Abrams Capital 13F: 5 Best Value Stocks To Buy

3. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 34
PE Ratio as of October10: 11.41

Energy Transfer LP (NYSE:ET) is a company that operates in the energy sector, providing various services and products related to natural gas, crude oil, and natural gas liquids. Energy Transfer LP (NYSE:ET) boasts a substantial dividend yield of 9.21%, surpassing the energy sector’s average yield of 1.92%. Furthermore, its low price-to-earnings ratio (P/E) of 11.41 indicates it trades at a reduced earnings multiple.

The hedge fund managed by David Abrams owns 17.83 million shares in Energy Transfer LP (NYSE:ET) worth over $226.50 million, representing 6.51% of its portfolio. Energy Transfer LP (NYSE:ET) holds the third position on the Abrams Capital 13F list of the 10 best value stocks to buy.

At the end of Q2 2023, 34 hedge funds were bullish on Energy Transfer LP (NYSE:ET). This is compared to 35 positions in the previous quarter. The stock has a negative hedge fund sentiment.

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