Energy Transfer LP (ET) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Following the US Federal Reserve's recent 50-basis point rate cut, investors are being urged to shift focus away from tech stocks and consider more stable sectors, according to SlateStone Wealth's chief market strategist, Kenny Polcari.
24/7 Wall St. Insights The bond market has dropped long rates to the lowest since December of 2023.
Energy Transfer's acquisition of WTG Midstream enhances its pipeline network and boosts distributable cash flow. ET has shown strong growth in EBITDA and distributable cash flow, driven by strategic acquisitions, with a 20% EBITDA increase and 31% DCF surge in Q2'24. High insider ownership aligns executive interests with unitholders, and raised FY 2024 guidance reflects confidence in continued EBITDA and DCF growth.
JPMorgan forecasts a significant drop in S&P 500 returns, suggesting a shift from the high gains of the past decade to lower future performance. Valuations are currently unfavorable, and with rising risks, the market may offer average annual returns of just 5.7% in the coming decade. Given this outlook, focusing on high-yield dividend stocks and cautious valuation is essential for long-term investment success in a lower-return environment.
In the closing of the recent trading day, Energy Transfer LP (ET) stood at $16.11, denoting a +0.56% change from the preceding trading day.
Energy Transfer said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, continued to safely burn itself out on Wednesday with the flame having diminished overnight.
Energy Transfer insiders own more than 10% of the company's outstanding units. Its distributable cash flow rose by 32% in the second quarter.
Energy Transfer said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, was continuing to burn itself out on Tuesday morning.
I last compared ET and WES in May 2023 and labeled both "buys." Since then, both have crushed the broader midstream sector. I revisit them today and share why I only own one of them.
Energy Transfer remains a compelling high-income investment with a 7.9% yield, strong operational performance, and robust growth prospects through strategic acquisitions and high demand. ET's asset base includes extensive midstream infrastructure, with 90% fee-based Adjusted EBITDA, minimizing commodity price exposure and supporting stable financial performance. ET's recent acquisitions and organic growth have driven significant EBITDA and distributable cash flow increases, positioning it for continued success and potential for market-beating total returns.
Dividend investing can be a stable and effective way at compounding gains over the long term through a buy-and-hold strategy. Dividend stocks tend to be established and mature companies in sectors such as utilities, real estate, and consumer staples, meaning that they oftentimes lack the flashy appeal of trending stocks.