Top Wall Street analysts tout these energy stocks for attractive dividends

Adding dividend-paying stocks to a portfolio helps enhance total return while ensuring income and diversification. Moreover, the appeal of dividend stocks increases as interest rates decline, as is currently the case.

Mehta ranks No. 391 among more than 9,200 analysts tracked by TipRanks. His ratings have been profitable 62% of the time, delivering an average return of 11%. See), a midstream energy company that is structured as a limited partnership. In November, the company made a quarterly cash distribution of $0.3225 per common unit for the third quarter, a 3.2% year-over-year rise. Based on an annualized distribution of $1.29 per common unit, ET pays a yield of 6.8%.

Overall, Tonet thinks that ET is trading at a discounted price, offering a lucrative entry point for investors."We see logistics, particularly and Marcus Hook exports, as key growth engines for ET, particularly given global LPG demand growth," said Tonet. At its Investor Day, EPD emphasized that one of its key operating objectives for 2024 was to enhance the reliability and utilization rates of its two propane dehydrogenation plants. Tonet said EPD expects its PDH enhancements to deliver an incremental $200 million in cash flows.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Top Wall Street analysts like these dividend-paying stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including IBM and Ares Capital.
Fuente: NBCDFW - 🏆 288. / 63 Leer más »

Top Wall Street analysts pick 3 stocks for their attractive prospectsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including ServiceNow and Snowflake.
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »

Top Wall Street analysts are upbeat on these stocks for the long haulTipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Amazon and Uber Technologies.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Top Wall Street analysts are bullish on these dividend stocksTipRanks’ analyst ranking service highlights three dividend-paying stocks, including Exxon Mobil and Walmart.
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »