Kayne Anderson Capital Advisors LP Reduces Stock Holdings in Energy Transfer LP $ET

Kayne Anderson Capital Advisors LP cut its stake in Energy Transfer LP (NYSE:ET) by 1.7% during the second quarter, HoldingsChannel reports. The fund owned 24,166,229 shares of the pipeline company’s stock after selling 416,091 shares during the quarter. Energy Transfer comprises about 9.1% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 3rd largest position. Kayne Anderson Capital Advisors LP’s holdings in Energy Transfer were worth $462,058,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Morgan Stanley lifted its stake in shares of Energy Transfer by 41.6% during the 4th quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock worth $1,423,256,000 after purchasing an additional 25,366,594 shares during the last quarter. Alps Advisors Inc. grew its stake in Energy Transfer by 8.0% in the fourth quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock valued at $1,382,573,000 after purchasing an additional 6,192,066 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in Energy Transfer in the first quarter worth about $61,760,000. SCS Capital Management LLC raised its holdings in Energy Transfer by 1,859.8% in the second quarter. SCS Capital Management LLC now owns 1,942,908 shares of the pipeline company’s stock worth $37,148,000 after purchasing an additional 1,843,771 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock valued at $992,923,000 after buying an additional 1,773,042 shares during the last quarter. 38.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays reissued an “overweight” rating and set a $24.00 target price (up from $23.00) on shares of Energy Transfer in a research report on Wednesday, August 5th. Truist Financial lifted their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 price target (up from $21.00) on shares of Energy Transfer in a research report on Tuesday, July 21st. Wall Street Zen upgraded Energy Transfer from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Morgan Stanley raised their price objective on Energy Transfer from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.08.

Insider Transactions at Energy Transfer

In other news, Director James Richard Perry acquired 12,359 shares of Energy Transfer stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $20.23 per share, for a total transaction of $250,022.57. Following the completion of the purchase, the director directly owned 208,046 shares in the company, valued at $4,208,770.58. This trade represents a 6.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelcy L. Warren acquired 647,968 shares of Energy Transfer stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the purchase, the director owned 147,901,879 shares of the company’s stock, valued at approximately $3,144,393,947.54. The trade was a 0.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 1,012,359 shares of company stock worth $21,513,543 over the last three months. Corporate insiders own 3.28% of the company’s stock.

More Energy Transfer News

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

• Positive Sentiment: Director Kelcy L. Warren purchased a combined 1,000,000 shares of Energy Transfer on August 18 and 19 for approximately $21.3 million. The purchases increased his ownership by roughly 0.68% and bring his holdings to nearly 147.9 million shares, signaling substantial insider confidence. SEC insider ownership filing
• Positive Sentiment: A bullish investment article highlighted Energy Transfer’s 6.3% yield, 32% year-over-year growth in partner-attributable distributable cash flow, 49% first-half conventional free-cash-flow growth and distribution coverage above 2.2 times. The company also raised 2026 EBITDA guidance to $18.8 billion-$19.1 billion, supporting the outlook for income and cash-flow growth. Energy Transfer: Strong Buy With A Path To 7% Yield On Cost
• Positive Sentiment: An analyst upgrade helped propel ET to a new one-year high, reinforcing the recent bullish momentum around the midstream operator. Energy Transfer Reaches New 1-Year High After Analyst Upgrade
• Neutral Sentiment: Commentary remains broadly favorable toward Energy Transfer as a diversified, fee-based pipeline operator with more than 125,000 miles of infrastructure and a substantial contracted project backlog. However, some valuation reviews describe the shares as attractive on traditional multiples but less compelling under broader valuation checks. Energy Transfer Stock Looks Reasonable On Earnings But Stretched On Broader Checks
• Negative Sentiment: Cooler U.S. weather forecasts pressured natural-gas prices by potentially reducing electricity demand for air conditioning. While Energy Transfer’s largely fee-based model limits direct commodity exposure, weaker gas prices can still affect sentiment toward the sector and certain growth opportunities. Cooler US Weather Forecasts Weigh on Nat-Gas Prices

Energy Transfer Stock Performance

Shares of Energy Transfer stock opened at $21.18 on Friday. The firm’s 50 day simple moving average is $19.93 and its two-hundred day simple moving average is $19.41. The firm has a market capitalization of $72.93 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.75 and a beta of 0.55. Energy Transfer LP has a 12-month low of $16.18 and a 12-month high of $21.64. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45.

Energy Transfer (NYSE:ET) last posted its quarterly earnings data on Tuesday, August 4th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.38 by $0.21. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The business had revenue of $34.33 billion during the quarter, compared to the consensus estimate of $27.71 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 78.4% compared to the same quarter last year. Analysts predict that Energy Transfer LP will post 1.63 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 6.4%. The ex-dividend date was Friday, August 7th. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio (DPR) is presently 92.52%.

Energy Transfer Profile

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.