Geneos Wealth Management Inc. Cuts Stock Position in Energy Transfer LP $ET

Key Points

• Geneos Wealth Management cut its stake in Energy Transfer by 79.1% in Q4, selling 85,341 shares and retaining 22,539 shares worth $372,000 at quarter-end.
• Energy Transfer raised its quarterly distribution to $0.3375 per unit (annualized $1.35), implying roughly a 7% yield
• Analysts rate ET a consensus "Moderate Buy" with a consensus price target of $21.60, and several firms have recently initiated/raised ratings and targets (e.g., Truist $23 buy, Wells Fargo $25 overweight).

Geneos Wealth Management Inc. cut its holdings in Energy Transfer LP (NYSE:ET - Free Report) by 79.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,539 shares of the pipeline company's stock after selling 85,341 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Energy Transfer were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mountain Capital Investment Advisors Inc. grew its holdings in shares of Energy Transfer by 4.9% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 12,007 shares of the pipeline company's stock valued at $216,000 after purchasing an additional 560 shares in the last quarter. SP Asset Management LLC grew its holdings in shares of Energy Transfer by 2.0% in the fourth quarter. SP Asset Management LLC now owns 30,631 shares of the pipeline company's stock valued at $505,000 after purchasing an additional 589 shares in the last quarter. Fiduciary Financial Group LLC grew its holdings in shares of Energy Transfer by 2.2% in the fourth quarter. Fiduciary Financial Group LLC now owns 28,106 shares of the pipeline company's stock valued at $463,000 after purchasing an additional 607 shares in the last quarter. Howard Financial Services LTD. grew its holdings in shares of Energy Transfer by 0.3% in the fourth quarter. Howard Financial Services LTD. now owns 188,175 shares of the pipeline company's stock valued at $3,103,000 after purchasing an additional 623 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in shares of Energy Transfer by 3.4% in the third quarter. HBK Sorce Advisory LLC now owns 19,018 shares of the pipeline company's stock valued at $321,000 after purchasing an additional 628 shares in the last quarter. 38.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ET has been the subject of a number of recent research reports. Truist Financial initiated coverage on shares of Energy Transfer in a report on Tuesday, March 24th. They issued a "buy" rating and a $23.00 target price for the company. TD Cowen raised their target price on shares of Energy Transfer from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, February 18th. Scotiabank reissued an "outperform" rating on shares of Energy Transfer in a report on Friday, January 16th. Jefferies Financial Group restated a "hold" rating on shares of Energy Transfer in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company raised their price target on Energy Transfer from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, March 13th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.60.

Energy Transfer News Roundup

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

• Positive Sentiment: Energy Transfer announced a quarterly cash distribution increase to $0.3375 per unit (annualized $1.35), raising the payout ~0.7% vs. the prior quarter and implying a ~7.1% yield — a clear income catalyst that supports demand for the units. Energy Transfer Announces Increase in Quarterly Cash Distribution
• Positive Sentiment: Analyst/retail commentary is framing ET as a reliable pipeline/income play (included among pipeline stock picks), which can attract yield‑seeking flows and support multiples. 3 Pipeline Stocks to Buy in April
• Positive Sentiment: Longer‑term bullish narratives (dividend recovery since 2020) are resurfacing in retail commentary, which can reinforce buy‑and‑hold interest from income investors. Energy Transfer in 10 Years: What the Long-Term Bull Case Actually Looks Like
• Neutral Sentiment: Online attention and search activity around ET have spiked (Zacks/Yahoo pieces noting heavy searches), which raises trading volume and intraday volatility but is not a fundamental change by itself. Investors Heavily Search Energy Transfer LP (ET): Here is What You Need to Know
• Neutral Sentiment: Valuation reviews and performance roundups are keeping ET on investors’ radars (some analyses highlight strong multi‑year returns but mixed short‑term moves), which can support debate around buys/sells but doesn’t change cash flow fundamentals immediately. Assessing Energy Transfer (ET) Valuation After Strong Multi Year Return Performance
• Neutral Sentiment: Market headlines noting ET “increases despite market slip” highlight the stock’s resilience today, reflecting the combined effect of the payout news and heightened attention rather than a new operational development. Energy Transfer LP (ET) Increases Despite Market Slip: Here's What You Need to Know

Energy Transfer Stock Up 1.9%

Shares of ET opened at $19.42 on Wednesday. The company has a market cap of $66.79 billion, a PE ratio of 16.05, a P/E/G ratio of 1.05 and a beta of 0.62. The business has a fifty day moving average of $18.95 and a 200 day moving average of $17.70. Energy Transfer LP has a 52-week low of $15.80 and a 52-week high of $19.85. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) 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 the consensus estimate of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.The firm's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts expect that Energy Transfer LP will post 1.5 EPS for the current 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 $0.3375 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Friday, May 8th. Energy Transfer's dividend payout ratio is 110.74%.

Energy Transfer Company 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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