The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG and bitumen; and provides fuel payment solutions. It operates approximately 15,500 service stations.
Investors receive a 3.91% dividend. TotalEnergies stock has an $80 price target at BofA Securities. The $63.98 consensus target is closer to Wednesday’s close at $61.15 a share.
Williams Companies
This top energy company is a solid pick for investors who are more conservative and looking for exposure to LNG. Williams Companies Inc. (NYSE: WMB) operates as an energy infrastructure company primarily in the United States.
Its Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines, as well as natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing and fractionation activities in the Marcellus Shale region, primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio.
The West segment comprises gas gathering, processing and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana and the Mid-Continent region, which includes the Anadarko, Arkom, and Permian basins. It also includes NGL and natural gas marketing operations, as well as storage facilities.
Shareholders receive a 4.53% dividend. Raymond James’s $40 price objective compares with a $37.60 consensus target. Williams Companies stock closed on Wednesday at $37.49.
These seven companies can profit from the ongoing higher energy prices and offer more conservative investors a solid way to play the sector. With everything from one the world’s largest integrated energy giants to the top energy master limited partnerships and one of the biggest refining companies, they are seven ways to generate income and participate in the biggest rally in the energy and oil space since 2011, which looks to continue the rest of 2022 and perhaps beyond.
Originally posted at 24/7 Wall St.
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