Kelleher Financial Advisors boosted its holdings in shares of Energy Transfer LP (TXSE:ET – Free Report) by 98.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,845 shares of the pipeline company’s stock after purchasing an additional 43,149 shares during the period. Kelleher Financial Advisors’ holdings in Energy Transfer were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in ET. Osbon Capital Management LLC purchased a new stake in shares of Energy Transfer in the second quarter worth about $25,000. Sawyer & Company Inc acquired a new stake in Energy Transfer during the third quarter worth about $30,000. Cassaday & Co Wealth Management LLC purchased a new position in Energy Transfer during the first quarter valued at approximately $35,000. Bullseye Investment Management LLC purchased a new position in Energy Transfer during the second quarter valued at approximately $42,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Energy Transfer in the second quarter valued at approximately $42,000. 38.22% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on ET. Citigroup restated a “buy” rating and issued a $24.00 price objective (up from $23.00) on shares of Energy Transfer in a research report on Friday, August 7th. Weiss Ratings raised shares of Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, September 8th. Mizuho set a $26.00 target price on shares of Energy Transfer in a research note on Tuesday, October 13th. JPMorgan Chase & Co. increased their price target on shares of Energy Transfer from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Finally, Morgan Stanley increased their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Energy Transfer presently has a consensus rating of “Moderate Buy” and an average price target of $24.73.
View Our Latest Report on Energy Transfer
Insider Activity at Energy Transfer
In other Energy Transfer news, Director Kelcy L. Warren bought 647,968 shares of the stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the purchase, the director directly owned 147,901,879 shares in the company, valued at $3,144,393,947.54. This trade represents a 0.44% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James Perry bought 12,359 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $20.23 per share, with a total value of $250,022.57. Following the acquisition, the director directly owned 208,046 shares of the company’s stock, valued at approximately $4,208,770.58. This represents a 6.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 1,012,359 shares of company stock valued at $21,513,543 over the last quarter. 3.28% of the stock is owned by company insiders.
Key Energy Transfer News
Here are the key news stories impacting Energy Transfer this week:
- Positive Sentiment: Energy Transfer raised its 2026 adjusted EBITDA outlook to $19.7–$19.9 billion, supported by record gas volumes. Third-quarter distributable cash flow increased 33% year over year to $2.52 billion, with a 48% payout ratio supporting the distribution. Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
- Positive Sentiment: Growth plans include about $7 billion in 2027 capital spending, a $1.6 billion South Mississippi natural-gas pipeline and the $2.6 billion Vaquero Midstream acquisition, positioning the partnership to serve rising gas demand from data centers and exports. ET Q3 Earnings Call Puts Gas Demand and Capital Spending in Focus
- Positive Sentiment: Jefferies raised its price target to $25, adding a favorable analyst signal. Energy Transfer PT Raised to $25 at Jefferies
- Negative Sentiment: Third-quarter earnings were $0.33 per unit, below the $0.40 consensus estimate. That shortfall may be driving the near-term selling, even though revenue of $37.1 billion exceeded estimates of $30.98 billion. Energy Transfer Q3 Earnings Miss Estimates Despite Record Gas Volumes
Energy Transfer Price Performance
Shares of TXSE ET opened at $19.46 on Thursday. The firm has a market cap of $67.01 billion, a PE ratio of 13.24, a PEG ratio of 0.73 and a beta of 0.62. The firm has a fifty day moving average of $20.70 and a 200 day moving average of $19.69. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 1.16. Energy Transfer LP has a one year low of $16.18 and a one year high of $21.84.
Energy Transfer (TXSE:ET – Get Free Report) last announced its 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 company had revenue of $37.10 billion during the quarter, compared to analyst estimates of $30.98 billion. During the same quarter last year, the business earned $0.28 EPS. As a group, research analysts predict that Energy Transfer LP will post 1.73 EPS for the current fiscal year.
Energy Transfer Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Friday, November 6th will be paid a $0.3425 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.37 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, November 6th. Energy Transfer’s dividend payout ratio is presently 90.13%.
About Energy Transfer
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.
Further Reading
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