Energy prices are surging, and an income-oriented play is getting some love from legendary investor Bill Gross. Earlier this month, the former Pimco investment chief and " bond king " said on social media platform X : "I love MLP pipelines. ... Better than AI," noting that these master limited partnerships have climbed by double-digits in the past 12 months. The action in MLPs is getting some help as energy prices jump.
The strategist is in good company on these names: Of the 18 analysts covering Energy Transfer, 17 rate it a buy or strong buy, and consensus price targets suggest about 16% upside from current levels, according to LSEG. Enterprise Products and Targa are both buy-rated by analysts based on the Wall Street consensus, with price targets implying upside of 12% and roughly 3%, respectively, according to LSEG.