RBC Capital Lowered Price Target on Energy Transfer (ET)

Core Viewpoint - Energy Transfer LP (NYSE:ET) is recognized as one of the best pipeline and MLP stocks to buy in 2026, despite recent price target adjustments by analysts [1]. Group 1: Analyst Ratings and Price Targets - RBC Capital lowered its price target on Energy Transfer LP from $22 to $21 while maintaining an Outperform rating, indicating confidence in the natural gas sector despite underperformance compared to AI-focused stocks [2]. - Morgan Stanley reiterated its Hold rating on Energy Transfer LP, maintaining a price target of $19, reflecting a cautious outlook on the stock [2]. Group 2: Financial Performance - Energy Transfer LP announced a quarterly cash distribution of 33.5 cents per share for Q4 2025, marking a 3% increase from Q4 2024, demonstrating the company's commitment to returning value to unitholders [3]. Group 3: Company Overview - Founded in 1996, Energy Transfer LP manages one of the largest energy portfolios in North America, operating over 130,000 miles of pipelines for the transportation and storage of natural gas, crude oil, and NGLs [4].