ET - Energy Transfer: Rock-Solid Dividend Opportunity

2024-04-23 23:46:13 ET

Summary

• Energy Transfer LP offers an impressive 8% forward dividend yield and has the highest Quant ranking among its peers.
• The company has a solid history of consistent dividend payouts and its financial position is healthy despite high leverage.
• Energy Transfer is undervalued and has a fair value of $28 per share, indicating significant potential for growth.

Introduction

I continue to explore dividend stocks, and North American energy midstream appears to be a safe haven to me. The demand for hydrocarbons around the world is unlikely to decline in the foreseeable future, and there will also be a need to transfer and export them. Among the top-10 midstream companies in North America by market cap, I decided to dive into the fundamentals of Energy Transfer LP ( ET ) because it offers an impressive 8% forward distribution (dividend) yield, and it has the highest Quant ranking from SA among its peers....

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