5 Most Promising Dividend Stocks According to Analysts

3. Energy Transfer LP (NYSE:ET)

Upside Potential as of December 20: 33.2%

Energy Transfer LP (NYSE:ET) is a Texas-based company that is involved in the transportation and storage of natural gas, crude oil, and refined products. The company maintains an eight-year streak of consistent dividend growth, which makes ET one of the most promising stocks on our list. It currently pays a quarterly dividend of $0.3125 per share and has a dividend yield of 9.04%, as recorded on December 24.

As per Insider Monkey’s database of Q3 2023, 34 hedge funds owned stakes in Energy Transfer LP (NYSE:ET), which remained the same as in the previous quarter. The overall value of these stakes is over $803.2 million. Among these hedge funds, Abrams Capital Management was the company’s leading stakeholder in Q3.

Follow Energy Transfer Lp (NYSE:ET)