10 Stocks on Jim Cramer’s Radar

8. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 37

Looking to add a dividend stock to their portfolio, a caller inquired about Energy Transfer LP (NYSE:ET). Here’s what Cramer had to say:

“I’m going to give a twofer that I like, I like Energy Transfer and I like Pink who is also from Doylestown.”

Energy Transfer (NYSE:ET) operates a large network of pipelines and related infrastructure that move natural gas and crude oil through Texas, Oklahoma, and several other states. In February, when asked about ET, Cramer replied:

“Yes. ET is smart. I mean, look, you buy, this is the way you buy ET, just so you know, this is a pipeline company. You, you, you buy it by the percentage yield. So it’s got a 7% yield now, you buy some, 8, you buy some, 9, you buy some. That’s how you buy these stocks and I’m gonna continue to pound that that’s the way to do it.”