Is Now the Time to Buy Energy Transfer Stock?
Energy Transfer (NYSE: ET) 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 into the company's Q2 results and guidance, and look at why the stock is an attractive option for income-oriented investors.
Source Fool.com
MLP SE Stock
€5.84
1.210%
Currently there is a rather positive sentiment for MLP SE with 4 Buy predictions and 0 Sell predictions.
With a target price of 10 € there is a hugely positive potential of 71.23% for MLP SE compared to the current price of 5.84 €.
