Energy Transfer (ET) and Sunoco (SUN) expect the partnership to immediately enhance their distributable cash flows.
In a recent Wolfe Research report, ET was named a top beneficiary if Donald Trump returns to office, with Saturday's shooting likely boosting those odds. The fact that the U.S. is expected to continue breaking energy consumption records is favorable for the largest midstream players like Energy Transfer. Fair value of the stock is estimated at $20.6 with a 27% upside potential. Moreover, the stock offers a compelling 7.8% forward distribution yield.
Energy Transfer LP (ET) reachead $16.31 at the closing of the latest trading day, reflecting a +0.18% change compared to its last close.
Energy Transfer demonstrates improving profitability, which aids in deleveraging the balance sheet. Both factors are crucial for dividend safety. Accelerated investments in data centers provide a significant tailwind for large midstream companies like ET. Valuation analysis suggests ET's fair value is $19.85, 22% higher than the last close.
In its June meeting, The Organization of the Petroleum Exporting Countries (OPEC) extended most of its production cuts through the end of 2025. While some pundits view the move as an attempt to support an oversupplied market, it puts a floor on oil prices.
Energy Transfer offers a very high dividend yield. The MLP generates a lot of cash, easily covering its monster payout (and growth investments).
MPLX is positioned given its asset base in the Marcellus and Permian. Western was one of the best-performing midstream stocks in the first half and looks poised to continue to outperform.
Ensuring a steady stream of income remains a core goal for many investors. While market fluctuations can cause anxiety, focusing on some of the best dividend stocks for income may offer a dependable solution.
Zacks.com users have recently been watching Energy Transfer LP (ET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Energy Transfer LP (ET) closed at $15.92 in the latest trading session, marking a -0.5% move from the prior day.
This article upgrades my earlier buy rating on ET to a strong buy due to the acquisition of Crestwood Equity Partners. I expect this acquisition to catalyze a higher growth rate than my earlier projection. When adjusted by growth rate and yield, valuation metrics approaches absurd levels.
In the most recent trading session, Energy Transfer LP (ET) closed at $15.70, indicating a +1.42% shift from the previous trading day.