Meridian Wealth Management LLC Sells 32,269 Shares of Energy Transfer LP $ET

Posted by Geri Gentry on May 14th, 2026

Meridian Wealth Management LLC reduced its position in shares of Energy Transfer LP (NYSE:ET – Free Report) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,525 shares of the pipeline company’s stock after selling 32,269 shares during the period. Meridian Wealth Management LLC’s holdings in Energy Transfer were worth $1,245,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ET. Brighton Jones LLC boosted its holdings in shares of Energy Transfer by 93.4% during the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock worth $481,000 after buying an additional 11,844 shares during the period. AQR Capital Management LLC boosted its holdings in Energy Transfer by 62.8% in the 1st quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after purchasing an additional 8,118 shares during the period. Geode Capital Management LLC boosted its holdings in Energy Transfer by 6.2% in the 2nd quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock valued at $2,455,000 after purchasing an additional 7,901 shares during the period. Russell Investments Group Ltd. boosted its holdings in Energy Transfer by 436.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company’s stock valued at $76,000 after purchasing an additional 3,400 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in Energy Transfer by 5.6% in the 2nd quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock valued at $923,000 after purchasing an additional 2,700 shares during the period. 38.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Truist Financial assumed coverage on shares of Energy Transfer in a report on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus increased their price target on shares of Energy Transfer from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, TD Cowen reissued a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Energy Transfer currently has a consensus rating of “Buy” and an average price target of $22.67.

Check Out Our Latest Stock Analysis on ET

Energy Transfer Trading Up 0.4%

Shares of ET stock opened at $20.08 on Thursday. Energy Transfer LP has a 52-week low of $16.18 and a 52-week high of $20.67. The stock has a market cap of $69.09 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.93 and a current ratio of 1.17. The firm has a fifty day moving average of $19.14 and a 200-day moving average of $17.91.

Energy Transfer (NYSE:ET – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, equities research analysts forecast that Energy Transfer LP will post 1.47 earnings per share for the current fiscal year.

Energy Transfer Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be paid a $0.3375 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 6.7%. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio is currently 112.50%.

Key Stories Impacting Energy Transfer

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

Positive Sentiment: Raymond James raised its price target on Energy Transfer and kept a Strong Buy rating, reinforcing optimism that the partnership’s improving fundamentals can support more upside. Raymond James Raises its Price Target on Energy Transfer (ET)
Positive Sentiment: JPMorgan and Scotiabank both lifted their price targets to $24, citing continued operational improvement and supporting the view that ET still has room to run from current levels. Energy Transfer (NYSE:ET) Price Target Raised to $24.00 at JPMorgan Chase & Co. Energy Transfer (NYSE:ET) Price Target Raised to $24.00 at Scotiabank
Positive Sentiment: Recent articles pointed to record transportation volumes, higher adjusted EBITDA guidance, and an expanded capital plan, suggesting stronger cash-flow potential and better long-term growth prospects. A Look At Energy Transfer (ET) Valuation After Raised EBITDA Guidance And Expanded Growth Investments
Positive Sentiment: Analysts and commentators also highlighted ET’s fee-based pipeline backlog and growing exposure to AI/data-center power demand, which may support continued EBITDA growth and distribution increases. Energy Transfer: 20% EBITDA Growth With Pipeline Backlog For The AI Buildout
Positive Sentiment: Energy Transfer is being viewed as a defensive, income-oriented way to benefit from elevated oil prices and geopolitical uncertainty, which can attract yield-focused investors. The Best Oil Stock to Own During Geopolitical Uncertainty
Neutral Sentiment: ET has also been showing up on stock-tracking and “trending” lists, which reflects heightened investor interest but does not by itself change the company’s fundamentals. Energy Transfer LP (ET) Is a Trending Stock: Facts to Know Before Betting on It

Energy Transfer Profile

(Free Report)

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.