Energy Transfer: the ideal stock to take advantage of falling interest rates
Energy Transfer $ET, which specializes in medium-term energy services, is the "ideal stock" in his portfolio , according to Kenny Polcari. Polcari particularly appreciates the company's strong position in the industry and its attractive dividend yield of 7.99%. The company has seen a 17.4% increase in share value this year , confirming its growth potential even in a difficult macroeconomic environment.
Analytical assessment
According to FactSet, 18 of the 20 analysts covering Energy Transfer $ET rate the stock a "buy" or "overweight," indicating strong confidence in its future performance. The remaining two analysts rate the stock a " hold." The average analyst price target is $19.25, representing a potential upside of 19% from current levels.
The reason for the popularity
Polcari mentions that Energy Transfer $ET appears to be a good option for yield-seeking investors, especially in an environment of falling interest rates. Its stable position as a market leader and high dividend yield make it an attractive choice not only for its growth potential but also for its regular dividend income, an important factor for long-term investors.
Stocks that rise when interest rates fall are currently a great choice.
If this stock were to rise as interest rates fall, now would be an ideal time to buy.
The dividend here is very decent, but I don't want to buy just for the dividend. We'll see what the next results are.
The stock is up quite a bit right now and the price is not too low. I won't be buying.
Whoever caught it in the covid is laughing now. I haven't bought the company, but it looks interesting to say the least.
The stock is steadily rising and the dividend is quite high, which is an ideal combination. I'm not familiar with this company, but I'm adding it to my watchlist.