Rep. Virginia Foxx Sells Energy Transfer LP (NYSE:ET) Stock

Representative Virginia Foxx (R-North Carolina) recently sold shares of Energy Transfer LP NYSE: ET. In a filing disclosed on April 04th, the Representative disclosed that they had sold between $50,001 and $100,000 in Energy Transfer stock on March 7th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 3/7/2025.
• Sold $50,001 - $100,000 in shares of Pembina Pipeline NYSE: PBA on 3/7/2025.
• Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 3/5/2025.
• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 2/19/2025.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 2/14/2025.

Energy Transfer Stock Up 1.4 %

Shares of NYSE:ET traded up $0.22 during midday trading on Friday, reaching $16.13. The company had a trading volume of 18,371,905 shares, compared to its average volume of 15,262,446. Energy Transfer LP has a one year low of $14.60 and a one year high of $21.45. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.12 and a quick ratio of 0.88. The stock has a market capitalization of $55.33 billion, a P/E ratio of 12.60, a PEG ratio of 0.64 and a beta of 1.32. The stock's fifty day moving average price is $18.55 and its 200-day moving average price is $18.42.

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Energy Transfer (NYSE:ET - Get Free Report) last released its earnings results on Tuesday, February 11th. The pipeline company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.06). Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Equities research analysts expect that Energy Transfer LP will post 1.46 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Friday, February 7th were given a dividend of $0.325 per share. The ex-dividend date was Friday, February 7th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.06%. This is an increase from Energy Transfer's previous quarterly dividend of $0.32. Energy Transfer's dividend payout ratio (DPR) is presently 101.56%.

Institutional Trading of Energy Transfer

Several hedge funds have recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Energy Transfer in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of Energy Transfer during the fourth quarter worth approximately $26,000. GAMMA Investing LLC bought a new position in Energy Transfer in the 4th quarter worth approximately $29,000. Fourth Dimension Wealth LLC acquired a new stake in Energy Transfer in the 4th quarter valued at approximately $29,000. Finally, United Community Bank bought a new stake in Energy Transfer during the 4th quarter valued at $35,000. 38.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ET. The Goldman Sachs Group upped their price objective on Energy Transfer from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Morgan Stanley raised their price objective on Energy Transfer from $20.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Barclays boosted their target price on shares of Energy Transfer from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Energy Transfer in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.09.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2027. Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

Energy Transfer Company Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.