Energy Transfer Soars 6.18% on Bank of America's Top Dividend Pick

On April 8, 2025, Energy Transfer's stock surged by 6.18% in pre-market trading, indicating a strong start to the day.

Energy Transfer has been highlighted as a top dividend stock for the second quarter of 2025 by Bank of America. The company's strong financials, strategic growth initiatives, and an attractive 8% dividend yield make it a compelling choice for income-focused investors.

Analysts have noted that the recent market panic has created a unique opportunity for investors to lock in a high-quality distribution yield of over 8% from Energy Transfer. The company's forward P/E ratio is considered low, with a fair value estimated at $26.60, suggesting potential for further growth.

Energy Transfer's focus on natural gas, rather than oil, positions it well for future growth. The company's strategic initiatives and strong financial performance have been cited as key factors driving its appeal to investors.