25.08.2024 00:53:00

Prediction: Energy Transfer Stock Will Nearly Double in 5 Years

Most investors interested in Energy Transfer (NYSE: ET) are attracted to its high yield, which currently sits around 7.9%. The company currently pays a $0.32 quarterly distribution and is looking to increase that by between 3% to 5% a year moving forward. That is attractive in and of itself, but I also think the pipeline operator's stock could nearly double over the next five years.This would happen through a combination of growth projects, as well as modest multiple expansion, which is when investors assign a higher valuation metric to a stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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