Energy Transfer LP, with the ticker ET, is a large-cap oil and gas midstream company operating in the energy business sector. This is the fifth of five energy sector candidates competing for the fifty-first slot in my Viital folio. It is my first report on ET for my Viital portfolio. I have discussed ET for previous portfolios.

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region.

It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution.

Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.

The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018.

The company was founded in 1996 and is headquartered in Dallas, Texas.

Three key data points gauge any dividend equity or fund, such as Energy Transfer LP:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

ET Price

Energy Transfer’s price per share was $11.35 after yesterday’s market close.  One year ago its price was $9.49.  So, Enterprise’s share price rose by $1.86 or about 20% in the past year.

If Energy Transfer’s stock trades in the range of $6.00 to $18.00 this next year, its recent $11.35 share price might rise by $2.65 to reach $14.00 by next year. My $2.65 upside estimate is $01.85 under the median of annual price target upsides projected by 17 analysts tracking Energy Transfer’s stock for brokers.

ET Dividends

Energy Transfer’s most recently declared quarterly dividend of $0.23 per share was paid August 19th to shareholders on record as of August 5th.

Since April 2006 ET has paid quarterly dividends, increasing generally annually since 2020 The current forward-looking annual dividend of $0.92 casts an annual yield 8.11% as of yesterday’s $11.35 share price.

ET Returns

Adding the $0.92 ET annual dividend to my estimated one-year price upside estimate of $2.65 shows a $3.57 potential gross gain, per share, to be reduced by any costs to trade Energy Transfer shares.

At yesterday's $11.35 closing price, a little over $1000 would buy 88 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us $0.11 per share.

Subtract that maybe $0.11 brokerage cost from my estimated $3.57 gross gain estimate per share results in a net gain of $3.46 X 88 shares = $304.48 for a 30.4% net gain including an 8.11% forward-looking annual dividend yield.

Over the next year our $1K investment in Energy Transfer LP  shares could generate $81.10 in cash dividends. Of course, a single share of ET stock bought at yesterday's $11.35 price is over seven times less than the dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this is a positive time to acquire ET shares based on their forward looking dividends for the year 2022. The forecast annual dividend from $1K invested is 7.15 times greater than yesterday’s single share price. Consider yourself alerted. Now is the time.

All of the estimates above are speculation based on the past history of Energy Transfer LP Only time and money invested in this stock will determine its market value.

More By This Author:

Daily Stock Analysis: Williams Companies
Current Report: Enterprise Products Partners
Current Report: Magellan Midstream Partners