Time to Buy the Dip on Energy Transfer Stock?
Energy Transfer (NYSE: ET) has hit some turbulence in recent weeks. The master limited partnership's (MLP's) unit price has dipped more than 15% since peaking in early January. That followed a red-hot run that saw the MLP gain over 50% in a little more than a year. That dip looks like a great buying opportunity for long-term investors, especially those seeking a lucrative passive income stream. It has helped push the MLP's distribution yield up to around 7.3%, which is significantly higher than the S&P 500's 1.3% yield. Energy Transfer's rally over the past year helped boost its valuation while driving down its distribution yield. However, despite that surge, the MLP still trades at a bottom-of-the-barrel valuation compared to its peer group: Continue reading
Energy Transfer (NYSE: ET) has hit some turbulence in recent weeks. The master limited partnership's (MLP's) unit price has dipped more than 15% since peaking in early January. That followed a red-hot run that saw the MLP gain over 50% in a little more than a year.
That dip looks like a great buying opportunity for long-term investors, especially those seeking a lucrative passive income stream. It has helped push the MLP's distribution yield up to around 7.3%, which is significantly higher than the S&P 500's 1.3% yield.
Energy Transfer's rally over the past year helped boost its valuation while driving down its distribution yield. However, despite that surge, the MLP still trades at a bottom-of-the-barrel valuation compared to its peer group:
