5 Best Money-Making Stocks To Buy Now

4. Energy Transfer L.P. (NYSE:ET)

Number of Hedge Fund Holders: 36

Energy Transfer L.P. (NYSE:ET) is undervalued and is offering a strong dividend yield. The stock has a trailing twelve-month PE ratio of 9.43 and is offering a forward dividend yield of 7.80%, as of October 19. The company has free cash flows of $5.87 billion and is up 36.39% for the year, as of October 19. Energy Transfer L.P. (NYSE:ET) is ranked high among the best money-making stocks to buy now.

On September 12, the executive chairman of Energy Transfer L.P. (NYSE:ET), Kelcy Warren, disclosed the purchase of roughly 2.42 million shares of the company’s common stock. On October 19, Morgan Stanley analyst Robert Kad raised his price target on Energy Transfer L.P. (NYSE:EP) to $17 from $15 and reiterated an Overweight rating on the shares.

At the close of Q2 2022, Energy Transfer L.P. (NYSE:ET) was spotted on 36 hedge fund portfolios. The collective stakes of these hedge funds in the company amounted to $598.5 million. As of June 30, Abrams Capital Management is the largest investor in Energy Transfer L.P. (NYSE:ET) and has stakes worth $220.8 million in the company.