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Energy Transfer Stock Price Increases 21.8% YTD: How to Play It Now?
ZACKS· 2024-08-28 17:56
Units of Energy Transfer LP (ET) have rallied 21.8% year to date compared with its industry's growth of 20.8%. The oil and gas midstream firm owns a wide network of pipelines across the United States and is pursuing opportunities to serve growing power loads from new demand centers across its network. The firm is also a top exporter of liquefied petroleum gas and is working to expand natural gas liquids (NGL) export facilities to cater to the rising demand for NGL globally. The ET stock has also outperforme ...
3 High-Yield Stocks with Major Upside, According to Analysts
MarketBeat· 2024-08-28 14:53
Last Friday, Federal Reserve Chair Jerome Powell provided the most unambiguous indication yet that the central bank is preparing to lower historically high interest rates in September. While he didn't specify the exact amount of the rate cut, most experts anticipate a quarter-point reduction. Powell stated at the Fed's annual symposium in Jackson Hole, Wyoming, "The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the ev ...
1 Ultra-High-Yield Energy Stock to Buy Hand Over Fist and 1 to Avoid
The Motley Fool· 2024-08-27 00:30
When it comes to high-yield stocks, you have to trust that management will do the right thing for shareholders. Energy Transfer (ET -0.25%) is offering investors an ultra-high 8% distribution yield. Enterprise Products Partners (EPD 0.34%) has a yield of 7.2%. Although both hail from the midstream energy sector, they are not interchangeable investments. Here's why lower-yielding Enterprise is worth buying hand over fist and most will probably be better off avoiding Energy Transfer. The problem with Energy T ...
Prediction: Energy Transfer Stock Will Nearly Double in 5 Years
The Motley Fool· 2024-08-24 22:53
How the stock could nearly double by the end of 2029. Most investors interested in Energy Transfer (ET 1.25%) are attracted to its high yield, which currently sits around 7.9%. The company currently pays a $0.32 quarterly distribution and is looking to increase that by between 3% to 5% a year moving forward. That is attractive in and of itself, but I also think the pipeline operator's stock could nearly double over the next five years. This would happen through a combination of growth projects, as well as m ...
8%-Yielding Energy Transfer Has Become An Ideal Retiree Investment
Seeking Alpha· 2024-08-21 11:05
JamesBrey Energy Transfer (NYSE:ET) was once known as a higher-risk, higher-reward MLP due to the shoot-from-the-hip approach of its Texas-based founder, Kelsey Warren, who aggressively deployed capital to chase ambitious growth projects and acquisitions. While there is nothing inherently wrong with this approach, it blew up in the company's face, especially in the wake of the 2020 COVID-19 energy market crash, prompting the partnership to slash its distribution materially. As a result, Energy Transfer unde ...
This Nearly 8%-Yielding Dividend Stock Has Ample Fuel to Continue Growing Its Payout
The Motley Fool· 2024-08-21 10:25
Energy Transfer continues to add more fuel to its growth engine. Energy Transfer (ET -1.47%) is a rare dividend stock. The master limited partnership (MLP) offers a monster payout. At nearly 8%, it's several times higher than the S&P 500's sub-1.5% dividend yield. Typically, high-yielding dividend stocks don't grow very fast. That makes this MLP unique: It's growing briskly and has plenty of fuel to keep its growth engine humming along. Here's a look at what's driving the company's above-average growth rate ...
Energy Transfer: Positioned Well For Future Growth
Seeking Alpha· 2024-08-20 08:38
andyKRAKOVSKI/iStock via Getty Images Performance Assessment In my latest article on Energy Transfer (NYSE:ET), I had issued a 'Neutral/Hold' rating to reflect my views of performance in-line with the S&P 500 (SPY) (SPX): Performance since Author's Last Article on Energy Transfer (Seeking Alpha, Author's Last Article on Energy Transfer) Since then, ET has outperformed the S&P 500 by +5.35%, so one may argue that it has been a little bit of a missed opportunity. However, I am not too bothered by this omissio ...
Energy Transfer: Rotation From Growth To Value Might Start Soon
Seeking Alpha· 2024-08-19 21:10
i 1 2017 图1 1 日 1 1 19 11 1999 P T 11000 i tell Th H H ther i 0 F 11 187 thexfilephoto My thesis My thesis is about the company called Energy Transfer (NYSE:ET). ET appears to be a compelling investment opportunity in the current stock market when sentiment around growth stocks is cooling down rapidly. I think that there are numerous reasons to believe that ET is a Strong Buy. ET offers a rare opportunity to earn a massive 7.85% dividend yield. My stock analysis suggests that this dividend yield is safe and ...
Billionaire David Tepper Bought 1 High-Yield Dividend Stock in Q2 and Sold Another. Should You Follow His Lead?
The Motley Fool· 2024-08-19 08:50
The hedge fund manager can't complain about the dividends with either of these stocks. David Tepper's net worth stands at $20.6 billion. The hedge fund manager isn't an income investor for one simple reason: He doesn't need the income. However, Tepper's Appaloosa hedge fund sometimes owns stocks that many income investors would probably find attractive. The billionaire bought one high-yield dividend stock in the second quarter of 2024 and sold another. Should you follow his lead? Two high-yield stocks Teppe ...
Energy Transfer: An Indirect Beneficiary From AI That's Undervalued And Yielding 8.23%
Seeking Alpha· 2024-08-14 12:30
2 Week Range 1,48 EPS (FWD 10.50 Div Rate (FWD) $1.28 Yield (FWD) 0.23% Short Interes 1.06% Market Cap $53.22B 4,000,945 Psex Close $15.55 PM Images Electric vehicles, data centers, and training large language models (LLMs) all have one thing in common. They require large amounts of electricity. As clectric vehicles become more common in the automotive mix and more data centers are brought online to advance Al capabilities, the demand for electricity will increase. Renewable sources of energy won't be abund ...