Oppenheimer & Co. Inc. Lowers Position in Energy Transfer LP $ET

Key Points

• Oppenheimer & Co. Inc. cut its stake in Energy Transfer by 49.8% in Q4, selling 472,139 shares and leaving 475,693 shares valued at $7.84 million.
• Energy Transfer raised its quarterly dividend to $0.3375 (annualized $1.35) for a 6.8% yield, though the dividend payout ratio is elevated at 110.74%.
• Q4 results were mixed: EPS of $0.25 missed estimates of $0.34 while revenue beat at $25.32 billion, and analysts remain mostly positive with an average price target near $21.60 — but a U.S. natural gas glut poses a clear macro downside risk.

Oppenheimer & Co. Inc. lessened its stake in Energy Transfer LP (NYSE:ET - Free Report) by 49.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 475,693 shares of the pipeline company's stock after selling 472,139 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Energy Transfer were worth $7,844,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ET. Oppenheimer Asset Management Inc. increased its position in Energy Transfer by 1.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 189,384 shares of the pipeline company's stock worth $3,123,000 after purchasing an additional 2,023 shares during the last quarter. North Star Investment Management Corp. increased its position in Energy Transfer by 100.1% in the fourth quarter. North Star Investment Management Corp. now owns 161,523 shares of the pipeline company's stock worth $2,664,000 after purchasing an additional 80,786 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in Energy Transfer by 155.1% in the fourth quarter. Trifecta Capital Advisors LLC now owns 23,950 shares of the pipeline company's stock worth $395,000 after purchasing an additional 14,561 shares during the last quarter. Pekin Hardy Strauss Inc. increased its position in Energy Transfer by 0.5% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 459,874 shares of the pipeline company's stock worth $7,583,000 after purchasing an additional 2,412 shares during the last quarter. Finally, Chapin Davis Inc. increased its position in Energy Transfer by 9.2% in the fourth quarter. Chapin Davis Inc. now owns 112,667 shares of the pipeline company's stock worth $1,858,000 after purchasing an additional 9,514 shares during the last quarter. Hedge funds and other institutional investors own 38.22% of the company's stock.

More Energy Transfer News

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

• Positive Sentiment: US Capital Advisors raised multiple 2026–2027 EPS estimates for ET, lifting quarterly and full-year forecasts — a direct fundamental upgrade that supports higher earnings expectations and dividend sustainability.
• Positive Sentiment: Analyst/bull commentary predicts further upside for ET (a published piece argues ET could reach $25 in 2026), which can boost investor sentiment and attract momentum buying. Prediction: Energy Transfer Will Hit $25 in 2026
• Positive Sentiment: Energy Transfer appointed Jim S. Holotik to the USA Compression general partner board, strengthening governance ties with a related business and potentially smoothing coordination on compression/operations projects. USA Compression Adds Independent Director to General Partner Board
• Neutral Sentiment: Zacks / Yahoo industry pieces note conservative upstream capex is adding uncertainty for pipeline MLPs, but they list ET among survivors — this suggests resilience but also that growth could be muted until upstream activity recovers. 3 Oil Pipeline MLP Stocks to Gain Despite Industry Challenges
• Neutral Sentiment: Coverage note: a recent analyst update nudged ET’s fair value slightly higher (to ~$22.26) and highlighted mixed target moves — this creates a modest tailwind but keeps some investors cautious about near-term upside. How The Investment Story For Energy Transfer (ET) Is Shifting With New Analyst Signals
• Neutral Sentiment: Quarterly preview coverage is reminding investors to watch Q1 metrics (volumes, fee-based revenue and project execution) that will determine whether upgraded estimates hold. Energy Transfer LP (ET) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
• Negative Sentiment: Macro headwind — Reuters reports a U.S. natural gas glut while Europe/Asia scramble for LNG; domestic oversupply can force lower gas prices and takeaway constraints in some basins, a direct negative for pipeline throughput, volumes and margin recovery. While Asia and Europe scramble for natural gas, the US glut has nowhere to go

Energy Transfer Trading Down 1.1%

ET stock opened at $19.97 on Friday. 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 LP has a twelve month low of $15.80 and a twelve month high of $20.28. The stock has a market capitalization of $68.69 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.10 and a beta of 0.57. The firm's fifty day simple moving average is $18.99 and its two-hundred day simple moving average is $17.73.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data 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). Energy Transfer had a net margin of 5.11% and a return on equity of 10.17%. The firm had revenue of $25.32 billion for the quarter, compared to the consensus estimate of $23.56 billion. During the same quarter last year, the firm earned $0.29 EPS. The company's revenue was up 29.6% on a year-over-year basis. As a group, analysts anticipate that Energy Transfer LP will post 1.52 earnings per share for the current year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 6.8%. This is a positive change from Energy Transfer's previous quarterly dividend of $0.34. The ex-dividend date is Friday, May 8th. Energy Transfer's dividend payout ratio (DPR) is presently 110.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ET shares. UBS Group restated a "buy" rating on shares of Energy Transfer in a research report on Wednesday, January 7th. TD Cowen boosted their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Wells Fargo & Company boosted their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, March 13th. Morgan Stanley boosted their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 10th. Finally, Barclays restated an "overweight" rating and issued a $22.00 price target (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Energy Transfer presently has an average rating of "Moderate Buy" and an average price target 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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