5 Best Single Digit Stocks to Buy Now

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1. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 29

Energy Transfer LP (NYSE:ET) recently announced its Q3 results on November 3 and reported revenue of $16.6 billion, presenting a 67.4% growth from the prior-year quarter. Energy Transfer LP (NYSE:ET) is an American company engaged in natural gas and propane pipeline transport.

As of Q2, 29 hedge funds tracked by Insider Monkey reported owning stakes in Energy Transfer LP (NYSE:ET), up from 25 in the previous quarter. The total value of these stakes is over $835.2 million, compared with $647.7 million. Abrams Capital Management is the company’s leading shareholder in Q2, with shares worth $235 million.

This September, BofA reinstated its coverage of Energy Transfer LP (NYSE:ET) with a Buy rating and a $14 price target. Since the beginning of the year, Energy Transfer LP (NYSE:ET) delivered a 52.4% return to shareholders, while the stock gained 66.07% in the past year.

You can also take a look at 10 Cheap Stocks To Invest In (February 2021) and 10 Best Cheap Stocks To Buy Now

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