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Fly News Breaks for January 6, 2020
ET
Jan 6, 2020 | 07:49 EDT
Morgan Stanley analyst Stephen Byrd initiated coverage of Energy Transfer LP with an Overweight rating and $18 price target as part of his broader initiation of coverage of MLPs & Midstream Energy Infrastructure with an In-Line industry view. He thinks Energy Transfer LP has a high quality business trading at a sharp discount and sees the stock offering a "very high" free cash flow and distribution yield.
News For ET From the Last 2 Days
ET
Apr 24, 2024 | 08:36 EDT
Energy Transfer announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit $1.27 on an annualized basis for the first quarter ended March 31. This cash distribution per Energy Transfer common unit will be paid on May 20 to unitholders of record as of the close of business on May 13 and is an increase of 3.3% as compared to the first quarter of 2023
