Is ET a growth stock? (2024)

Is ET a growth stock?

Earnings Growth

(Video) Is Energy Transfer a Buy Now!? | ET Stock Analysis
(Global Value)
Is it a good time to buy ET stock?

The average price target represents 31.76% Increase from the current price of $14.42. Energy Transfer LP's analyst rating consensus is a Strong Buy. This is based on the ratings of 7 Wall Streets Analysts.

(Video) Two-minute drill: ET
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Is ET a good dividend stock?

How does ET dividend yield compare to the market? Notable Dividend: ET's dividend (8.72%) is higher than the bottom 25% of dividend payers in the US market (1.51%).

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What are example of growth stocks?

Illustrative Examples
  • Amazon.com Inc. (AMZN) ...
  • 2. Facebook (FB) Facebook is another growth company that's been extremely successful over several years. ...
  • Apple Inc. (AAPL) ...
  • Netflix (NFLX) Netflix joins our list of profitable growth stocks.

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What is considered a growth stock?

Growth stocks are those companies expected to grow sales and earnings at a faster rate than the market average. Growth stocks often look expensive, trading at a high P/E ratio, but such valuations could actually be cheap if the company continues to grow rapidly which will drive the share price up.

(Video) Expert Analysis on Energy Transfer's Stock --- $ET
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Is ET a good long term stock?

(NYSE: ET) Energy Transfer's forecast annual revenue growth rate of 22.45% is forecast to beat the US Oil & Gas Midstream industry's average forecast revenue growth rate of 9.23%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 45.42%.

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How high will ET stock go?

Based on short-term price targets offered by 13 analysts, the average price target for Energy Transfer LP comes to $17.38. The forecasts range from a low of $14.00 to a high of $21.00. The average price target represents an increase of 20.95% from the last closing price of $14.37.

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Is ET stock safe?

Energy Transfer LP - Unit is listed as:

Safe(er) Stock in category.

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What is the safest dividend stock to buy now?

Rock-solid dividend stocks

Kinder Morgan, Equinix, and Lockheed Martin pay safe dividends and earn contractually secured revenue, enabling them to produce predictable cash flow. On top of that, they have very strong balance sheets. Those features make them some of the most bankable dividends for 2024 and beyond.

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What are the three best dividend stocks?

15 Best Dividend Stocks to Buy for 2024
StockDividend yield
United Microelectronics Corp. (UMC)7.4%
Washington Trust Bancorp Inc. (WASH)7.7%
Exxon Mobil Corp. (XOM)3.9%
National Storage Affiliates Trust (NSA)6%
11 more rows
Jan 19, 2024

(Video) Energy Transfer #ET Stock Analysis | BUY, SELL, or HOLD?!
(GrowthShares)

What stock will boom in 2024?

After surging over 190% last year, Meta has gotten off to a hot start in 2024. Following its fourth-quarter earnings report, Meta regained entry into the coveted trillion-dollar market cap club -- joining tech cohorts Microsoft, Apple, Alphabet, Nvidia, and Amazon.

(Video) Is Energy Transfer stock a buy? ET Stock Analysis. 9.98% high yield
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Which stock will boom in 2023?

Performance of the top 5 stocks of 2023
Stock SymbolMarket Price Rs52-Week High
M&M1,172.001,397.00
BRITANNIA4,301.854,669.20
NTPC177.90182.95
HINDUNILVR2,535.002,741.60
6 more rows
Dec 12, 2023

Is ET a growth stock? (2024)
Which stock will double in 2023?

Tata Motors share price has doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat this year. Tata Motors share price has doubled in 2023, making it the only stock in the Nifty 50 index to achieve this feat this year.

How do you know if a stock is a growth stock?

5 Characteristics of Good Growth Stocks
  1. A Strong Leadership Team. Growth companies focus on increasing their sales and profits. ...
  2. A Promising Growth Industry. ...
  3. Commanding Market Share. ...
  4. Strong Sales Growth. ...
  5. A Large Target Market.

Is Apple still a growth stock?

Apple (AAPL) stock outperformed in 2023 despite posting four straight quarters of declining sales. But without positive catalysts, it is likely to drop in 2024, a Wall Street analyst says. Barclays analyst Tim Long on Tuesday downgraded Apple stock to underweight, or sell, from equal weight, or neutral.

Which stocks to buy for next 5 years?

Growth stocks for next 5 years
S.No.NameCMP Rs.
1.Brightcom Group19.40
2.Rama Steel Tubes44.00
3.Easy Trip Plann.52.70
4.Radhika Jeweltec62.55
23 more rows

Who owns the most ET stock?

According to the latest TipRanks data, approximately 71.56% of Energy Transfer LP (ET) stock is held by retail investors. Kelcy Warren owns the most shares of Energy Transfer LP (ET).

Is ET a monthly dividend?

Regular payouts for ET are paid quarterly.

How many times a year does ET pay dividends?

Energy Transfer LP Dividend Information

Energy Transfer LP has an annual dividend of $1.26 per share, with a forward yield of 8.77%. The dividend is paid every three months and the next ex-dividend date is Feb 6, 2024.

What is the analyst opinion of ET?

According to the issued ratings of 5 analysts in the last year, the consensus rating for Energy Transfer stock is Buy based on the current 1 hold rating, 3 buy ratings and 1 strong buy rating for ET.

What is the 5 year forecast for ET stock?

Energy Transfer stock price stood at $13.97
YearMid-YearTod/End,%
2024$14.00+5%
2025$14.94+15%
2026$16.65+21%
2027$19.07+41%
8 more rows

Why is energy transfer stock dropping?

For the first three quarters of 2023, Energy Transfer's revenue dropped by more than $11 billion or 16% compared to the same period last year. While this drop is undoubtedly related to the volatility of the energy markets, Energy Transfer's cost of goods sold dropped commensurate with the drop in revenue.

Is energy transfers dividend sustainable?

To ensure the sustainability of dividends, a company must have robust growth metrics. Energy Transfer LP's growth rank of 6 out of 10 suggests that the company has a fair growth outlook.

Why is ET stock risky?

Since the actual investment returns on holding a position in energy stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Energy Transfer.

Will energy transfer be bought out?

Energy Transfer recently completed its merger with Crestwood Equity Partners. The deal created an even larger midstream giant.

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