Analysts back trio of dividend-energy plays for steady income
TL;DR Summary
TipRanks-tracked analysts highlight Energy Transfer (ET), Permian Resources (PR), and Sempra Energy (SRE) as dividend-paying picks with solid cash flow and growth potential. ET yields about 6.3% (annualized $1.36), PR about 2.7% ($0.64), and SRE about 3.1% ($2.63). JPMorgan’s Jeremy Tonet reiterates Buy on ET with a higher target after a Q2 beat and EBITDA guidance raise; Goldman Sachs’ Neil Mehta lifts PR’s target on improved oil growth and free cash flow; Jefferies’ Julien Dumoulin-Smith upgrades SRE amid Texas capex plans. The picks underscore income with upside from energy infrastructure and utilities in a volatile market.
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