CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Sells 220,000 Shares of Energy Transfer LP $ET

Key Points

• CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT trimmed its stake in Energy Transfer by 2.7%, selling 220,000 shares and leaving it with 7,991,600 shares (about $131.78M), which remains the firm's largest holding (~7.6% of its portfolio).
• Energy Transfer raised its quarterly dividend to $0.335 (annualized $1.34) for a yield of ~7.1%, though the dividend payout ratio is elevated at about 110.7%, which may raise sustainability questions.
• In the latest quarter the company reported a revenue beat ($25.32B vs $23.56B est.) but an EPS miss ($0.25 vs $0.34), and analysts maintain a consensus "Moderate Buy" with an average target of $21.60.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its position in shares of Energy Transfer LP (NYSE:ET - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,991,600 shares of the pipeline company's stock after selling 220,000 shares during the quarter. Energy Transfer makes up approximately 7.6% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings, making the stock its largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.23% of Energy Transfer worth $131,781,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ET. Brighton Jones LLC lifted its holdings in Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company's stock worth $481,000 after buying an additional 11,844 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Energy Transfer by 62.8% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in Energy Transfer by 6.2% during 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 in the last quarter. Russell Investments Group Ltd. lifted its holdings in Energy Transfer by 436.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company's stock worth $76,000 after buying an additional 3,400 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Energy Transfer by 5.6% during the 2nd quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company's stock worth $923,000 after buying an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Key Energy Transfer News

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

• Positive Sentiment: Near‑term demand boost and dividend focus — Seeking Alpha argues Energy Transfer benefits from Iran conflict disruptions (higher U.S. NGL export demand and transport volumes) while its fee‑based business model and expansion projects underpin dividend growth and steady cash flow. Seeking Alpha: Energy Transfer: Energy Price Fluctuations Are Noisy, Dividend Is The Signal
• Positive Sentiment: Buying case highlighted — The Motley Fool notes the stock trading under $20 may be a time to buy given existing large deals and pipeline of projects that could drive cash flow and support the payout. The Fool: The Clock May Be Ticking on Energy Transfer Stock Trading Under $20
• Positive Sentiment: Income investor interest — Articles rounding up high‑yield dividend ideas (Barchart, 247WallSt) repeatedly include ET as a yield play, which can support demand from income-focused funds and retail buyers. Barchart: 3 Dividend Stocks Yielding Over 7% 247WallSt: The $40,000 Dividend Raise Hiding in These Four Tickers
• Neutral Sentiment: Trending attention but no new catalyst — Zacks/Yahoo pieces note the stock is trending among readers and recap fundamentals (yield, growth outlook) without adding fresh company‑specific news; useful for sentiment gauge but not a standalone catalyst. Zacks: Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock Yahoo: Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock
• Neutral Sentiment: Ticker confusion risk — A recent Yahoo item about Evertz Technologies TSX: ET is unrelated but can create ticker confusion among scanners; not relevant to Energy Transfer’s fundamentals. Yahoo: How The Evertz Technologies TSX: ET Investment Story Is Shifting
• Negative Sentiment: Mixed fundamentals weigh — ET’s most recent quarter showed a revenue beat but an EPS miss, and trading volume today is below average; that mixed earnings signal plus modest volatility can keep the stock from rallying despite yield appeal. (Background quarterly results and valuation metrics referenced.)

Energy Transfer Stock Performance

ET stock opened at $18.85 on Friday. The business's fifty day moving average is $18.85 and its 200-day moving average is $17.58. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. The company has a market cap of $64.83 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. Energy Transfer LP has a twelve month low of $15.80 and a twelve month high of $19.85.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.09). The company had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Equities research analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were paid a $0.335 dividend. This is an increase from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. Energy Transfer's dividend payout ratio (DPR) is currently 110.74%.

Analysts Set New Price Targets

ET has been the topic of several research reports. Barclays reaffirmed an "overweight" rating and set a $22.00 price objective (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Energy Transfer in a report on Wednesday, December 24th. Morgan Stanley upped their price objective on Energy Transfer from $19.00 to $21.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 10th. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a report on Wednesday, January 7th. Finally, TD Cowen upped their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.60.

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.

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