M&T Bank Corp Grows Stock Holdings in Energy Transfer LP $ET

M&T Bank Corp grew its holdings in Energy Transfer LP (NYSE:ET) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,471 shares of the pipeline company’s stock after purchasing 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.

Other institutional investors have also bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Energy Transfer during the 3rd quarter worth approximately $34,000. Core Alternative Capital acquired a new stake in shares of Energy Transfer during the 3rd quarter worth approximately $46,000. Clearstead Trust LLC acquired a new stake in shares of Energy Transfer during the 3rd quarter worth approximately $50,000. Golden State Wealth Management LLC increased its holdings in shares of Energy Transfer by 38.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,918 shares of the pipeline company’s stock worth $50,000 after buying an additional 817 shares during the last quarter. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Energy Transfer by 196.4% during the 4th 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. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Stock Down 2.5%

Energy Transfer stock opened at $19.88 on Thursday. Energy Transfer LP has a fifty-two week low of $16.18 and a fifty-two week high of $20.67. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.22. The firm has a 50 day moving average price of $19.04 and a 200 day moving average price of $17.80. The company has a market capitalization of $68.38 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57.

Energy Transfer (NYSE:ET) last posted its earnings results on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). Energy Transfer had a net margin of 4.66% and a return on equity of 9.95%. The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. Research analysts expect that Energy Transfer LP will post 1.52 earnings per share for the current year.

Energy Transfer Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Friday, May 8th will be issued a $0.3375 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, May 8th. This represents a $1.35 annualized dividend and a yield of 6.8%. Energy Transfer’s payout ratio is 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)

Analysts Set New Price Targets

ET has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 10th. Stifel Nicolaus raised 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. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a report on Friday, January 16th. TD Cowen raised their price target on shares of Energy Transfer from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Energy Transfer in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $21.91.

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.