Energy Transfer LP $ET Stock Sold by General American Investors Co. Inc.

General American Investors Co. Inc. lowered its position in shares of Energy Transfer LP (TXSE:ET) by 19.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,565 shares of the pipeline company’s stock after selling 194,465 shares during the quarter. General American Investors Co. Inc.’s holdings in Energy Transfer were worth $16,321,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. SeedSafe Financial LLC raised its holdings in shares of Energy Transfer by 36.1% in the 3rd quarter. SeedSafe Financial LLC now owns 32,824 shares of the pipeline company’s stock worth $649,000 after purchasing an additional 8,700 shares in the last quarter. Arrow Investment Advisors LLC boosted its holdings in Energy Transfer by 17.5% during the third quarter. Arrow Investment Advisors LLC now owns 12,766 shares of the pipeline company’s stock worth $252,000 after buying an additional 1,900 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Energy Transfer by 6.0% during the third quarter. Calamos Advisors LLC now owns 244,843 shares of the pipeline company’s stock worth $4,841,000 after buying an additional 13,853 shares in the last quarter. Quadcap Wealth Management LLC boosted its holdings in Energy Transfer by 4.6% during the third quarter. Quadcap Wealth Management LLC now owns 16,812 shares of the pipeline company’s stock worth $332,000 after buying an additional 740 shares in the last quarter. Finally, Platform Technology Partners grew its position in Energy Transfer by 0.8% in the third quarter. Platform Technology Partners now owns 70,225 shares of the pipeline company’s stock worth $1,388,000 after buying an additional 549 shares during the last quarter. 38.22% of the stock is owned by institutional investors and hedge funds.

Key Energy Transfer News

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

• Positive Sentiment: Citigroup raised its price target to $25 from $24 and maintained a Buy rating, implying substantial upside from the reported $18.92 share price. Citigroup rating
• Positive Sentiment: Recent analysis highlighted stronger Q3 operating performance, including EBITDA growth, record volumes, and raised full-year EBITDA guidance of $19.7–$19.9 billion. The company’s pipeline projects and fee-based growth plans could add to future earnings. Q3 results and outlook
• Positive Sentiment: Energy Transfer reached a final investment decision on a $1.6 billion South Mississippi pipeline, a long-term infrastructure project that may expand its growth opportunities. South Mississippi pipeline
• Neutral Sentiment: The partnership priced $2.7 billion of senior notes, with maturities from 2032 to 2057 and coupons of 5.45% to 6.55%. The proceeds can support financing needs, but the borrowing adds long-term interest obligations. Senior notes offering
• Negative Sentiment: Despite strong operating metrics, Energy Transfer missed analysts’ Q3 EPS estimate, a potential concern for investors focused on per-share results. Broader market volatility and interest-rate uncertainty may also pressure sentiment. Analysis of earnings miss

Insider Activity

In related news, Director Kelcy Warren bought 647,968 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $21.26 per share, for a total transaction of $13,775,799.68. Following the transaction, the director owned 147,901,879 shares of the company’s stock, valued at $3,144,393,947.54. This represents a 0.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.28% of the company’s stock.

Analyst Upgrades and Downgrades

ET has been the topic of several research reports. Citigroup upped their price target on Energy Transfer from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 price target on shares of Energy Transfer in a research report on Wednesday. TD Cowen reiterated a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of Energy Transfer in a research report on Monday, August 10th. Zacks Research cut Energy Transfer from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Barclays restated an “overweight” rating and set a $24.00 price target (up from $23.00) on shares of Energy Transfer in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.80.

Energy Transfer Stock Performance

The firm has a market capitalization of $65.15 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.73 and a beta of 0.62. Energy Transfer LP has a 12-month low of $16.18 and a 12-month high of $21.84. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $20.60 and its two-hundred day moving average price is $19.70.

Energy Transfer (TXSE:ET) last issued its quarterly earnings results on Tuesday, November 3rd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07). Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The firm had revenue of $37.10 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period last year, the company earned $0.28 EPS. As a group, sell-side analysts forecast that Energy Transfer LP will post 1.73 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.3425 per share. This represents a $1.37 dividend on an annualized basis and a yield of 7.2%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. Energy Transfer’s dividend payout ratio (DPR) is 90.13%.

Energy Transfer 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.