Callodine Capital Management LP Acquires 335,000 Shares of Energy Transfer LP $ET

Callodine Capital Management LP raised its holdings in shares of Energy Transfer LP (NYSE:ET) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,370,000 shares of the pipeline company’s stock after buying an additional 335,000 shares during the quarter. Energy Transfer comprises 2.1% of Callodine Capital Management LP’s investment portfolio, making the stock its 21st largest holding. Callodine Capital Management LP’s holdings in Energy Transfer were worth $23,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ET. Quantum Private Wealth LLC increased its position in Energy Transfer by 0.5% during the second quarter. Quantum Private Wealth LLC now owns 116,515 shares of the pipeline company’s stock worth $2,112,000 after acquiring an additional 627 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Energy Transfer by 3.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 19,018 shares of the pipeline company’s stock valued at $321,000 after purchasing an additional 628 shares during the period. Magnus Financial Group LLC grew its position in Energy Transfer by 2.0% in the 3rd quarter. Magnus Financial Group LLC now owns 31,430 shares of the pipeline company’s stock worth $539,000 after purchasing an additional 629 shares during the last quarter. Perigon Wealth Management LLC grew its position in Energy Transfer by 1.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 39,585 shares of the pipeline company’s stock worth $679,000 after purchasing an additional 644 shares during the last quarter. Finally, Veracity Capital LLC increased its holdings in shares of Energy Transfer by 1.9% during the 3rd quarter. Veracity Capital LLC now owns 36,791 shares of the pipeline company’s stock worth $631,000 after purchasing an additional 689 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Key Stories Impacting Energy Transfer

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

• Positive Sentiment: Wells Fargo raised its price target to $25 and moved ET to an “overweight” rating, implying roughly 33% upside from current levels — a clear catalyst for buying interest. Article Title
• Positive Sentiment: Morgan Stanley increased its price target to $21, reinforcing the analyst-driven bid into the stock. Article Title
• Positive Sentiment: Market reports note ET is trading up following analyst upgrades, reflecting immediate buying flow tied to the research calls. Article Title
• Positive Sentiment: Macro energy news — oil futures spiking toward $100 on Iran/Strait of Hormuz tensions — is lifting midstream names and ETF interest, which benefits ET’s fee-based transport and storage business. 4 ETFs That Are Worth Buying For $100 Oil
• Positive Sentiment: Investor pieces highlighting ET as a reliable dividend stock and a high-yield pipeline pick are supporting longer-term demand from income-focused buyers. Stock Market Crash: The Best Dividend Stocks to Buy Right Now
• Positive Sentiment: Additional retail coverage lists ET among high-yield pipeline names to buy and hold, reinforcing the narrative of stable cash flow and distribution support. 3 High-Yield Pipeline Stocks to Buy Now and Hold Forever
• Neutral Sentiment: News wires and market summaries reporting recent intraday gains provide confirmation of the move but add little new fundamental information. Article Title
• Neutral Sentiment: Coverage weighing dividend yield scenarios and geopolitical comments from the White House highlights uncertainty about how policy shifts could swing oil and midstream sentiment. Article Title
• Negative Sentiment: The planned U.S. Strategic Petroleum Reserve release (172M barrels) is a potential headwind for oil prices; lower crude could reduce short-term volumes or margin pressure for some midstream segments even though past SPR actions sometimes benefited ET. Monitor how the SPR and supply flows evolve. Prediction: One Surprise Winner Emerges as Strategic Reserves Are Released

Energy Transfer Trading Up 1.2%

ET stock opened at $18.78 on Friday. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $19.30. The firm has a market cap of $64.59 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.01 and a beta of 0.63. The business’s 50 day moving average is $18.13 and its 200-day moving average is $17.30. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, February 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.09). The company had revenue of $25.32 billion for the quarter, compared to the consensus estimate of $23.56 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.Energy Transfer’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. Equities analysts anticipate that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Friday, February 6th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.1%. Energy Transfer’s dividend payout ratio (DPR) is 110.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ET shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Energy Transfer in a research report on Wednesday, February 18th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a research note on Friday, January 16th. Morgan Stanley upped their price target on Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group reiterated a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Finally, TD Cowen lifted their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.60.

About Energy Transfer

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.