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Benzinga
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Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields

1. Energy Transfer maintains a 7.92% dividend yield, appealing amid market uncertainty. 2. Morgan Stanley raised ET's price target from $20 to $26, signaling bullish sentiment. 3. Citigroup analysts also upgraded ET's target from $20 to $22, sustaining positive outlook. 4. ET announced increased quarterly cash distribution on April 23, enhancing shareholder confidence. 5. Analyst accuracy rates for ET's ratings show a reliable forecast for investors.

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FAQ

Why Bullish?

Recent price target increases from major analysts generally lead to positive price movements. Historically, similar analyst upgrades have resulted in upward price adjustments for dividend-yielding stocks like ET.

How important is it?

The article presents important updated price targets and dividends, highly relevant for dividend-focused investors. ET's reliable yield and analyst upgrades are critical factors that may impact stock performance.

Why Short Term?

The imminent reporting of quarterly results and recent analyst upgrades likely influence ET's price in the short term. Investors often react quickly to positive earnings projections and analyst ratings updates.

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