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ET - Sell Alert: Why I Recently Dumped 8%-Yielding Energy Transfer (Rating Downgrade)
Energy Transfer LP
2024-05-26 08:05:00 ET
Summary
Energy Transfer has been one of my best investments ever.
However, I recently sold my position.
I detail why in this article and explain one of the places where I reallocated the capital.
I originally bought Energy Transfer ( ET ) in my core portfolio back in December of 2020. Since then, it has delivered very attractive returns of over 200%, crushing the broader midstream sector ( AMLP ) by nearly 2 to 1 and the S&P 500 ( SPY ) by roughly 4 to 1 over that period: