5 Robinhood Stocks To Buy That Are Too Cheap To Ignore

In this article, we will be taking a look at 5 Robinhood stocks to buy that are too cheap to ignore. To see more such stocks, go to 10 Robinhood Stocks To Buy That Are Too Cheap To Ignore.

5. Energy Transfer L.P. (NYSE:ET)

Number of Hedge Fund Holders: 33

Share Price as of November 28: $12.36

Energy Transfer L.P. (NYSE:ET) is an energy company based in Dallas, Texas. The company owns and operates about 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas, alongside two more facilities in Texas and Oklahoma.

An Overweight rating was reiterated on Energy Transfer L.P. (NYSE:ET) shares on October 19 by analyst Robert Kad at Morgan Stanley. A price target of $17 was also placed on the stock.

Energy Transfer L.P. (NYSE:ET) is among the cheapest options in the high-yield midstream business today. The company is larger and better diversified than its competitors. In its third-quarter results, it showed solid progress towards deleveraging its balance sheet, showing over $2.3 billion in total available liquidity under its revolving credit facility.

There were 33 hedge funds long Energy Transfer L.P. (NYSE:ET) in the third quarter. Their total stake value was $614 million.