With a Nearly 7% Yield and Soaring Profits, Is Energy Transfer Stock a Buy?
The midstream MLP looks like a top dividend stock to own.
Overview
As a huge energy arbitrageur, Energy Transfer (NYSE: ET) is one of the best companies in the world at benefiting from energy market volatility. That showed up when the master limited partnership (MLP) reported its Q2 results and once again raised its full-year forecast. The stock is now up about 25% on the year.
Let's dig into the midstream company's results and why the stock still looks like a buy.
Image source: The Motley Fool.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.