in the fourth quarter. Jump Financial LLC now owns 2,585,439 shares of the pipeline company’s stock worth $42,634,000 after acquiring an additional 1,451,613 shares during the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup reissued a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of Energy Transfer in a research report on Thursday, May 7th. Stifel Nicolaus upped their target price on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Scotiabank reaffirmed an “outperform” rating on shares of Energy Transfer in a research note on Tuesday, May 12th. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. boosted their price target on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $23.45.

Energy Transfer Trading Up 1.4%

Shares of NYSE:ET opened at $19.32 on Friday. The stock has a market capitalization of $66.47 billion, a PE ratio of 16.10, a P/E/G ratio of 1.10 and a beta of 0.55. Energy Transfer LP has a 1 year low of $16.18 and a 1 year high of $20.70. The firm has a fifty day moving average price of $19.46 and a 200 day moving average price of $18.59. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter last year, the business earned $0.36 earnings per share. Energy Transfer’s quarterly revenue was up 32.1% on a year-over-year basis. Analysts expect that Energy Transfer LP will post 1.43 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Friday, May 8th were paid a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio (DPR) is 112.50%.

Key Stories Impacting Energy Transfer

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

• Positive Sentiment: Energy Transfer and related affiliates announced plans to change their state of formation from Delaware to Texas, a move that could reduce regulatory uncertainty and align the partnership with a more business-friendly jurisdiction. Energy Transfer LP, Sunoco LP, SunocoCorp LLC and USA Compression Partners, LP Announce Redomiciliation to Texas
• Positive Sentiment: The company also announced a major Nederland terminal expansion, adding ethane and LPG export capacity backed by long-term customer commitments into the 2040s, which should support future cash flow growth. Energy Transfer (ET) Expands Nederland Terminal With New Ethane And LPG Capacity
• Neutral Sentiment: Recent commentary continues to frame Energy Transfer as a value and income stock, with some articles arguing the units still look below fair value even after a strong multi-year run. Energy Transfer (ET) Stock Still Looks Below Fair Value After Its 166% Run
• Neutral Sentiment: Analyst-style coverage also highlighted Energy Transfer’s dividend appeal and its role in benefiting from export growth, reinforcing the stock’s income-investment case rather than signaling a major new catalyst. Would You Like $3,000 in Passive Income Each Year? Buy 2,239 Shares of This Top High-Yield Dividend Stock.
• Neutral Sentiment: A market recap noted ET’s shares moved modestly higher, but did not point to a separate company-specific negative development. Energy Transfer LP (ET) Stock Moves 1.47%: What You Should Know

Energy Transfer Company 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.