|Bid||21.11 x 1100|
|Ask||23.00 x 1000|
|Day's Range||21.37 - 21.92|
|52 Week Range||15.06 - 24.38|
|Beta (3Y Monthly)||2.08|
|PE Ratio (TTM)||20.03|
|Forward Dividend & Yield||2.26 (10.58%)|
|1y Target Est||N/A|
The yield spread between the Alerian MLP Index yield and the US ten-year Treasury yield contracted to 5.0% at the end of Q3 from 5.1% at the end of Q2. The AMZ yield fell until the middle of August but rose again to 8.0% at the end of Q3, the same level as at the end of Q2. However, the ten-year Treasury yield rose to 3.07% at the end of Q3 from 2.85% at the end of Q2. The rise in Treasury yield contributed to the shrinking of the spread between AMZ and the Treasury yield.
Andeavor Logistics (ANDX), Magellan Midstream Partners (MMP), and Plains All American Pipeline (PAA), top Alerian MLP Index constituents by market capitalization, are trading at price-to-DCF (distributable cash flow) ratios higher than the peer average. Andeavor Logistics, Magellan Midstream Partners, and Plains All American Pipeline are trading at price-to-DCF ratios of ~12.4x, 14.6x, and 17.2x, respectively.
Royalty interest owner MLP Viper Energy Partners (VNOM) rose ~32% in the third quarter. The stock has risen ~86% year-to-date. Viper Energy Partners’ interest in the Permian Basin, which has witnessed strong activity, as well as support from sponsor Diamondback Energy (FANG), has contributed to the stock’s outperformance in 2018. Learn more in Why Viper Energy Partners Is Analysts’ Favorite Upstream Company and VNOM, BSM: Comparative Analysis of Two Mineral Interest MLPs.
The Alerian MLP Index, a benchmark index for energy MLPs, rose 4.5% in the third quarter of 2018. The index ended with gains for the second straight quarter. It rose 9.5% in the second quarter. The gains in Q2 and Q3 were, however, largely offset by the index’s fall in the first quarter. Year-to-date, the index was down 0.1% at the end of the third quarter. In comparison, the SPDR S&P 500 ETF (SPY) rose 7.2% in the third quarter. Crude oil prices fell ~1.2% in the third quarter. Oil prices are up ~21% year-to-date.
The Oppenheimer Steelpath MLP Select 40 Fund (MLPFX) and the Oppenheimer Steelpath MLP Income Fund (MLPDX) have generated positive YTD (year-to-date) returns of 0.5% and 1.2%, respectively. The two funds offer a yield of 8.7% and 11.1%, respectively. MLPFX and MLPDX are among the top MLP open-end funds. Both have assets under management of ~$3.5 billion.
Fund flows into top MLP ETFs fell significantly in the third quarter. The Alerian MLP ETF (AMLP) had a net outflow of $864 million in the third quarter. The ETF had a net inflow of $912 million in the second quarter and $501 million in the third quarter of 2017. Inflows into the First Trust North American Energy Infrastructure Fund (EMLP) fell to $35 million compared to $161 million in the third quarter of 2017. The Global X MLP ETF (MLPA) saw a net outflow of $6 million compared to an inflow of $70 million in the third quarter of 2017.
Energy Transfer Equity (ETE) paid a distribution of $0.31 per unit in the third quarter, which shows an annualized distribution of $1.22 per unit for 2018—growth of 6% compared to last year.
With its recent strength, Energy Transfer Equity (ETE) has broken above its 50-day moving average, its near-term resistance. It’s currently trading at $18.09, ~1% and 7% above its 50-day and 200-day moving averages, respectively.
Energy Transfer Equity (ETE) stock rose nearly 4% on October 1 after crude oil futures rose ~3% on the day. Energy Transfer Equity is one of the most sensitive stocks to crude oil prices among midstream companies.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Energy Transfer Partners, L.P. (ETP) have what it takes? Let's find out.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Alerian MLP Index (AMZ) is trading at a yield of ~7.9%, which is ~5% higher than US ten-year Treasury yields. Usually, MLP yields move in the same direction as Treasury yields in the long term. MLP yields trade at a spread over Treasuries. Investors expect a premium for the additional risk that comes with MLPs compared to risk-free Treasuries.
Energy Transfer Equity (ETE) paid a distribution of $0.31 per unit for the third quarter, which represents an annualized distribution of $1.22 per unit for 2018—an increase of 6% year-over-year. In comparison, Williams Companies (WMB) paid a dividend of $0.34 per share, which implies an annualized dividend of $1.36 per share. The dividend growth is more than 13% year-over-year.
Energy Transfer Equity’s (ETE) subsidiary, Energy Transfer Partners (ETP) has notable exposure to the Permian region—the most prolific basin in the country. Energy Transfer Partners also has several expansion projects ongoing in the region. The region continues to experience strong drilling activity. Energy Transfer Equity witnessed 29% EBITDA growth during the first half of 2018—compared to the same period last year.
North Dakota's daily crude production in July broke the previous all-time high set in May, while natural gas output and producing wells also hit records.
Energy Transfer Partners LP (ETP) CEO Kelcy L. Warren bought 2,000,000 shares on Sept. 10 at a price of $22.42. Energy Transfer Partners LP is engaged in crude oil operations, consisting of an integrated set of pipeline, terminalling, and acquisition and marketing of crude oil from producers to end-user markets.
Conventional wisdom says that insiders and 10-percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. Energy Transfer Partners LP (NYSE: ETP) saw CEO Kelcy Warren step up to the buy window again this past week. The more than 1.63 million shares of this natural gas and propane company acquired, at per-share prices ranging from $22.22 to $22.65, cost him more than $36.74 million.
Moody's Investors Service ("Moody's") assigned ratings to PES Holdings, LLC (PES), including a B2 Corporate Family Rating (CFR), a B2-PD Probability of Default Rating (PDR), a Ba2 rating to Tranche ...
According to Wall Street analysts’ consensus estimates, Energy Transfer Equity (ETE) has a median price target of $21.44 compared to its current market price of $17.63, which implies an estimated upside of ~22% over the next 12 months.
On September 11, Energy Transfer Equity’s (ETE) implied volatility was 23%, higher than its 15-day average. Implied volatility measures investor nervousness, and a rise in implied volatility is normally associated with a fall in a stock’s price. Energy Transfer Partners (ETP) had implied volatility of 23% recently.
Now let’s take a look at Energy Transfer Equity’s (ETE) total returns. In the past year, ETE has returned 6%, while in the last five years, it has returned more than 7% compounded annually. We’ve considered both stock appreciation and distribution payments in our calculation of ETE’s total returns.
Energy Transfer Equity (ETE) stock is currently trading at $17.63, ~1% below its 50-day moving average and 4% above its 200-day moving average.