$50.19
0.19 (+0.38%)
Enterprise Products Partners L.P. (NYSE:EPD)
CAPS Rating:
A North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids, crude oil, and certain petrochemicals.
Recs
Enterprise Products Partners is up to its elbows in natural gas and offers a range of processing, transportation and storage services. It has an interest in over 30,000 miles of pipelines, has a long history of profitability, has paid a consistently increasing dividend since 2005, and currently has a dividend yield in excess of 8%. This is a company I try to hide from my enemies :-)
Do you still see this as a good investment at it's current price?
Yes, I do. I picked this stock as a long term investment (3 - 5 years) for two reasons. One of this is the outstanding dividend (actually, distribution). The other reason is I am of the opinion natural gas and related energy sources will become increaingly important over the investment term. For these reasons 'current price' is not a consideration for me - I'm not looking to trade the stock. Rather I'm looking for this stock to earn me a year-after-year return of over 7% on my money.