Trust Co of Toledo Na 13F: Exits Energy Transfer (ET) Stake

Trust Co of Toledo Na disclosed in a filing on October 16, 2026, that it completely sold its position in Energy Transfer LP (ET), cutting 92,447 shares.

What Changed in Trust Co of Toledo Na's Energy Transfer Position

Trust Co of Toledo Na sold out of its 92,447 shares in Energy Transfer LP, a 100% decrease from its previous holdings. The divestment indicates a significant change in the fund's investment priorities.

Other Institutional Activity in Energy Transfer

Several other institutional investors have adjusted their stakes in Energy Transfer LP. Alps Advisors Inc. grew its holdings by 945,545 shares, ending with 86,904,208 shares worth about $1.76 billion. Meanwhile, JPMorgan Chase & Co added 8,867,728 shares for a total of 81,080,493 shares valued at approximately $1.64 billion. Conversely, Morgan Stanley reduced its position by 1,613,721 shares, bringing its total to 85,614,431 shares valued at around $1.73 billion.

Energy Transfer LP Stock Down 0.6%

Energy Transfer LP shares recently traded around $20.12 as of October 16, 2026. This price is about 3.6% below its 50-day moving average of $20.87 and approximately 18.7% lower than the average analyst price target of $24.74. The stock is currently positioned 7.9% beneath its 52-week high of $21.84, yet 24.4% above its 52-week low of $16.18.

Recent Earnings

For the trailing twelve months, Energy Transfer reported revenue of approximately $107.4 billion and earnings per share of $1.46. The company has a net margin of 4.9% and a return on equity of 14.6%. Energy Transfer is set to announce its next earnings report on November 3, 2026.

Insider Buying and Selling at Energy Transfer LP

Kelcy L. Warren, a Director at Energy Transfer, has been active in buying shares, acquiring a total of 2,000,000 shares on August 20, 2025, and another 2,000,000 shares on November 20, 2025, alongside multiple other purchases. These transactions have not been linked to a planned strategy but reflect personal investment decisions by the insider.

Analysts Set New Price Targets

Several firms have maintained positive ratings on Energy Transfer LP. On August 7, 2026, Citigroup maintained a 'Buy' rating with a price target of $24.00. TD Cowen and Truist Securities both also maintained 'Buy' ratings, with targets of $25.00. Meanwhile, Morgan Stanley kept an 'Equal-Weight' rating with a target of $25.00, suggesting a consensus that remains favorable towards the stock.

About Energy Transfer LP

Energy Transfer LP provides energy-related services across the United States, operating in various sectors including oil and gas midstream services. The company plays a key role in transporting natural gas, crude oil, and refined products. The recent investment moves reflect the changing landscape within the energy sector.

Bottom Line

Investors should keep an eye on Energy Transfer LP as it approaches its next earnings report on November 3, 2026. This filing reflects the fund's holdings as of the reporting period and may not represent its current position. The changes by Trust Co of Toledo Na highlight shifting dynamics in institutional investment strategies within the energy sector.