ignatios
Nov 10, 9:30 AM
$ET these
$25 price targets seem stupid to me. First ET isn’t raising the dividend as long as the Williams litigation is out there. 2nd, a
$25 price means a 5.6% yield and it’s not even a corporate bond. With the fed being hawkish for now corporate dividends should require a higher return, not the opposite. This is a return type stock. Not an AI stock. Even if ET gets a share of the projected
$2 trillion in energy and AI variable cost they will just reinvest it. Granted it does allow a bit of a safety net so maybe it doesn’t fall to
$16.50 to YIELD 8%. But settling somewhere in the middle seems more likely to me, not
$25. I’d love it but common sense tells me that’s not the mechanic of these stocks.
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