Manning & Napier Advisors LLC Boosts Holdings in Energy Transfer LP $ET

Manning & Napier Advisors LLC boosted its holdings in shares of Energy Transfer LP (NYSE:ET) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 930,000 shares of the pipeline company’s stock after buying an additional 30,000 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Energy Transfer were worth $15,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in shares of Energy Transfer by 4.5% in the 3rd quarter. Alps Advisors Inc. now owns 77,651,021 shares of the pipeline company’s stock worth $1,332,492,000 after purchasing an additional 3,366,734 shares in the last quarter. Invesco Ltd. lifted its position in 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 purchasing an additional 1,773,042 shares in the last quarter. Energy Income Partners LLC lifted its position in Energy Transfer by 1.4% during the third quarter. Energy Income Partners LLC now owns 23,351,183 shares of the pipeline company’s stock valued at $400,706,000 after purchasing an additional 326,653 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Energy Transfer by 2.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,898,420 shares of the pipeline company’s stock valued at $375,777,000 after purchasing an additional 544,944 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in Energy Transfer during the third quarter valued at about $264,309,000. 38.22% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Price Performance

Shares of Energy Transfer stock opened at $19.35 on Friday. The company has a market capitalization of $66.57 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.12 and a beta of 0.57. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.50. The stock’s 50-day simple moving average is $19.06 and its 200-day simple moving average is $17.82. Energy Transfer LP has a 52 week low of $16.18 and a 52 week high of $20.67.

Energy Transfer (NYSE:ET) last released its earnings results 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 business 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%.The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, analysts expect that Energy Transfer LP will post 1.47 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be issued 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 dividend on an annualized basis and a yield of 7.0%. Energy Transfer’s payout ratio is 111.67%.

More Energy Transfer News

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

• Positive Sentiment: Several brokerage notes were favorable, including an average “Buy” rating and a separate Stifel Nicolaus view that ET’s stock price is expected to rise, reinforcing bullish sentiment around the company. Energy Transfer LP (NYSE:ET) Given Average Rating of “Buy” by Brokerages Energy Transfer (NYSE:ET) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Commentary around the company’s first-quarter results highlighted ET as still attractively valued with “a lot of growth ahead,” which may be encouraging income and value investors. Prediction: Energy Transfer’s Stock Is Still a Buy After a Strong Start to the Year
• Positive Sentiment: Recent coverage emphasized ET’s exposure to long-term demand themes like AI power needs and exports, suggesting investors see additional upside from infrastructure growth. Energy Transfer Q1 Earnings: Positioned For AI Power Boom Energy Transfer: AI Needs Terawatts, Not Just Chips
• Neutral Sentiment: ET’s Q1 2026 earnings call transcript is drawing attention as investors review management’s commentary on results, capital spending, and future growth plans. Energy Transfer LP (NYSE:ET) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: News that Ares Management bought a stake in the Rover Pipeline adds context to ET’s asset value, but the direct stock impact for Energy Transfer is less clear. Ares Management Corp. Acquires 32.4% Stake in Rover Pipeline from Blackstone

Wall Street Analyst Weigh In

Several research analysts have recently commented on ET shares. Wells Fargo & Company raised their price objective on Energy Transfer from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Stifel Nicolaus boosted their price objective on Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays reissued an “overweight” rating and issued a $22.00 target price (down from $25.00) on shares of Energy Transfer in a report on Monday, January 12th. Scotiabank restated an “outperform” rating on shares of Energy Transfer in a research note on Friday, January 16th. Finally, Morgan Stanley lifted their price target on shares of Energy Transfer from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Energy Transfer has an average rating of “Buy” and a consensus target price of $22.00.

Energy Transfer Company 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.