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Energy Transfer currently has an attractive, well-covered yield. The midstream operator is a vital part of the U.S. energy infrastructure landscape.
Energy Transfer: Rock-Solid Dividend Opportunity
Energy Transfer LP (ET) concluded the recent trading session at $15.88, signifying a +0.28% move from its prior day's close.
Energy Transfer LP (ET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
A Tennessee congressman trounced the S&P 500's returns in 2023 thanks largely to investments in energy stocks. One of those stocks is a midstream energy leader with an especially high distribution yield.
It's often said that baseball is America's pastime. But for some investors, Fed watching is the real spectator sport.
Energy Transfer delivered the second-best unit price gain in its peer group last year. That rally has continued in 2024.
Energy Transfer LP (ET) closed at $15.10 in the latest trading session, marking a -0.85% move from the prior day.
Energy Transfer pays a high-yielding and steadily rising distribution. That should give it the fuel to produce a solid total return.
Since I published my bull thesis on Energy Transfer early this year, the stock has delivered ~ 14% in total returns. This might raise the question of decreased attractiveness and at least partially exhausted upside. Looking at the underlying fundamentals, there is a strong evidence that ET has still the necessary characteristics to deliver juicy returns going forward.