Energy Transfer: A Solid Midstream Play With An 8% Yield (Rating Upgrade)

Energy Transfer (NYSE: ET ) is a well-run midstream partnership with very solid distribution coverage that has an eye especially on acquisition-driven EBITDA and distributable cash flow growth. Energy Transfer in July closed the acquisition of WTG Midstream which added another 6,000 Analyst's Disclosure: I/we have a beneficial long position in the shares of EPD, ET, ENB, KMI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not ...