Energy Transfer Declares Quarterly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy ET?
Source: seekingalpha
- Quarterly Dividend Announcement: Energy Transfer (ET) has declared a quarterly dividend of $0.3375 per share, payable on May 20, demonstrating the company's stability and commitment to shareholders in the current market environment.
- Dividend Yield: The forward yield of 7.09% not only attracts income-seeking investors but also reflects the company's competitiveness among midstream operators, positioning it favorably in the energy sector.
- Shareholder Record Date: The record date for the dividend is set for May 8, with the ex-dividend date also on May 8, ensuring that eligible shareholders can receive their dividends promptly, thereby enhancing investor confidence.
- Market Reaction: Amid a surge in global gas prices due to Qatar's shutdown, Energy Transfer's dividend policy is viewed as a stabilizing signal, potentially drawing more investor attention to the company's long-term value.
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Analyst Views on ET
Wall Street analysts forecast ET stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 19.080
Low
17.00
Averages
20.65
High
23.00
Current: 19.080
Low
17.00
Averages
20.65
High
23.00
About ET
Energy Transfer LP owns and operates a diversified portfolios of energy assets in the United States, with more than 140,000 miles of pipeline and associated energy infrastructure. The Company’s strategic network spans 44 states with assets in all of the major United States production basins. Its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. The Company’s segments include intrastate transportation and storage, interstate transportation and storage, midstream, NGL and refined products transportation and services, crude oil transportation and services, investment in Sunoco LP, investment in USA Compression Partners, LP (USAC), and all other. It also owns Lake Charles LNG Company, LLC, its wholly owned subsidiary, which owns an LNG import terminal and regasification facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Transfer Declares Quarterly Dividend
- Quarterly Dividend Announcement: Energy Transfer (ET) has declared a quarterly dividend of $0.3375 per share, payable on May 20, demonstrating the company's stability and commitment to shareholders in the current market environment.
- Dividend Yield: The forward yield of 7.09% not only attracts income-seeking investors but also reflects the company's competitiveness among midstream operators, positioning it favorably in the energy sector.
- Shareholder Record Date: The record date for the dividend is set for May 8, with the ex-dividend date also on May 8, ensuring that eligible shareholders can receive their dividends promptly, thereby enhancing investor confidence.
- Market Reaction: Amid a surge in global gas prices due to Qatar's shutdown, Energy Transfer's dividend policy is viewed as a stabilizing signal, potentially drawing more investor attention to the company's long-term value.
See More
Oil Prices Surge Amid Supply Concerns
- Oil Price Surge: Brent crude futures rose over 3% on Monday, surpassing $109 a barrel, indicating heightened market concerns over the U.S.-Iran standoff, which could lead to sustained high prices and impact the global energy market.
- Rapid Inventory Drawdown: IEA member countries are depleting emergency oil stockpiles at a rate of 11 to 12 million barrels per day, and if oil flows through the Strait of Hormuz do not normalize by the end of July, Brent prices are likely to remain above $100, putting pressure on oil companies' profitability.
- Midstream Companies Benefit: Companies like Enterprise Products Partners (EPD) and Energy Transfer (ET) are expected to benefit from the release of oil from the U.S. Strategic Petroleum Reserve, with anticipated increases in pipeline volumes and fee-based income, further solidifying their market positions.
- Oil Producers' Cash Flow Growth: EOG Resources anticipates generating nearly $6.7 billion in additional cash flow due to rising oil prices, planning to return most of this through dividends and buybacks, showcasing the strong profitability of oil companies in a high-price environment.
See More
Global Oil Inventories Plummet Amid Supply Shock
- Inventory Drawdown Rate: Global oil inventories are depleting at a staggering rate of 11 to 12 million barrels per day, intensifying market tensions and suggesting that oil prices will remain elevated, which could impact global economic stability.
- Pipeline Companies Benefit: As the U.S. releases oil from its Strategic Petroleum Reserve (SPR), companies like Enterprise Products Partners and Enbridge are expected to benefit from increased transportation volumes, which will enhance fee-based income and solidify their market positions.
