Through its ownership of Energy Transfer Operating (formerly known as Energy Transfer Partners), the company also owns Lake Charles LNG, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco and the general partner interests, and 39.7 million common units of USA Compression Partners.
Investors receive a 9.74% distribution. Morgan Stanley has set its price target on Energy Transfer stock at $17. The consensus target is $16.87, and shares closed on Wednesday at $12.48.
IBM
This blue chip legacy tech giant is still offering investors a solid entry point and it posted solid first-quarter results. International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of IT hardware, business and IT services, and a full suite of software solutions. The company integrates its hardware products with its software and services offerings in order to provide high-value solutions.
As mentioned, the company posted solid first-quarter numbers. The cloud proved to be big in the earnings reports, as did Red Hat, the software giant the firm bought in 2019. Red Hat’s open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM’s innovation and industry expertise, and sales leadership in more than 175 countries. Analysts have cited the company’s potential in the public cloud as a reason for their positive outlook going forward.
Shareholders receive a 5.27% dividend. Stifel has a $140 price objective, while IBM stock has a $142.07 consensus target. Wednesday’s closing print was $125.85.
Kohl’s
This top retail stock still offers an excellent entry point and a big dividend. Kohl’s Corp. (NYSE: KSS) operates department stores in the United States. The company offers private label, exclusive and national brand apparel, footwear, accessories, beauty and home products to children, men and women customers. The company also sells its products online.
With the economy struggling, consumers increasingly are turning to discount retailers for clothes, food and many additional items, and Kohls has a legendary following of value-seeking customers that shop at the retailer through good and bad times. When the use of privately branded credit cards rises, so does the bottom line at the company.
Some top analysts feel that the bankruptcy at Bed Bath & Beyond will be a positive for the company as bargain-hunting shoppers look to retailers like Kohl’s. Note though that there is the potential for the company to lower its dividend.
Kohl’s stock comes with an 8.70% dividend. The price target at Guggenheim is $38, well above the $27.17 consensus target. The stock closed on Wednesday at $21.53.
LyondellBasell
This top chemical company with a sterling balance sheet is a solid buy for conservative investors. LyondellBasell Industries N.V. (NYSE: LYB) manufactures chemicals and polymers, refines crude oil, produces gasoline blending components and develops and licenses technologies for production of polymers.
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