Is Energy Transfer a good value?

Have you ever heard of Energy Fintwit (#EFT)? No? Get the twitters on your phone and look up mrs. skilling...have a white claw while you're at it.

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I know their recent quarterly profit missed

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not really. Don't get caught up in those headlines for MLPs

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I don't understand why they are paying such a high dividend.

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They kind of aren't. Unit price is taking a beating so yield is naturally higher. Their coverage this past quarter was 1.9X, and self funding cqpital projects with the 0.9.

I would advise against it simply because not only the sentiment on that sector is out of whack, ET has also made enemies in Wall Street. Double whammy.
But yeah, the fundamentals are there.

I’ve owned it since before the merger and it was ETP. I’m down 20% at this point, and it just never seems to get out of its own way. The dividend is pretty high. I collect almost 50 shares this year through the drip.
I’m in no man’s land with it, so I keep it. Would I get into it today? Probably not.