These High-Yield Dividend Stocks Are Turning to Acquisitions to Supercharge Their Growth Engines
A wave of mergers and acquisitions (M) activity has washed over the oil patch in the last year. Big oil behemoth ExxonMobil kicked things off with its $60 billion deal for Pioneer Natural Resources. Several rivals followed its lead, including Chevron, which is trying to buy Hess in a nearly $60 billion transaction.
The oil industry's M wave has spilled over into the pipeline sector. Several midstream companies have made acquisitions, while the rumor mill suggests others are on the prowl. These deals will give pipeline companies more fuel to grow their cash flow and high-yielding dividends.
Energy Transfer (NYSE: ET) prides itself on being a consolidator in the midstream sector. The master limited partnership (MLP) has made several acquisitions over the years. However, it has quickened its pace in the past year. The company made two deals last year (buying Lotus Midstream for $1.5 billion last May and closing its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November).
Source Fool.com
MLP SE Stock
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 82.15% for MLP SE compared to the current price of 5.49 €.
