Energy Transfer LP $ET Stock: Axxcess Wealth Management LLC Trims Holdings

Key Points

• Axxcess Wealth Management cut its Energy Transfer position by 79% in the third quarter, selling 106,431 shares and retaining 28,230 shares valued at approximately $558,000. Institutional investors collectively own 38.22% of the company.
• Despite the institutional sale, Energy Transfer insiders bought 1.01 million shares worth about $21.5 million over the past 90 days, including major purchases by directors Kelcy Warren and James Perry.
• Energy Transfer raised its quarterly distribution to $0.3425 per unit, or $1.37 annualized, equating to roughly a 6.7% yield. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $24.60 versus the stock’s reported $20.45 price.

Axxcess Wealth Management LLC lessened its position in Energy Transfer LP (NYSEAMERICAN:ET - Free Report) by 79.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,230 shares of the pipeline company's stock after selling 106,431 shares during the period. Axxcess Wealth Management LLC's holdings in Energy Transfer were worth $558,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Summit Securities Group LLC grew its position in Energy Transfer by 179.0% during the 1st quarter. Summit Securities Group LLC now owns 162,100 shares of the pipeline company's stock worth $3,129,000 after acquiring an additional 104,000 shares during the last quarter. North Star Investment Management Corp. increased its holdings in Energy Transfer by 39.0% during the 1st quarter. North Star Investment Management Corp. now owns 224,439 shares of the pipeline company's stock valued at $4,332,000 after purchasing an additional 62,916 shares in the last quarter. Sanctuary Advisors LLC raised its position in Energy Transfer by 15.8% in the 1st quarter. Sanctuary Advisors LLC now owns 1,888,661 shares of the pipeline company's stock valued at $36,451,000 after purchasing an additional 257,954 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in Energy Transfer in the 1st quarter valued at $61,760,000. Finally, Independent Financial Group LLC bought a new position in Energy Transfer in the 1st quarter valued at $2,170,000. Institutional investors own 38.22% of the company's stock.

Insider Buying and Selling at Energy Transfer

In other news, Director Kelcy Warren acquired 647,968 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were purchased at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the acquisition, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. This represents a 0.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Perry acquired 12,359 shares of the firm's stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the acquisition, the director owned 208,046 shares in the company, valued at approximately $4,208,770.58. This represents a 6.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 1,012,359 shares of company stock valued at $21,513,543 over the last 90 days. 3.28% of the stock is currently owned by corporate insiders.

Energy Transfer Price Performance

ET stock opened at $20.45 on Monday. Energy Transfer LP has a fifty-two week low of $16.18 and a fifty-two week high of $21.84. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 0.94. The business has a 50-day moving average of $20.82 and a 200-day moving average of $20.06. The stock has a market capitalization of $70.42 billion, a P/E ratio of 13.91 and a beta of 0.60.

Energy Transfer (NYSEAMERICAN:ET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was up 78.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, sell-side analysts anticipate that Energy Transfer LP will post 1.73 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Friday, November 6th will be paid a $0.3425 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. This represents a $1.37 annualized dividend and a yield of 6.7%. Energy Transfer's dividend payout ratio is presently 92.52%.

Key Headlines Impacting Energy Transfer

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

• Positive Sentiment: Energy Transfer raised its quarterly common-unit distribution to $0.3425, or $1.37 annualized, representing a 0.7% increase and approximately a 6.8% yield. The company described it as its 20th consecutive quarterly increase, reinforcing the stock’s appeal to income investors. The distribution is payable November 19 to holders of record November 6. Energy Transfer Announces Twentieth Consecutive Increase in Quarterly Cash Distribution
• Positive Sentiment: Scotiabank raised its Energy Transfer EPS forecasts slightly to $1.66 for fiscal 2026 and $1.74 for fiscal 2027. The 2027 estimate is above the prior $1.65 forecast and broadly supports the view that the company’s midstream operations can continue generating steady earnings. Scotiabank Raises Energy Transfer Earnings Estimates
• Positive Sentiment: Several articles frame ET as a long-term value and income investment, highlighting its large pipeline network, recurring cash flows, attractive yield and history of distribution growth. These themes likely contribute to increased investor interest in the stock. Why Energy Transfer Is a Top Value Stock for the Long Term
• Neutral Sentiment: Energy Transfer also announced a $0.2111 quarterly distribution on its Series I preferred units. The payment is positive for preferred holders but has limited direct impact on ET common-unit valuation. Energy Transfer Announces Cash Distribution on Series I Preferred Units
• Negative Sentiment: Commentary cautions that ET’s high yield may not be risk-free. Investors should monitor debt levels, capital spending and distributable cash-flow coverage, while tax treatment can also reduce the effective income for some retirement-account investors. Pipeline Stocks Keep Paying Big Dividends: Here’s the Risk Beneath the Surface

Analysts Set New Price Targets

A number of research firms have commented on ET. Barclays reissued an "overweight" rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research note on Wednesday, August 5th. Jefferies Financial Group restated a "buy" rating on shares of Energy Transfer in a research report on Wednesday, August 5th. Morgan Stanley upped their price target on Energy Transfer from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 18th. Truist Financial increased their price target on Energy Transfer from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, Melius Research assumed coverage on Energy Transfer in a report on Tuesday, September 22nd. They set a "hold" rating and a $25.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.60.

Energy Transfer Company Profile

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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