Energy Transfer LP $ET Shares Acquired by M&T Bank Corp

M&T Bank Corp grew its holdings in Energy Transfer LP (NYSE:ET) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 321,471 shares of the pipeline company’s stock after buying an additional 30,430 shares during the quarter. M&T Bank Corp’s holdings in Energy Transfer were worth $5,301,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ET. CIBC Bancorp USA Inc. acquired a new position in shares of Energy Transfer in the third quarter worth $264,309,000. Alps Advisors Inc. grew its stake in shares of Energy Transfer by 4.5% in the third quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock worth $1,332,492,000 after acquiring an additional 3,366,734 shares in the last quarter. Invesco Ltd. grew its stake in shares of Energy Transfer by 3.2% in the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock worth $992,923,000 after acquiring an additional 1,773,042 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Energy Transfer by 187.1% in the fourth quarter. SG Americas Securities LLC now owns 1,940,500 shares of the pipeline company’s stock worth $31,999,000 after acquiring an additional 1,264,627 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Energy Transfer by 223.7% in the second quarter. Corient Private Wealth LLC now owns 1,690,769 shares of the pipeline company’s stock worth $30,654,000 after acquiring an additional 1,168,438 shares in the last quarter. Institutional investors and hedge funds own 38.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a research note on Friday, January 16th. Truist Financial assumed coverage on shares of Energy Transfer in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Morgan Stanley boosted their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 10th. Finally, Barclays reaffirmed an “overweight” rating and set a $22.00 price objective (down from $25.00) on shares of Energy Transfer in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Energy Transfer has a consensus rating of “Buy” and a consensus price target of $21.91.

Energy Transfer Price Performance

Energy Transfer stock opened at $19.88 on Thursday. The stock has a market cap of $68.38 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. The company has a fifty day simple moving average of $19.04 and a 200-day simple moving average of $17.80. Energy Transfer LP has a 12-month low of $16.18 and a 12-month high of $20.67. 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, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Energy Transfer had a return on equity of 9.95% and a net margin of 4.66%.Energy Transfer’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Equities analysts expect that Energy Transfer LP will post 1.52 EPS for the current fiscal year.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be given a dividend of $0.3375 per share. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.35 annualized dividend and a dividend yield of 6.8%. Energy Transfer’s dividend payout ratio is presently 112.50%.

Key Stories Impacting Energy Transfer

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

• Positive Sentiment: Management raised 2026 adjusted EBITDA guidance to $18.2–$18.6B and increased the common distribution, signaling stronger cash‑flow outlook and support for the yield. Energy Transfer (ET) Is Up 5.0% After Raising 2026 EBITDA Guidance And Distributions
• Positive Sentiment: Q1 revenue jumped ~32% to $27.77B and management cited record operating volumes — evidence that recent growth projects are feeding throughput and top‑line strength. Energy Transfer Reports First Quarter 2026 Results and Updates 2026 Financial Guidance
• Positive Sentiment: Stifel Nicolaus bumped its price target from $23 to $25 and set a “buy” rating, which implies roughly mid‑20% upside from current levels and can attract institutional demand. Benzinga
• Neutral Sentiment: Unusually large options activity — ~102,786 calls traded (up ~93% vs. avg.) — points to speculative bullish positioning and higher short‑term volatility, but it doesn’t guarantee directional follow‑through.
• Neutral Sentiment: Detailed Q1 disclosures (earnings call transcript and slide deck) show capex deployment (~$1.5B organic growth capex) and DCF commentary that investors can use to model distributable cash and leverage trends. Energy Transfer LP Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q1 EPS of $0.35 missed consensus ($0.40), which pressured sentiment despite the revenue beat and guidance raise — a reminder that unit economics and one‑time items can blunt headline earnings. Energy Transfer Q1 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: At least one analyst write‑up downgraded the name, arguing valuation/yield tradeoffs make it less attractive now — that press can add selling pressure among income investors. Energy Transfer: A 7%-Yielding Partnership To Snatch Up Now (Downgrade)

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.