Energy Transfer Plans Primary Listing Move to Texas Stock Exchange
ET sits 34% above its 52-week low of $16.18.
Summary
Energy Transfer is preparing to shift its primary listing to the Texas Stock Exchange, according to WSJ. The move follows the company's July redomiciliation to Texas and comes amid strong operational momentum—Q2 net income up 80% and a recent $21.3M insider buy by Kelcy Warren near the 52-week high. A primary listing change could affect index inclusion, liquidity, and investor access, though the Texas Stock Exchange is still establishing itself. No timeline or regulatory hurdles were disclosed.
At the time of this announcement, ET was trading at $21.69 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $74.7B. The 52-week trading range was $16.18 to $21.77. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.