Catalyst Capital Advisors LLC Decreases Stake in Energy Transfer LP $ET

Key Points

• Catalyst Capital Advisors trimmed its stake in Energy Transfer by 6.6% in Q4, selling 142,205 shares and leaving it with 2,014,200 shares (about $33.2M), making ET its 24th largest holding.
• Energy Transfer reported Q4 EPS of $0.25 (missing the $0.34 estimate) while revenue jumped 29.6% to $25.32B, and it declared a quarterly dividend of $0.3375 (annualized $1.35, ~6.8% yield) with a payout ratio above 110%.
• Wall Street sentiment is broadly positive—MarketBeat shows a "Moderate Buy" consensus and a $21.60 target with some firms raising targets to ~$25—yet macro risks like a U.S. natural gas glut could weigh on pipeline volumes and margins.

Catalyst Capital Advisors LLC lessened its holdings in shares of Energy Transfer LP (NYSE:ET - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,014,200 shares of the pipeline company's stock after selling 142,205 shares during the quarter. Energy Transfer accounts for about 0.7% of Catalyst Capital Advisors LLC's investment portfolio, making the stock its 24th largest holding. Catalyst Capital Advisors LLC owned approximately 0.06% of Energy Transfer worth $33,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ET. Alps Advisors Inc. lifted its position in Energy Transfer by 4.5% during the third quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company's stock valued at $1,332,492,000 after buying an additional 3,366,734 shares in the last quarter. Invesco Ltd. lifted its position in Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company's stock valued at $992,923,000 after buying an additional 1,773,042 shares in the last quarter. Energy Income Partners LLC lifted its position in Energy Transfer by 1.4% during the third quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company's stock valued at $400,706,000 after buying an additional 326,653 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Energy Transfer by 2.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,898,420 shares of the pipeline company's stock valued at $375,777,000 after buying an additional 544,944 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Energy Transfer during the third quarter valued at approximately $264,309,000. 38.22% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Stock Performance

Energy Transfer stock opened at $19.97 on Friday. The stock's 50 day moving average price is $18.99 and its 200 day moving average price is $17.73. The firm has a market capitalization of $68.69 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.22. Energy Transfer LP has a one year low of $15.80 and a one year high of $20.28.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $25.32 billion for the quarter, compared to analyst estimates 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 was up 29.6% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. As a group, sell-side analysts expect that Energy Transfer LP will post 1.52 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be given a dividend of $0.3375 per share. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.35 annualized dividend and a yield of 6.8%. Energy Transfer's dividend payout ratio is presently 110.74%.

Key Headlines Impacting Energy Transfer

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

• Positive Sentiment: US Capital Advisors raised multiple 2026–2027 EPS estimates for ET, lifting quarterly and full-year forecasts — a direct fundamental upgrade that supports higher earnings expectations and dividend sustainability.
• Positive Sentiment: Analyst/bull commentary predicts further upside for ET (a published piece argues ET could reach $25 in 2026), which can boost investor sentiment and attract momentum buying. Prediction: Energy Transfer Will Hit $25 in 2026
• Positive Sentiment: Energy Transfer appointed Jim S. Holotik to the USA Compression general partner board, strengthening governance ties with a related business and potentially smoothing coordination on compression/operations projects. USA Compression Adds Independent Director to General Partner Board
• Neutral Sentiment: Zacks / Yahoo industry pieces note conservative upstream capex is adding uncertainty for pipeline MLPs, but they list ET among survivors — this suggests resilience but also that growth could be muted until upstream activity recovers. 3 Oil Pipeline MLP Stocks to Gain Despite Industry Challenges
• Neutral Sentiment: Coverage note: a recent analyst update nudged ET’s fair value slightly higher (to ~$22.26) and highlighted mixed target moves — this creates a modest tailwind but keeps some investors cautious about near-term upside. How The Investment Story For Energy Transfer (ET) Is Shifting With New Analyst Signals
• Neutral Sentiment: Quarterly preview coverage is reminding investors to watch Q1 metrics (volumes, fee-based revenue and project execution) that will determine whether upgraded estimates hold. Energy Transfer LP (ET) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
• Negative Sentiment: Macro headwind — Reuters reports a U.S. natural gas glut while Europe/Asia scramble for LNG; domestic oversupply can force lower gas prices and takeaway constraints in some basins, a direct negative for pipeline throughput, volumes and margin recovery. While Asia and Europe scramble for natural gas, the US glut has nowhere to go

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ET shares. Wells Fargo & Company lifted their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, March 13th. Truist Financial started coverage on shares of Energy Transfer in a research report on Tuesday, March 24th. They set a "buy" rating and a $23.00 price target on the stock. Morgan Stanley lifted their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 10th. Barclays reaffirmed an "overweight" rating and set a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Energy Transfer in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

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