Energy Transfer LP $ET Shares Acquired by AlTi Global Inc.

Key Points

• AlTi Global increased its Energy Transfer stake by 374.3% in the second quarter, bringing its holdings to 310,454 shares valued at approximately $5.94 million. Institutional investors collectively own 38.22% of ET.
• Analyst sentiment remains favorable: ET has a consensus “Moderate Buy” rating and an average price target of $23.92, with several firms recently raising their targets to $24–$25.
• Energy Transfer reported quarterly EPS of $0.59, exceeding estimates of $0.38, while revenue rose 78.4% year over year. The company also pays a quarterly dividend of $0.34, representing an annualized yield of about 6.5%.

AlTi Global Inc. grew its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 374.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,454 shares of the pipeline company's stock after acquiring an additional 244,996 shares during the period. AlTi Global Inc.'s holdings in Energy Transfer were worth $5,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its position in Energy Transfer by 41.6% during the 4th quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company's stock worth $1,423,256,000 after purchasing an additional 25,366,594 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Energy Transfer by 8.0% in 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 buying an additional 6,192,066 shares during the period. Invesco Ltd. lifted its holdings in shares of Energy Transfer by 3.2% in the 3rd 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 during the period. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Energy Transfer by 0.3% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 38,675,828 shares of the pipeline company's stock worth $637,764,000 after buying an additional 103,245 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Energy Transfer by 5.7% in the first quarter. Bank of America Corp DE now owns 30,956,358 shares of the pipeline company's stock worth $597,458,000 after buying an additional 1,656,609 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 target price (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. TD Cowen reissued a "buy" rating and issued a $25.00 price target (up from $24.00) on shares of Energy Transfer in a report on Monday, August 10th. Citigroup restated a "buy" rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research report on Friday, August 7th. Scotiabank reaffirmed an "outperform" rating on shares of Energy Transfer in a research note on Tuesday, May 12th. Finally, Truist Financial lifted their target price on shares of Energy Transfer from $23.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.92.

Energy Transfer News Summary

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

Energy Transfer Price Performance

NYSE:ET opened at $21.02 on Friday. 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 stock's 50-day moving average price is $19.76 and its 200-day moving average price is $19.32. The stock has a market capitalization of $72.39 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55.

Energy Transfer (NYSE:ET - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.21. The company had revenue of $34.33 billion during the quarter, compared to analysts' expectations of $27.71 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%.Energy Transfer's quarterly revenue was up 78.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, equities analysts expect that Energy Transfer LP will post 1.63 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 6.5%. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date is Friday, August 7th. Energy Transfer's dividend payout ratio (DPR) is presently 92.52%.

Insider Activity at Energy Transfer

In other Energy Transfer news, Director James Richard Perry bought 12,359 shares of Energy Transfer stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $20.23 per share, with a total value of $250,022.57. Following the purchase, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This represents a 6.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.28% of the stock is owned by company insiders.

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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