10 Best Value Stocks to Invest in Now

5. Energy Transfer (NYSE:ET)

Forward P/E Ratio as of October 9: 9.74

Number of Hedge Fund Holders: 36

Energy Transfer (NYSE:ET) is one of the best value stocks to invest in now. On September 26, Transwestern Pipeline Company LLC, which is a subsidiary of Energy Transfer, announced the launch of a binding open season for its new Desert Southwest expansion project. The Desert Southwest expansion is designed to transport natural gas supplies from the Permian Basin to markets in the Desert Southwest, specifically in New Mexico and Arizona, via a system expansion across Texas, New Mexico, and Arizona.

The project involves a combination of new large-diameter pipeline, compression, and metering facilities. It will be capable of transporting a minimum of 1.5 billion cubic feet per day of natural gas from various receipt points in the Permian Basin to existing and new delivery points.

Transwestern has already secured sufficient binding commitments to proceed with the project. Additional binding commitments submitted during this open season will be used to determine the optimal final size and design of the expansion. The project is expected to be completed in Q4 2029, pending necessary regulatory approvals, permits, and other related authorizations.

Energy Transfer (NYSE:ET) provides energy-related services in the US. It has several segments: Intrastate Transportation & Storage, Interstate Transportation & Storage, Midstream, Natural Gas Liquid/NGL & Refined Products Transportation & Services, Crude Oil Transportation & Services, Investment in Sunoco LP, Investment in USA Compression Partners, LP/USAC, and All Other segments.