Why Units of Energy Transfer Declined in 2019
Last year was an excellent one for the market. The S&P 500 delivered a massive 28.9% gain for the year, with its total return after adding in dividends a blistering 31.5%. Even most energy stocks were in rally mode last year as the average one in the S&P 500 produced an 11.7% total return.
That strong performance is what makes Energy Transfer (NYSE: ET) stand out as units of the MLP declined 2.9% in 2019, according to data provided by S&P Global Market Intelligence. Though on a more positive note, the pipeline giant did produce a 5.9% total return after adding in its monster distribution.
Here's a look back at why Energy Transfer delivered such a poor relative performance last year.
Source Fool.com
