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Summary: Energy Transfer (NYSE: ET) is a prominent player in the energy sector, focused on the transportation and storage of natural gas and crude oil. A convenient way to buy Energy Transfer stock is through a reputable brokerage platform like eToro.
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About Energy Transfer
Energy Transfer is a leading provider of natural gas and crude oil transportation and storage services in the United States. The company operates a vast network of pipelines, terminals, and storage facilities, facilitating the transportation of energy products across various regions. With a diversified portfolio and strategic assets, Energy Transfer plays a crucial role in the energy infrastructure landscape.
If you’re looking for other pipeline stocks, you can check out our guides on:
- How to Buy Enterprise Products Partners Stock;
- How to Buy Kinder Morgan Stock;
- How to Buy Williams Companies Stock;
- How to Buy Oneok Stock.
Energy Transfer IPO
Energy Transfer went public through an IPO in 2006. Currently, it’s listed on the New York Stock Exchange (NYSE) under the stock symbol ET.
How to buy Energy Transfer stock: Step-by-step
If you’re looking to buy Energy Transfer stock, you can do so easily by following our step-by-step guide in the section below.
Step 1: Choose the right broker
The first step in buying Energy Transfer stock is selecting a brokerage platform. Namely, a brokerage is a firm that facilitates buying and selling securities, including stocks. There are many brokerage options available, both traditional and online. Nevertheless, our go-to broker is eToro, a popular platform with a range of useful features, including:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you’ve chosen a broker, you’ll need to fund your account. Most brokers offer various funding options, including bank transfers, wire transfers, and electronic transfers from other brokerage accounts. To do so, simply follow your broker’s instructions to deposit funds into your account, and you’ll be set for the next step.
Step 3: Place your order
After funding your account, you’ll be ready to place an order to buy Energy Transfer stock. Here’s how to do it:
- Log in to your brokerage account;
- Navigate to the trading platform;
- Enter the ticker symbol for Energy Transfer, which is ET;
- Specify the number of shares you want to purchase;
- Choose the type of order you want to place;
- Review your order details and submit the order.
Once the order executes, you’ll become a shareholder of Energy Transfer.
Pros and cons of buying Energy Transfer stock
Pros
- Growth potential: Energy Transfer operates in a vital sector and has opportunities for expansion, which could lead to stock price appreciation;
- Dividend income: The company pays dividends to its shareholders, providing a source of passive income;
- Diversification: Adding Energy Transfer stock to your investment portfolio can help diversify your holdings across different industries.
Cons
- Volatility: Factors such as commodity prices, regulatory changes, and market sentiment influence energy stocks, prompting their volatility;
- Market risks: Economic downturns, geopolitical events, and shifts in energy demand can affect the performance of Energy Transfer stock;
- Environmental concerns: The energy sector faces scrutiny regarding its environmental impact, which could affect public perception and regulatory policies.
Is Energy Transfer stock a buy, sell, or hold?
For a better understanding of whether you should buy, sell, or hold Energy Transfer stock, you can follow TradingView’s technical analysis below. It provides a dynamic overview of ET stock, using diverse technical indicators like moving averages and oscillators to provide a real-time snapshot of its present trends and potential future trajectory.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Common investing mistakes when buying stocks
Failing to research the company and its industry before investing can lead to uninformed decisions, and it’s one of the most common investing mistakes that you can make. Still, it’s not the only one, as you should keep an eye on:
- Ignoring risk management: Investing too much of your portfolio in a single stock, such as Energy Transfer, can expose you to significant risk if the stock performs poorly;
- Emotional investing: Making investment decisions based on fear or greed rather than rational analysis can lead to costly mistakes.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Energy Transfer stock
Is Energy Transfer publicly traded?
Yes, Energy Transfer is a publicly traded company. Its stock is listed on the New York Stock Exchange, where it trades under the stock symbol ET.
Can I buy Energy Transfer stock through a retirement account?
Yes, you can purchase Energy Transfer stock through various retirement accounts, such as Individual Retirement Accounts (IRAs) and 401(k) plans, offered by your brokerage.
What is the minimum number of shares I can buy?
There is no set minimum number of shares you must buy. You can purchase as few or as many shares of Energy Transfer stock as you’d like, depending on your investment goals and budget.
How often does Energy Transfer pay stock dividends?
Energy Transfer typically pays dividends every quarter.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
