10 Low PE High Dividend Stocks to Buy Now

7. Energy Transfer LP (NYSE:ET)

Forward P/E Ratio: 10.78

Dividend Yield as of February 16: 6.50%

Energy Transfer LP (NYSE:ET) is an American energy company that is engaged in pipeline transportation and storage for natural gas, crude oil, and other refined products. The company has gained from acquisitions, recently completed organic growth projects, and favorable market conditions. Over the past several quarters, it finalized three key acquisitions: Lotus Midstream in May 2023, Crestwood Equity Partners in November 2023, and WTG Midstream in July 2024. In addition, it established a joint venture with its affiliated MLP, Sunoco LP, to merge their crude oil and produced water-gathering assets in the Permian Basin.

In the fourth quarter of 2024, Energy Transfer LP (NYSE:ET) reported revenue of $5.27 billion, down 6.6% from the same period last year. The company’s adjusted EBITDA reached $3.88 billion, reflecting an 8% increase from $3.60 billion in the prior-year period. It anticipates its adjusted EBITDA for 2025 to fall between $16.1 billion and $16.5 billion. In addition, the Partnership projects approximately $5.0 billion in growth capital expenditures for 2025, while maintenance capital expenditures are expected to total around $1.1 billion.

Energy Transfer LP (NYSE:ET)’s cash position also came in strong. The company posted a distributable cash flow of $1.98 billion. The company currently offers a quarterly dividend of $0.325 per share, having raised it by 0.8% in January. Through this increase, it stretched its dividend growth streak to 13 years, which makes ET one of the best dividend stocks on our list. The stock has a dividend yield of 6.5%, as of February 16.