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Energy Transfer LP (ET) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-03-13 22:51
Energy Transfer LP (ET) ended the recent trading session at $15.10, demonstrating a +0.6% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.The energy-related services provider's stock has climbed by 7.52% in the past month, exceeding the Oils-Energy sector's gain of 3.8% and the S&P 500's gain of 3.18%.Market participants will be closely following the financial resul ...
Should You Invest in Energy Transfer LP (ET) Based on Bullish Wall Street Views?
Zacks Investment Research· 2024-03-13 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Energy Transfer LP (ET) .Energy Transfer LP currently has an average broke ...
Energy Transfer: Debunking Investor Pessimism
Seeking Alpha· 2024-03-13 04:18
deepblue4you/iStock via Getty Images Thesis Energy Transfer (NYSE:ET) continues to be undervalued compared to the bulk of the midstream industry. This discounted valuation is a result of negative shareholder sentiment as a result of a distribution cutback in 2020. It is my view that this stigma presents an opportunity to buy this high-yield stock with less risk than would be inferred if readers did not keep an open mind and let the past stay in the past. I previously covered ET in May 2023 with a BUY rating ...
Is Energy Transfer (ET) Stock Outpacing Its Oils-Energy Peers This Year?
Zacks Investment Research· 2024-03-11 14:46
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Energy Transfer LP (ET) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Energy Transfer LP is a member of our Oils-Energy group, which includes 249 different ...
Trace Carbon Solutions Submits Class VI Permit Application for Two CO2 Injection Wells to Serve Emission Sources Along the Gulf Coast
Businesswire· 2024-03-11 12:30
HOUSTON--(BUSINESS WIRE)--Trace Carbon Solutions, LLC (Trace), through its wholly owned subsidiary Evergreen Sequestration Hub, LLC (Evergreen Hub), announced today that it has submitted a Class VI permit application to the Louisiana Department of Energy and Natural Resources for two CO2 injection wells. The application, submitted on February 28, 2024, requests Trace be allowed to permanently sequester carbon dioxide in underground geologic formations on approximately 20,000 acres in Beauregard and Calcasie ...
Top Wall Street analysts recommend these 3 dividend stocks
CNBC· 2024-03-10 10:48
Target's store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks.Investors searching for a regular stream of income can give their portfolios a boost by adding attractive dividend stocks.Given the large universe of dividend-paying companies, it can be difficult for investors to conduct an in-depth analysis and pick the right stocks. To this end, insight from the top analysts can help inform investors' decisions.Here are t ...
Energy Transfer: An 8.4% Yielding Value Stock To Buy During Sticky Inflation
Seeking Alpha· 2024-03-03 14:50
Yauhen Akulich/iStock via Getty Images Introduction On October 22, 2023, I wrote an article titled 2 Champs, 1 Winner: Energy Transfer's 9% Yield Beats Enterprise Products' 7% Yield." Since then, Energy Transfer (NYSE:ET) shares have added roughly 7%, excluding dividends. After tremendous struggles during the pandemic and years with volatile oil and gas prices prior to that, the stock has returned roughly 60% over the past five years. Over the past three years, investors have seen a total return of 144%, wh ...
Got $1,000? Buy This Ultra-High-Yield Dividend Stock for Income and Upside
The Motley Fool· 2024-03-02 11:25
Energy Transfer (ET 2.32%) offers investors the best of both worlds. The master limited partnership (MLP) has a massive yield (currently around 8.5%). Because of that, it can provide investors with a lot of income. The main reason it has such a high yield is it trades at a bottom-of-the-barrel valuation. That gives it significant appreciation potential.Those features make it a great opportunity for those with $1,000 or less to invest. It has the potential to produce a high-octane total return. An attractive ...
Fast-paced Momentum Stock Energy Transfer LP (ET) Is Still Trading at a Bargain
Zacks Investment Research· 2024-02-29 14:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...
Energy Transfer: Still One Of The Best Opportunities Out There
Seeking Alpha· 2024-02-28 23:40
spooh Those who follow my work closely know that one of my favorite investments in recent years has been pipeline/midstream operator Energy Transfer (NYSE:ET). Between the hefty yield and how cheap shares were, not to mention the robust cash flows the company generates, I have long maintained that it is one of the most appealing opportunities on the market. As of this writing, I only have eight different stocks in my portfolio. My fourth-largest, accounting for about 13.5% of total holdings, is Energy T ...