Energy Transfer (NYSE:ET) Stock Acquired Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently bought shares of Energy Transfer LP (NYSE:ET). In a filing disclosed on March 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Energy Transfer stock on February 19th.

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

• Purchased $1,001 – $15,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 2/14/2025.
• Sold $15,001 – $50,000 in shares of Energy Transfer (NYSE:ET) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Via Renewables (NASDAQ:VIASP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of FLEX LNG (NYSE:FLNG) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Pembina Pipeline (NYSE:PBA) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Bristol-Myers Squibb (NYSE:BMY) on 12/6/2024.

Energy Transfer Trading Down 1.1 %

Shares of NYSE:ET traded down $0.21 during midday trading on Thursday, hitting $17.99. The company had a trading volume of 10,173,399 shares, compared to its average volume of 17,176,473. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.64 and a beta of 1.69. Energy Transfer LP has a 12 month low of $14.87 and a 12 month high of $21.45. The firm has a fifty day simple moving average of $19.87 and a 200 day simple moving average of $18.08. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET) last released its quarterly earnings data on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. On average, analysts predict that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Friday, February 7th were paid a $0.325 dividend. The ex-dividend date was Friday, February 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.32. This represents a $1.30 dividend on an annualized basis and a yield of 7.23%. Energy Transfer’s dividend payout ratio (DPR) is presently 101.56%.

Institutional Trading of Energy Transfer

A number of hedge funds have recently made changes to their positions in the company. Pinnacle Associates Ltd. boosted its position in Energy Transfer by 21.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 46,642 shares of the pipeline company’s stock worth $749,000 after buying an additional 8,117 shares during the period. US Bancorp DE grew its stake in shares of Energy Transfer by 3.4% in the third quarter. US Bancorp DE now owns 143,800 shares of the pipeline company’s stock worth $2,308,000 after purchasing an additional 4,723 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Energy Transfer by 10.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 12,410 shares of the pipeline company’s stock worth $199,000 after purchasing an additional 1,200 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in Energy Transfer by 100.7% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 88,351 shares of the pipeline company’s stock worth $1,418,000 after buying an additional 44,338 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Energy Transfer by 1,884.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 33,544 shares of the pipeline company’s stock valued at $538,000 after buying an additional 31,854 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ET has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price target on Energy Transfer from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus increased their target price on shares of Energy Transfer from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Barclays raised their price target on Energy Transfer from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their price objective on shares of Energy Transfer from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research note on Tuesday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.55.

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.

Energy Transfer Company Profile

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.