Raymond James Sees Attractive Outlook for Energy Transfer (ET), Adds to Favorites

Energy Transfer LP (NYSE:ET) is included among the 15 Dividend Stocks to Buy for Steady Income.

On March 19, Raymond James added Energy Transfer LP (NYSE:ET) to its Analyst Current Favorites list. The list highlights top stock ideas from the firm’s equity analysts, with each analyst limited to one “buy” idea at a time. In this case, the analyst said the relative outlook for Energy Transfer looks very attractive.

In a CNBC report published on March 17, Adam Baker pointed to Energy Transfer as a name drawing more investor attention. A big part of that interest ties back to its role in supporting data center infrastructure. He noted that the company signed agreements last year with Oracle Corporation and CloudBurst Data Centers, which helped place it within that theme.

Baker also pointed to a potential new catalyst. He said Qatar’s shutdown of its liquefied natural gas production has started conversations around further growth in the US. LNG market. In his view, the US is in a strong position to benefit, given its existing infrastructure and large natural gas supply. He added that concerns about an oversupply of natural gas may now be pushed further out. The glut narrative, as he sees it, is likely delayed until at least 2027.

Energy Transfer LP (NYSE:ET) operates a large and diversified portfolio of energy assets across the U.S. The company owns more than 140,000 miles of pipeline and related infrastructure, with a network that spans 44 states and connects major production basins.

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