Miller/Howard Investments, Inc. on Sunoco LP
Thesis
Miller/Howard increased its position in Sunoco because it believes the company is well positioned on income, growth of income, and financial strength. Sunoco increased its distribution by 10.3% year-over-year during the quarter. The firm's free cash flow yield also continues to improve, reinforcing the income and financial-strength elements of the thesis.
“We increased our position in Sunoco (SUN) as we believe the company is well positioned on income, growth of income, and financial strength.”