Is Now the Time to Buy Energy Transfer Stock?
ETEnergy Transfer(ET) The Motley Fool·2024-08-12 16:15

Why this high-yield stock should be on investors' radars. Energy Transfer (ET -1.70%) once again increased its full-year guidance when it reported its second-quarter results, showing the strong operational momentum the company has. The stock has performed well this year with an over 20% return, including distributions. Despite its strong performance this year, the master limited partnership (MLP) still has an enticing forward distribution yield of about 7.9% and trades at an attractive valuation. Let's dive ...