5 Tax-Advantaged MLPs with High Dividend Yields

In this article, we will be taking a look at 5 tax-advantaged MLPs with high dividend yields. To read our detailed analysis of dividend investing, you can go directly to see the 10 Tax-Advantaged MLPs with High Dividend Yields.

5. Energy Transfer LP (NYSE: ET)

Number of Hedge Fund Holders: 29
Dividend Yield: 6.43%

Energy Transfer LP (NYSE: ET) is a provider of energy-related services through its natural gas transportation pipelines spanning about 9,400 miles, and its three natural gas storage facilities in Texas. The company also owns about 12,340 miles of interstate natural gas pipelines. It ranks 5th on our list of tax-advantaged MLPs with high dividend yields.

This July, Keith Stanley, an analyst at Wolfe Research, upgraded shares of Energy Transfer LP (NYSE: ET) from Peer Perform to Outperform. The analyst also raised the stock’s price target to $13.

In the second quarter of 2021, Energy Transfer LP (NYSE: ET) had an EPS of $0.20, missing estimates by $0.07. The company’s revenue was $15.10 billion, up 105.79% year over year and beating estimates by $178.09 million. Energy Transfer LP (NYSE: ET) has gained 24.08% in the past 6 months and 55.41% year to date.

By the end of the second quarter of 2021, 29 hedge funds out of the 873 tracked by Insider Monkey held stakes in Energy Transfer LP (NYSE: ET) worth roughly $835 million. This is compared to 25 hedge funds in the previous quarter with a total stake value of approximately $647 million.

Miller/Howard Investments, an investment management firm, mentioned Energy Transfer LP (NYSE: ET) in its first-quarter 2021 investor letter. Here’s what they said:

“Another upweight was Energy Transfer (ET), which was selling at a discount on EV/ EBITDA compared with the portfolio and had an attractive +20% FCF yield. Further, ET’s ample FCF should exceed the current distribution even if the Dakota Access Pipeline were to be shut down.”