In the most recent trading session, Energy Transfer LP (ET) closed at $19.28, indicating a +0.1% shift from the previous trading day.
Energy Transfer's well-balanced assets spread across the United States and accretive acquisitions will boost its performance. Rising debt levels and return on equity lower than industry are concerns.
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.
Energy Transfer (ET 3.23%) has a very attractive yield at 6.9%. That will draw the eyes of most income investors today, noting that the S&P 500 index has a miserly yield of just 1.2% or so.
In the closing of the recent trading day, Energy Transfer LP (ET) stood at $18.27, denoting a +0.38% change from the preceding trading day.
Energy Transfer (ET -0.32%) is popular among income-seeking investors. The master limited partnership (MLP) offers a monster distribution that currently yields 7%.
Q3 2024 adjusted EBITDA rose 11.8% YoY to $3.96 billion, driven by core business throughput expansion. $2.9 billion planned for 2024 targets NGL exports, Permian Basin facilities, and pipeline upgrades to boost capacity. ET trades below its historical EV/EBITDA average, offering >36% long-term upside based on forward EBITDA growth.
Energy Transfer is a potentially low-risk investment with a 2-5 year price target of $25/share, offering an estimated 12% annual return potential and a 7% dividend yield. The company boasts a strong financial position with $8 billion in DCF and $15.4 billion in adjusted EBITDA, prioritizing unit buybacks and dividends. Energy Transfer's extensive asset footprint includes 130k+ miles of pipelines and significant natural gas and crude oil capacities, supporting future growth and new deals.
This year has been a very good one for Energy Transfer (ET -0.89%). Units of the master limited partnership (MLP) have rocketed nearly 40%.
With 2024 coming to a close, investors are now turning their attention to 2025 and looking toward what stocks may help lead the way in the new year. Within the energy and midstream space, my favorite stock for 2025 is none other than Energy Transfer Partners (ET -0.89%).
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 (ET 1.00%) already pays a lucrative distribution. The master limited partnership's (MLP) payout is 6.7%, putting it several times higher than the S&P 500 's dividend yield of 1.2%.