|Bid||10.95 x 1400|
|Ask||10.96 x 3200|
|Day's range||10.91 - 11.19|
|52-week range||7.96 - 12.48|
|Beta (5Y monthly)||1.92|
|PE ratio (TTM)||10.23|
|Earnings date||01 Aug 2022 - 05 Aug 2022|
|Forward dividend & yield||0.80 (6.82%)|
|Ex-dividend date||06 May 2022|
|1y target est||15.44|
Russia's invasion of Ukraine has made energy security a priority for a growing number of countries. The energy industry needs to build more pipeline capacity to transport natural gas to new liquefaction and export terminals. Two leaders in developing natural gas infrastructure are Energy Transfer (NYSE: ET) and Kinder Morgan (NYSE: KMI).
Energy Transfer (NYSE: ET) has a long history of developing infrastructure projects to support growing energy demand. The company has built thousands of miles of pipelines, multiple oil and gas processing facilities, and several storage and export terminals over the years. The master limited partnership (MLP) currently expects to invest upwards of $2.1 billion this year in expanding its energy infrastructure network.
Three notable winners year-to-date are Enbridge (NYSE: ENB), Marathon Oil (NYSE: MRO), and Energy Transfer (NYSE: ET). Reuben Gregg Brewer (Enbridge): The energy sector has done quite well in 2022 thanks to rising oil prices, and it has carried Canada's Enbridge along for the ride.