Is Energy Transfer Stock a Buy Now?
There are a lot of things about Energy Transfer (NYSE: ET) stock that an income-focused investor will find attractive. The big one is the roughly 6.8% yield that is backed by a growing distribution. But, as with every dividend stock, there's more to the story than just the dividend yield. A little backstory will help you decide whether or not Energy Transfer is a stock you want to buy now.
Energy Transfer is a little more complex than most midstream companies. Its core is straightforward. It owns energy infrastructure, like pipelines, that helps to move oil and natural gas around the world. This is largely a fee-driven business, so the volume of oil and gas passing through its system is more important than the prices of those commodities.
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Source Fool.com
