ET just caught my attention on the charts. Energy Transfer LP closed at $18.75, up nearly 3% yesterday, which is solid considering the broader market barely budged. The S&P only gained 0.05% on the same day, so this energy play is clearly moving on its own momentum.

Over the past month, the stock is up about 4.6%, but here's the thing - the energy sector itself jumped 14%, so energy transfer hasn't kept pace with its peers. Still, it's beating the S&P which is down almost 2% over that timeframe. The company already reported earnings back in mid-February, and they beat expectations with an EPS of $0.34, up 17% year-over-year.

What's interesting to me is the valuation. ET is trading at a forward P/E of 11.75 versus the industry average of 12.37, so it's actually cheaper than most competitors in the oil and gas pipeline space. The PEG ratio sits at 0.94, well below the sector's 1.73, which suggests decent value if you believe in the earnings growth story.

The energy transfer infrastructure play seems reasonably valued right now, especially if you're looking at the pipeline and midstream segment. Not a screaming buy, but worth keeping on the radar for value hunters looking at the energy sector.