I bought it for the yield over a year ago when it was delivering about 8.8% yield. I watched it fall to $30 and change as well and then come back. I've even made a few dollars per unit while I collected the yield along the way. I'm not selling it as I have a place a low risk yet nice yield like this in my portfolio all day long. It's easy to do worse than collect a yield like this from the strongest propane distributor. I also own SPH. I bought it at about the same time. I'm still down some $ on that but the cash register keeps on ringing every quarter. It too will eventually price to about an 8%-9% yield in my opinion which is why I mentioned it. You could always split APU in 1/2 and own #1 and #2. Diversification with a combined higher yield and some opportunity for unit price growth. .
This is probably where APU is going to sit... Delivering about an 8.50% yield. Upside is now quite minimal. Can swap into SPH that is delivering a 12% yield and when it eventually prices to about 8.5% it will be a $42/unit LP. That would deliver you a $12+/unit gain. Could also dabble in FGP but it is the highest risk of the three. (APU, SPH & FGP).
Um, my best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with the girl who saw a post-it note with "APU" written on it. I guess it's pretty serious.
Thanks cometstorm & not-totally-gray for your responses.
I called APU's Support Group at 1-800-310-9145 and they were very helpful. After explaining my situation, they emailed me a revised K-1 showing only the information generated from my regular trading account.
Agree TurboTax not ideal for K-1's, tho I will try to make it work. Thanks again.
Bought this stock at 40.40, intend to hold it for the dividend... It has some up side buti will hold it for the dividend. I seems to have a narrow price range.
I believe it is item V in Box 20 -- which is a substantial negative number, similar to what is in Box 1, so you might be off the hook there.
The IRA thing, they will issue a single K1 if all the units are held under the same tax ID number. I would have thought that an IRA would be considered a different tax ID number, but I bet if you just move the IRA to a different brokerage firm than holds your taxable acct you can force two different K1's.
IMO TurboTax can't handle anything more than the most simple K1/MLP issues. I gave up on it a couple years ago and use a CPA.
Got my K-1 as well, and have the exact same issue as you! Brokerage AND retirement accounts with APU in them, but confusing and unseperated account data in the K-1 data.
I just sent it off for my tax man to figure out, but I think I'll give Fidelity a call and see if they can tell me more.
Can anyone else here chime in that knows about this K-1 stuff?
Sentiment: Strong Buy
Received my K-1 yesterday and hoping someone out there can help with a few ?s:
1. I hold some of my APU in my 401K, and understand if UBTI is less than $1K, I don't have to reflect K-1 activity on my tax return. What is my share of UBTI, if any? Didn't see anything on the K-1 regarding UBTI.
2. Now for the harder question: I also held some APU in my regular brokerage account. I had expected to get two separate K-1's, one for the regular account and one for the 401K, but instead got one single K-1 reflecting the combined positions in both accounts. And I have no idea how to split the items reported on the K-1 between the two accounts. Can I request separate K-1's? Any idea how to handle using TurboTax?
Thanks in advance for any and all help. And GLTA! GO APU!
This news was on Google Finance page for APU - AmeriGas Partners, L.P. (APU) Rating Increased to Buy at TheStreet. That explains the start of the price increase....
Sentiment: Strong Buy
Some can rant about natural gas, how much we have, how cheap it is, and how somehow these low nat gas prices are going to kill propane. What they fail to realize is Propane is an easily transportable NGL (Natural Gas Liquid) and thanks to the abundance of wet nat gas fields that have been discovered via fracking we have more NGL's than we know what to do with. He also fails to realize that the delivery of natural gas requires massive infrastructure investments that can only be justified in densly populated areas. Currently, there is absolutely no expansion in nat gas distribution infrastructure taking place to the household level. Why? Because heating oil and propane are dirt cheap and even when oil recovers (and it will) our glut of NGL's will continue for decades.
Ask any new home builder in the United States building where nat gas is not an option what type of heating system they are installing... Answer: Propane. The energy propane delivers for the cost/BTU is so low nothing can compete with it nor will anything compete with it for a long, long time. Heat via a high effiency electric heat pump? Sure so long as it never goes below 40 degrees. In those situations they install an in-line propane furnace that takes over below 40 degrees. Cooking, heating water, & drying clothes are all now accomplished far cheaper with propane than electricity. This is why they sell propane Florida!
The "smart money" (which is actually quite dumb) has just begun to realize the propane distributors such as APU, SPH & FGP delivering such sustainable yields represent babies tossed out with the energy sector bath water. What they have yet to figure out is Propane now equals GROWTH. When they do, get ready for a massive, multi-year rally. The days of propane being viewed as "The tank beside the trailer" are over.