Recent Buy: Energy Transfer LP (ET)

ID-100426334 Recent Buy: Energy Transfer LP (ET)I added more shares to my current position of Energy Transfer LP (ET)

144 shares @ $11.59 on 11/19/2019.

This increases my forward 12-month dividend income by $145.22 to a total of $9,978.77. I also updated my portfolio page to reflect the change.

 

 

 

My Thoughts

Energy Transfer is the second Master Limited Partnership (MLP) in my portfolio. The first one is Kinder Morgan, Inc. (KMI).

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The company owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Operations include natural gas transportation and storage along with crude oil, natural gas liquids and refined product transportation and storage totaling 83,000 miles of pipelines.

ET has been growing dividends for the past 13 years. It has a 5-year dividend growth rate of 13.4% and a 10-year dividend growth rate of 9.6%. The most recent increase was 3.39% on January 2018. The company currently sports a 10.23% dividend yield as of this writing.

CFRA analytes expect EPS CAGR of 18% for the next 3 years. Other analytes expect a little lower growth of 12%. Either way, they are both great growth rates.

 

energy-transfer Recent Buy: Energy Transfer LP (ET)

Source: Fastgraphs.com

 

What do you think about the company? Plan on owning it or already do? or why not?

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