Energy Transfer: An 8.4% Yielding Value Stock To Buy During Sticky Inflation

Yauhen Akulich/iStock via Getty Images Introduction On October 22, 2023, I wrote an article titled 2 Champs, 1 Winner: Energy Transfer’s 9% Yield Beats Enterprise Products’ 7% Yield.” Since then, Energy Transfer (NYSE:ET) shares have added roughly 7%, excluding dividends. After tremendous struggles during the pandemic and years with volatile oil and gas prices prior to that, the stock has returned roughly 60% over the past five years. Over the past three years, investors have seen a total return of 144%, which includes its dividend. Data by YCharts We are clearly seeing a massive shift in the market, which has…