Jim Cramer on Energy Transfer: “This is Another Great Long-Term Performer”

Energy Transfer LP (NYSE:ET) is one of the stocks Jim Cramer highlighted as potential winners from the US-EU deal. Cramer mentioned the company and suggested collecting its attractive dividends. He remarked:

“Hey, speaking of good yields, some of the best natural gas-oriented pipelines have huge benefits, and they’re winners too if Europe imports a lot more liquified natural gas from the US. Wow. Listen to this, Energy Transfer LP. Okay, now you called me about that a lot of times. It’s one of the largest players in the space, providing natural gas gathering, compression, treating, storage, transportation, and marketing services with nearly 107,000 miles of pipeline, 235 billion cubic feet of storage capacity, and more than 70 natural gas processing and treatment facilities.

This is another great long-term performer. The stock’s roughly tripled over the past five years after they digested a lot of debt. Plus, while you wait for the potential EU trade benefit to kick in, you can sit back and collect big fat dividends. The Energy Transfer dividend gives you a yield of 7.5%.”

Pixabay/Public Domain

Energy Transfer (NYSE:ET) provides energy services, including the transportation, storage, and processing of natural gas, crude oil, and natural gas liquids. Additionally, the company engages in fuel distribution, power trading, natural resource management, and infrastructure leasing.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.