Should You Buy Energy Transfer Stock While It's Trading Below $20?

Energy Transfer (NYSE: ET) is a large midstream master limited partnership (MLP). The big attraction for most investors here will be the lofty 7.8% yield backed by a growing distribution. In fact, the quarterly distribution was just increased again, extending the MLP's quarterly increase streak that started in the fourth quarter of 2021.But is Energy Transfer stock worth buying while it's trading below $20?As noted, Energy Transfer is an MLP that operates in the midstream sector. From a big picture perspective, it helps move oil and natural gas from where it is produced to where it gets used. It largely gets paid fees for the use of its assets, so cash flows tend to be fairly reliable even during energy industry downturns.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool