Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 33.6%. But there is no question some big-name stocks performed better than others along the way.
Energy Transfer’s Big Run: One company that has been a great investment in the last year has been midstream oil and gas infrastructure company Energy Transfer LP (NYSE: ET).
Energy Transfer has been a terrible long-term investment, generating a total return loss of 19.7% over the past three years. However, improving energy market fundamentals and a major infrastructure spending bill have brought the stock back to life in the past year.
Oil and natural gas prices recently both hit multi-year highs as booming global demand recovery created energy supply shortages around the world, particularly in China. At the same time, Energy Transfer provides investors with a reliable 6.7% dividend yield, which is particularly attractive given historically low-interest rates.
Traditional oil and gas stocks have fallen out of favor with investors over the past decade as alternative energy stocks have become popular investments. Energy ...
Related tickers: SPY, ET, ENBL.
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