- Impact of Rising Oil Prices: EOG Resources anticipates that for every $1 increase in oil prices, its annual cash flow will rise by $223 million, with current prices in the mid-$90s potentially generating an additional $6.7 billion in cash flow, thereby boosting shareholder returns significantly.
- Supply Chain Disruption: The closure of the Strait of Hormuz has led to one of the largest oil supply shocks in decades, with countries tapping into emergency reserves to fill the gap, which is likely to enhance the investment appeal of midstream companies and oil producers.
See More
ENERGY TRANSFER LP RAISES Q1 CASH DISTRIBUTION TO $0.3375 PER UNIT
- Energy Transfer Q1 Cash Distribution: Energy Transfer has announced an increase in its cash distribution for the first quarter.
- New Distribution Rate: The cash distribution has been set at $0.3375 per unit.
See More
Analysis of High-Yield Energy Investment Opportunities
- Enterprise Products Advantage: Enterprise Products Partners (EPD) offers an attractive 5.7% yield and has increased its distribution for 27 consecutive years, demonstrating stable cash flows and an investment-grade rated balance sheet, making it an ideal choice for conservative investors.
- Enbridge's Diversification: Enbridge (ENB) boasts a 5.4% yield and a 31-year history of dividend growth, showcasing a strong financial foundation; however, its business spans pipelines, natural gas utilities, and renewable energy, which may appeal to investors seeking diversification.
- Energy Transfer's Growth Potential: Energy Transfer (ET) provides a lofty 6.9% yield, and despite cutting its distribution in half in 2020 to reduce leverage, management now adopts a steady growth approach, projecting annual distribution growth of 3% to 5%, suitable for more aggressive investors.
- Stability of Midstream Companies: Midstream companies mitigate commodity price volatility by charging fees for transporting oil and gas, allowing Enterprise Products, Enbridge, and Energy Transfer to offer high yields, positioning them as relatively safe investment options in a volatile energy market.
See More
High-Yield Energy Stock Investment Opportunities
- Midstream Business Advantage: Midstream companies like Enterprise Products Partners (EPD) generate revenue by owning energy infrastructure such as pipelines, charging fees that insulate them from commodity price volatility, thus maintaining stable cash flows amid economic uncertainty.
- Enterprise Products Performance: EPD boasts a 5.7% dividend yield and has increased its distribution for 27 consecutive years, with a market cap of $82 billion, demonstrating strong financial stability and long-term investment appeal.
- Enbridge's Diversification: Enbridge (ENB) offers a 5.4% dividend yield and a 31-year history of dividend growth, along with natural gas utilities and renewable energy assets, providing additional investment security suitable for conservative investors.
- Energy Transfer's Growth Potential: Energy Transfer (ET), despite past over-leverage risks, presents a 6.9% dividend yield and a management goal of 3% to 5% annual growth, indicating a commitment to steady growth that appeals to more aggressive investors.
See More
Energy Transfer Declares Quarterly Dividend
- Quarterly Dividend Announcement: Energy Transfer (ET) has declared a quarterly dividend of $0.3375 per share, payable on May 20, demonstrating the company's stability and commitment to shareholders in the current market environment.
- Dividend Yield: The forward yield of 7.09% not only attracts income-seeking investors but also reflects the company's competitiveness among midstream operators, positioning it favorably in the energy sector.
- Shareholder Record Date: The record date for the dividend is set for May 8, with the ex-dividend date also on May 8, ensuring that eligible shareholders can receive their dividends promptly, thereby enhancing investor confidence.
- Market Reaction: Amid a surge in global gas prices due to Qatar's shutdown, Energy Transfer's dividend policy is viewed as a stabilizing signal, potentially drawing more investor attention to the company's long-term value.
See More
Oil Prices Surge Amid Supply Concerns
- Oil Price Surge: Brent crude futures rose over 3% on Monday, surpassing $109 a barrel, indicating heightened market concerns over the U.S.-Iran standoff, which could lead to sustained high prices and impact the global energy market.
