#1 - Enterprise Product Partners (NYSE:EPD)
The energy sector will remain a focus of both parties in the coming year. And Enterprise Product Partners (NYSE:EPD) is a savvy choice for investing in whatever comes next. The company is a midstream operator. That means it’s responsible for transporting natural gas from point A to point B. The company has an expansive pipeline network that covers over 50,000 miles.
Enterprise generates revenue through contracts that provide consistent, predictable cash flow regardless of the daily price of oil. This could steer away growth investors because the EPD stock price tends to not move sharply.
However, the company is very appealing to income investors because it is structured as a master limited partnership. This means it pays out a significant amount of profit as a dividend. And that is reflected in its dividend yield, which is currently over 7.5%. It’s also increased its dividend for 24 consecutive years, putting it on the cusp of being a dividend aristocrat.
About Enterprise Products Partners
Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
Read More - Current Price
- $28.80
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $32.75 (13.7% Upside)
