Rep. Virginia Foxx Sells Off Shares of Energy Transfer LP (NYSE:ET)

Representative Virginia Foxx (R-North Carolina) recently sold shares of Energy Transfer LP NYSE: ET. In a filing disclosed on July 03rd, the Representative disclosed that they had sold between $15,001 and $50,000 in Energy Transfer stock on June 24th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 6/30/2025.
• Sold $1,001 - $15,000 in shares of Bristol Myers Squibb NYSE: BMY on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 5/20/2025.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 5/15/2025.

Energy Transfer Trading Up 0.5%

Shares of Energy Transfer stock traded up $0.10 during midday trading on Thursday, reaching $17.54. 9,656,061 shares of the company's stock traded hands, compared to its average volume of 15,682,388. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.92 and a current ratio of 1.12. The company has a market cap of $60.18 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.79. The stock has a 50 day moving average of $17.82 and a 200-day moving average of $18.37. Energy Transfer LP has a 12 month low of $14.60 and a 12 month high of $21.45.

Energy Transfer (NYSE:ET - Get Free Report) last announced its earnings results on Tuesday, May 6th. The pipeline company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a return on equity of 11.47% and a net margin of 5.88%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, equities analysts expect that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a $0.3275 dividend. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.31 annualized dividend and a dividend yield of 7.47%. Energy Transfer's dividend payout ratio (DPR) is currently 99.24%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. Citigroup reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Monday, March 24th. Cowen assumed coverage on Energy Transfer in a research report on Monday, July 7th. They set a "buy" rating for the company. TD Cowen assumed coverage on Energy Transfer in a research report on Monday, July 7th. They set a "buy" rating and a $22.00 price objective for the company. Finally, Mizuho upped their price objective on Energy Transfer from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Energy Transfer currently has an average rating of "Moderate Buy" and an average price target of $22.58.

Insider Activity

In related news, Director James Richard Perry sold 1,369 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $18.48, for a total transaction of $25,299.12. Following the sale, the director directly owned 24,523 shares of the company's stock, valued at approximately $453,185.04. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energy Transfer

Institutional investors have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new position in Energy Transfer during the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in Energy Transfer in the fourth quarter worth $26,000. Fourth Dimension Wealth LLC purchased a new position in shares of Energy Transfer in the fourth quarter worth $29,000. Ryan Investment Management Inc. purchased a new position in shares of Energy Transfer in the second quarter worth $31,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Energy Transfer during the first quarter worth $33,000. Institutional investors own 38.22% of the company's stock.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027. Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

About Energy Transfer

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.

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