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Fly News Breaks for March 2, 2020
ET
Mar 2, 2020 | 10:11 EDT
Baird analyst Ethan Bellamy notes that Energy Transfer founder, CEO and controlling general partner Kelcy Warren filed a Form 4 that disclose a 4M unit purchase at a weighted average price of $10.64, $42.56 M. The analyst views the purchase as positive, though still well within the annualized cash flow from his ownership interests. Bellamy has an Outperform rating and a $15 price target on the shares.
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