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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Energy Transfer LP (NYSE:ET) is included among the 12 Most Promising Dividend Stocks According to Wall Street Analysts.
Energy Transfer LP (NYSE:ET) is a North American diversified midstream energy company. With the growing need for reliable power in fast-expanding sectors like data centers, demand for natural gas is on the rise, and Energy Transfer appears well-positioned to benefit. The company already transports about 30% of all US natural gas, connecting key production regions to consumers and export hubs. Earlier this year, it signed a multiyear agreement with CloudBurst to supply natural gas to data centers supporting up to 1.2 gigawatts of power. In its latest investor presentation, the company also noted receiving requests to connect nearly 200 data centers to its network.
Energy Transfer LP (NYSE:ET) plans to invest $5 billion this year in expansion projects, including growth in the Permian Basin, the Hugh Branson pipeline aimed at serving Texas’ data center market, and the Nederland Flexport NGL terminal, which is the world’s second-largest natural gas liquids export site.
With its strong project pipeline and multiple growth opportunities, Energy Transfer LP (NYSE:ET) is well positioned to sustain dividend growth and continue delivering solid returns to shareholders. The company has already increased its payouts for 14 consecutive quarters and currently offers a quarterly dividend of $0.33 per share. As of October 8, the stock has a dividend yield of 7.92%.
While we acknowledge the potential of ET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 14 Best Food Dividend Stocks To Buy According to Analysts and Dividend Champions List: Top 15 Stocks to Buy.
Disclosure: None.
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