- Rapid Inventory Drawdown: IEA member countries are depleting emergency oil stockpiles at a rate of 11 to 12 million barrels per day, and if oil flows through the Strait of Hormuz do not normalize by the end of July, Brent prices are likely to remain above $100, putting pressure on oil companies' profitability.
- Midstream Companies Benefit: Companies like Enterprise Products Partners (EPD) and Energy Transfer (ET) are expected to benefit from the release of oil from the U.S. Strategic Petroleum Reserve, with anticipated increases in pipeline volumes and fee-based income, further solidifying their market positions.
- Oil Producers' Cash Flow Growth: EOG Resources anticipates generating nearly $6.7 billion in additional cash flow due to rising oil prices, planning to return most of this through dividends and buybacks, showcasing the strong profitability of oil companies in a high-price environment.
See More
Global Oil Inventories Plummet Amid Supply Shock
- Inventory Drawdown Rate: Global oil inventories are depleting at a staggering rate of 11 to 12 million barrels per day, intensifying market tensions and suggesting that oil prices will remain elevated, which could impact global economic stability.
- Pipeline Companies Benefit: As the U.S. releases oil from its Strategic Petroleum Reserve (SPR), companies like Enterprise Products Partners and Enbridge are expected to benefit from increased transportation volumes, which will enhance fee-based income and solidify their market positions.
- Impact of Rising Oil Prices: EOG Resources anticipates that for every $1 increase in oil prices, its annual cash flow will rise by $223 million, with current prices in the mid-$90s potentially generating an additional $6.7 billion in cash flow, thereby boosting shareholder returns significantly.
- Supply Chain Disruption: The closure of the Strait of Hormuz has led to one of the largest oil supply shocks in decades, with countries tapping into emergency reserves to fill the gap, which is likely to enhance the investment appeal of midstream companies and oil producers.
See More
ENERGY TRANSFER LP RAISES Q1 CASH DISTRIBUTION TO $0.3375 PER UNIT
- Energy Transfer Q1 Cash Distribution: Energy Transfer has announced an increase in its cash distribution for the first quarter.
- New Distribution Rate: The cash distribution has been set at $0.3375 per unit.
See More
Analysis of High-Yield Energy Investment Opportunities
- Enterprise Products Advantage: Enterprise Products Partners (EPD) offers an attractive 5.7% yield and has increased its distribution for 27 consecutive years, demonstrating stable cash flows and an investment-grade rated balance sheet, making it an ideal choice for conservative investors.
- Enbridge's Diversification: Enbridge (ENB) boasts a 5.4% yield and a 31-year history of dividend growth, showcasing a strong financial foundation; however, its business spans pipelines, natural gas utilities, and renewable energy, which may appeal to investors seeking diversification.
- Energy Transfer's Growth Potential: Energy Transfer (ET) provides a lofty 6.9% yield, and despite cutting its distribution in half in 2020 to reduce leverage, management now adopts a steady growth approach, projecting annual distribution growth of 3% to 5%, suitable for more aggressive investors.
- Stability of Midstream Companies: Midstream companies mitigate commodity price volatility by charging fees for transporting oil and gas, allowing Enterprise Products, Enbridge, and Energy Transfer to offer high yields, positioning them as relatively safe investment options in a volatile energy market.
See More
High-Yield Energy Stock Investment Opportunities
- Midstream Business Advantage: Midstream companies like Enterprise Products Partners (EPD) generate revenue by owning energy infrastructure such as pipelines, charging fees that insulate them from commodity price volatility, thus maintaining stable cash flows amid economic uncertainty.
- Enterprise Products Performance: EPD boasts a 5.7% dividend yield and has increased its distribution for 27 consecutive years, with a market cap of $82 billion, demonstrating strong financial stability and long-term investment appeal.
- Enbridge's Diversification: Enbridge (ENB) offers a 5.4% dividend yield and a 31-year history of dividend growth, along with natural gas utilities and renewable energy assets, providing additional investment security suitable for conservative investors.
- Energy Transfer's Growth Potential: Energy Transfer (ET), despite past over-leverage risks, presents a 6.9% dividend yield and a management goal of 3% to 5% annual growth, indicating a commitment to steady growth that appeals to more aggressive investors.
See More
