NYSE:ET
Energy Transfer LP (ET)
Financials 
Technical Analysis 
Dividend very high (~9%), and is a good way to get exposure to energy infrastructure. Ukraine war has increased demand for domestic energy reliance. Good time to buy, and would recommend for a long term hold. Expecting earnings to increase, and would advise buying at anything below $10.
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Premium contentWe again reiterate this energy infrastructure LP, where the company holds a strong market position. It trades at 13x earnings, 1.4x book and supports a 12% ROE. Cash reserves are growing, while debt is aggressively retired and it maintains a brilliant dividend. We continue to recommend a stop at $13, looking to achieve $17 -- upside potential of 21%. Yield 8.9%
(Analysts’ price target is $17.75)Premium contentPremium contentWe reiterate ET as a TOP PICK. The company has been aggressively retiring debt bringing it back into their target range of under 4.5x debt-to-EBITDA. It pays a great dividend, backed by a payout ratio under 65% of cash flow. It trades 9x earnings and 1.2x book value. We recommend maintaining the stop at $11.50, looking to achieve $16 -- upside potential of 23%. Yield 7.9%
(Analysts’ price target is $16.75)
Premium contentWe again reiterate ET, one of the largest midstream energy companies in the world and who exports 20% of global natural gas liquids, as a TOP PICK. Earnings tomorrow should confirm recent acquisition assets and existing investment in their coastal terminals are buzzing with activity. It trades at 1.2x book value and 10x earnings. We like how they have aggressively been retiring debt. The dividend yield is excellent and supported by a payout ratio under 60% of cash flow. We recommend trailing up the stop-loss (from $10.75) to $11.50, looking to achieve $16.50 -- upside potential over 24%. Yield 6.7%
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Our PAST TOP PICK with ET is progressing well. To remain disciplined, we recommend trailing up the stop (from $13) to $15 at this time.