#3 - Energy Transfer (NYSE:ET)
Energy Transfer LP (NYSE: ET) is another high-yield dividend energy stock to consider. ET has delivered a total return of over 52% in 2024 and has a dividend yield of 6.6% (as of December 31, 2024).
Like Enbridge, Energy Transfer is a midstream company with pipelines throughout the United States and Canada. And, like Enbridge, Energy Transfer has an attractive portfolio of natural gas pipelines, which it has been adding to through strategic acquisitions in the last few years. That pipeline will likely give the company a tailwind, particularly during what is expected to be a cold start to the new year in much of the Northeast and Great Lakes regions.
Analysts are projecting double-digit earnings growth for Energy Transfer in the next 12 months. That may not be factored into the company’s stock price, which has a consensus price target of $20.55.
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
- $19.71
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $20.55 (4.2% Upside)
