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 9.44% distribution. Morgan Stanley has set its price target at $17. Energy Transfer stock has a consensus target of $17.29, but its most recent close was at $13.14.
KeyCorp
Shares of this top regional player are quite cheap at current levels for investors looking at financials. KeyCorp (NYSE: KEY) operates as the bank holding company for KeyBank National Association, which provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses.
KeyCorp also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets banner.
KeyCorp stock comes with a 6.66% dividend. The Goldman Sachs price target is $16, and the consensus target is $12.85. The shares closed on Wednesday at $11.90.
Omega Healthcare Investors
This company is in one of the fastest-growing subsectors of the real estate investment trust industry. Omega Healthcare Investors Inc. (NYSE: OHI) is a publicly traded, internally managed health care REIT focused on owning skilled nursing facilities. Most of its assets are such facilities, but the company also owns assisted living facilities, specialty facilities and a medical office property.
Omega’s portfolio of assets is operated by a diverse group of health care companies, predominantly in a triple-net lease structure. The assets span all regions within the United States, as well as in the United Kingdom. The company’s tenants generally have lower exposure to Medicare, which is where the funding pressures tend to remain, and less than 10% of revenues come from tenants with rent coverage below 1.0 times. In addition, the tenant base is well diversified.
The distribution yield is 8.46%. The $33 Raymond James price target compares with a consensus target of $31.81. Omega Healthcare Investors stock closed on Wednesday at $31.81 as well.
OneMain
This off-the-radar company has been around for over 100 years. OneMain Holdings Inc. (NYSE: OMF), a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites and services personal loans secured by automobiles or other titled collateral, or unsecured.
OneMain also offers credit cards and insurance products, comprising life, disability and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states, as well as through its website.
Billionaire George Soros has a big position in the company, as he bought 275,000 shares in the fourth quarter of 2022. With solid books and risk controls that keep net charge-offs low, the company offers big-time risk-reward for investors.
OneMain stock investors receive an 8.79% dividend. Royal Bank of Canada’s $53 target price compares with a $52.62 consensus target and Wednesday’s closing print of $45.21.
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