Top 5 Stocks Under $15

2. Energy Transfer LP (NYSE:ET)

Stock Price as of August 29: $12.30

Energy Transfer LP (NYSE:ET) is a midstream energy company. It operates natural gas and natural gas liquids pipelines and storage facilities. According to our database, the company was a part of 36 hedge fund portfolios in the second quarter of 2022. Abrams Capital Management was the firm with the biggest stake in the company, with total shares valued at $220.80 million.

On August 24, Energy Transfer LP (NYSE:ET) announced its 20-year deal with Shell plc (NYSE:SHEL) to supply 20 million metric tons of liquified natural gas per annum. The LNG will be supplied through the company’s Lake Charles LNG export project in Louisiana. Energy Transfer LP (NYSE:ET) will be supplying a total of approximately 8 million metric tons of LNG from the facility through multiple agreements made in the last five months. The first delivery to Shell plc (NYSE:SHEL) is expected to start in 2026.

On July 26, Energy Transfer LP (NYSE:ET) declared a quarterly dividend of $0.23, a 15% increase from the prior quarter. The quarterly dividend was paid out on August 19 to the shareholders of record on August 8. As of August 30, the company has a dividend yield of 7.58%. Furthermore, the company is targeting to return to the previous distributions of $0.305 per quarter, which means that the investors can expect close to over a 30% increase from the current levels.