Procyon Advisors LLC Buys Shares of 131,985 Energy Transfer LP $ET

Procyon Advisors LLC purchased a new position in shares of Energy Transfer LP (NYSE:ET) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 131,985 shares of the pipeline company’s stock, valued at approximately $2,176,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ET. Financial Life Planners bought a new stake in shares of Energy Transfer in the 3rd quarter valued at $34,000. Core Alternative Capital bought a new position in Energy Transfer during the third quarter worth $46,000. Global Wealth Strategies & Associates raised its stake in Energy Transfer by 196.4% during the fourth quarter. Global Wealth Strategies & Associates now owns 2,964 shares of the pipeline company’s stock worth $49,000 after buying an additional 1,964 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in Energy Transfer in the second quarter valued at $50,000. Finally, Golden State Wealth Management LLC lifted its holdings in Energy Transfer by 38.9% in the third quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock valued at $50,000 after buying an additional 817 shares during the period. Institutional investors and hedge funds own 38.22% of the company’s stock.

Wall Street Analysts Forecast Growth

ET has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Monday, November 24th. TD Cowen boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group restated a “hold” rating on shares of Energy Transfer in a research report on Wednesday, February 18th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Energy Transfer in a report on Wednesday, December 24th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Energy Transfer presently has an average rating of “Moderate Buy” and an average price target of $21.60.

Energy Transfer News Summary

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

• Positive Sentiment: Raymond James added Energy Transfer to its Analyst Current Favorites list, signaling a favorable outlook from a major broker and providing a near-term catalyst for investor interest. Raymond James Sees Attractive Outlook for Energy Transfer (ET), Adds to Favorites
• Positive Sentiment: Unusual options flow: about 96,837 call options traded — roughly a 99% jump vs. typical daily call volume — a bullish technical signal that can amplify upside moves if the trades reflect directional bets rather than hedges.
• Positive Sentiment: Analyst/coverage support and buy-side sentiment are building: Seeking Alpha highlights ET’s multi-year growth phase, attractive 7%+ yield, and guidance for distribution growth, reinforcing a total-return income thesis. Energy Transfer: Strong Yield Backed By Growth, Not Harvesting
• Positive Sentiment: Analysts maintain constructive ratings: ET received a consensus recommendation of “Moderate Buy”, supporting continued analyst-driven demand. Energy Transfer LP (NYSE:ET) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Market reaction context: Zacks notes ET rose as the broader market dipped, suggesting some relative-strength buying rather than a sector-wide move. Energy Transfer LP (ET) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Media coverage from The Motley Fool and other outlets includes ET among pipeline/income picks, reinforcing the income narrative but not providing new fundamental catalysts. The Iran War Means $100 Oil, and These Pipeline Stocks Are the Safest Income Play in Energy Today

Energy Transfer Trading Up 0.1%

ET opened at $18.99 on Monday. The company has a fifty day moving average price of $18.36 and a two-hundred day moving average price of $17.34. Energy Transfer LP has a 1-year low of $14.60 and a 1-year high of $19.30. The company has a market cap of $65.31 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63. 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 released its quarterly earnings data on Tuesday, February 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Analysts predict that Energy Transfer LP will post 1.46 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were issued a $0.335 dividend. The ex-dividend date was Friday, February 6th. This is an increase from Energy Transfer’s previous quarterly dividend of $0.33. This represents a $1.34 annualized dividend and a yield of 7.1%. Energy Transfer’s dividend payout ratio is currently 110.74%.

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.