#5 - Energy Transfer (NYSE:ET)
Energy Transfer LP (NYSE: ET) is another high-yield dividend energy stock to consider. Like Enbridge, Energy Transfer is a midstream company that has a large network of natural gas pipelines. And also like Enbridge, the company is growing through acquisition.
Energy Transfer is in the process of acquiring WTG Midstream for $3.25 billion. The aquisition will give Energy Transfer the largest gas gathering and processing business in the coveted Permian Basin, a strategically important location for delivering natural gas to data centers. This will be a massive growth area in the coming decade in order to power the expansion of AI applications, and Energy Transfer is at the forefront.
ET stock has delivered an average annual return of 12.98% in the last five years. The company’s dividend yield is 7.85%. It has been growing its dividend at a rate of 4.98% over the last three years.
About Energy Transfer
Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
Read More - Current Price
- $16.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $19.14 (19.2% Upside)
