What's Next for Energy Transfer Stock and Its 8% Dividend Yield?
Since the start of 2022, Energy Transfer (NYSE: ET)has increased its distribution every quarter. However, everything has not always been smooth for the company. In fact, back in 2020, the midstream company slashed its distribution in half.
So, what's in store for Energy Transfer's stock and its distribution? First, let's first look at what the company does and how it grows its distribution.
Energy Transfer is an integrated midstream company that transports hydrocarbons such as natural gas, natural gas liquids (NGLs), crude oil, and refined products. The company's operations expand the midstream spectrum from gathering and processing to fractionation, storage, and transport. The company also owns stakes in motor fuel distribution company Sunoco LP and USA Compression Partners, which provides natural gas compression services. Energy Transfer is structured as a master limited partnership (MLP), so investors will get a K-1 and have unique tax advantages (and obligations).
Source Fool.com
MLP SE Stock
Our community is currently high on MLP SE with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 10 € shows a very positive potential of 78.89% compared to the current price of 5.59 € for MLP SE.
