Energy Transfer LP $ET Stock: Alps Advisors Inc. Cuts Stake

Key Points

• Alps Advisors cut its Energy Transfer stake by 2.4% in the third quarter, selling about 2.13 million shares; it still held 84.8 million shares worth roughly $1.68 billion.
• Energy Transfer reported quarterly EPS of $0.33, below the $0.40 consensus, despite revenue of $37.1 billion topping estimates. The company raised its quarterly dividend to $0.3425 per share, a 7.2% indicated yield.
• Director Kelcy Warren bought 647,968 shares for about $13.8 million. The article also cites stronger operating metrics, including record volumes and higher full-year EBITDA guidance, alongside a $1.6 billion pipeline project investment decision.

Alps Advisors Inc. lowered its holdings in shares of Energy Transfer LP (TXSE:ET - Free Report) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 84,776,083 shares of the pipeline company's stock after selling 2,128,125 shares during the period. Energy Transfer accounts for approximately 7.4% of Alps Advisors Inc.'s holdings, making the stock its 3rd largest position. Alps Advisors Inc. owned about 2.46% of Energy Transfer worth $1,676,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arrow Investment Advisors LLC increased its position in shares of Energy Transfer by 4.9% in the second quarter. Arrow Investment Advisors LLC now owns 10,866 shares of the pipeline company's stock worth $208,000 after purchasing an additional 505 shares during the last quarter. Cypress Capital Management LLC WY raised its position in Energy Transfer by 3.9% during the second quarter. Cypress Capital Management LLC WY now owns 13,439 shares of the pipeline company's stock worth $257,000 after acquiring an additional 509 shares during the period. Argent Trust Co lifted its stake in Energy Transfer by 2.1% during the second quarter. Argent Trust Co now owns 26,035 shares of the pipeline company's stock worth $498,000 after purchasing an additional 529 shares in the last quarter. State of Wyoming increased its stake in Energy Transfer by 2.5% in the second quarter. State of Wyoming now owns 22,822 shares of the pipeline company's stock valued at $436,000 after purchasing an additional 548 shares during the period. Finally, Platform Technology Partners raised its holdings in shares of Energy Transfer by 0.8% in the third quarter. Platform Technology Partners now owns 70,225 shares of the pipeline company's stock worth $1,388,000 after acquiring an additional 549 shares during the last quarter. Institutional investors and hedge funds own 38.22% of the company's stock.

Insider Activity

In related news, Director Kelcy Warren acquired 647,968 shares of Energy Transfer stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of $21.26 per share, for a total transaction of $13,775,799.68. Following the completion of the purchase, the director directly owned 147,901,879 shares of the company's stock, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.28% of the company's stock.

More Energy Transfer News

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 Trading Down 1.4%

Shares of Energy Transfer stock opened at $18.92 on Friday. The stock has a market capitalization of $65.15 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.73 and a beta of 0.62. The company has a 50-day simple moving average of $20.60 and a 200 day simple moving average of $19.70. 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 12-month low of $16.18 and a 12-month high of $21.84.

Energy Transfer (TXSE:ET - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $37.10 billion for the quarter, compared to analyst estimates of $30.98 billion. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. During the same period in the prior year, the company earned $0.28 EPS. Research analysts expect that Energy Transfer LP will post 1.73 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.3425 per share. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from Energy Transfer's previous quarterly dividend of $0.34. This represents a $1.37 annualized dividend and a yield of 7.2%. Energy Transfer's payout ratio is 90.13%.

Wall Street Analysts Forecast Growth

ET has been the subject of several research reports. Melius Research started coverage on shares of Energy Transfer in a report on Tuesday, September 22nd. They set a "hold" rating and a $25.00 price target for the company. Capital One Financial initiated coverage on shares of Energy Transfer in a research report on Tuesday, September 22nd. They issued an "overweight" rating and a $26.00 price objective for the company. Zacks Research cut Energy Transfer from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating and set a $25.00 price target on shares of Energy Transfer in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Energy Transfer from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.80.

About Energy Transfer

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.

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