|Bid||28.16 x 3000|
|Ask||28.37 x 1300|
|Day's Range||28.08 - 28.71|
|52 Week Range||23.33 - 30.87|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||12.20|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||1.76 (6.08%)|
|1y Target Est||35.04|
Houston-based Enterprise Products Partners LP’s (NYSE: EPD) outgoing executive left the company with a deal for a two-year-long consulting gig and the promise of a bonus check at the end. William Ordemann was executive vice president for Enterprise’s general partner until he retired Aug. 16, according to a filing with the U.S. Securities and Exchange Commission. Ordemann will also make an additional $500 per hour spent consulting, and he will get medical benefits for a year and a half of the two-year term, according to the agreement.
Investors in energy master-limited partnerships should stick with the largest, most diversified firms, JPMorgan says.
(Bloomberg) -- The race to develop oil terminals that can fully load supertankers on the U.S. Gulf Coast remains congested, even as one of North America’s largest pipeline operators decided to push its project ahead.Over a year, more than 10 projects have been proposed for terminals that, combined, will be able to load 8 million barrels a day onto very large crude carriers, or VLCCs. While they all not be needed, the companies planning the facilities continue to move forward.Enterprise Products Partners LP was first to announce a final investment decision on its Sea Port Oil Terminal late last month, and last week the company said it expects to receive regulatory approval in the first half of 2020, followed by two years of construction. In the meantime, Energy Transfer LP said last week it was advancing talks on its terminal and Tallgrass Energy LP is holding discussions on its project.“I’d say the race is still on,” said Kurt Barrow, vice president of oil markets, midstream and downstream energy at IHS Markit. “Just because one company pulls ahead earlier in the race, doesn’t mean that they will be the first one over the finish line.”The new terminals should help propel U.S. crude exports to fresh records as oil continues to flow from American shale patches. Domestic output is forecast to average 13.3 million barrels a day next year, according to the U.S. government, about a million barrels higher than this year’s estimated average.The ports, combined with new pipeline systems, will also help ease bottlenecks that have caused Permian Basin crude to pile up with very few outlets.WTI at Midland, Texas, rose 5 cents to 55 cents a barrel above WTI at Cushing, Oklahoma, Friday, the highest since February, according to data compiled by Bloomberg.“Of the 10 or so projects that have been announced, not all would be completed, simply because they aren’t needed,” said Sandy Fielden, director of research for Morningstar Inc.Some, though, will be needed as the Louisiana Offshore Oil Port, or LOOP, is currently the only export facility in the U.S. that can completely fill up these mega-tankers, to ship barrels around the world. LOOP may not play an important role in U.S. crude exports in the long-term, especially if facilities are built in Texas where production zones lie, said John Coleman, an analyst at consultancy Wood Mackenzie.It’s not so easy to complete projects. Several have already faced regulatory hurdles this year. The U.S. Coast Guard and Maritime Administration suspended the review process for both Enbridge Inc.’s and Enterprise’s port applications. Officials also delayed the review process for Trafigura Group Ltd.’s Texas Gulf Terminals.Jupiter Energy Group pushed the startup of its terminal, which is backed by private equity firm Apollo Global Management, by a year because it hasn’t secured base shippers or approvals from the Port of Brownsville, according to Jupiter Energy Group CEO Tom Ramsey.Only five projects are in the permitting process -- those planned by Enterprise, Enbridge/Oiltanking, Trafigura, Phillips 66 and Sentinel Energy Services Inc., according to the Maritime Administration.Sufficient export infrastructure must be built along the Texas Gulf Coast, said a Texas Gulf Terminals representative.A Phillips 66 spokesman said the company’s plans have not changed, a Flint Hills Resources LLC spokesman said it continues to advance its project and Port of Corpus Christi officials were not immediately available for comment.“In our view, there is not going to be one winner in this race. There is room in this market to support two to three total VLCC terminals and that won’t include LOOP,” said Coleman.To contact the reporter on this story: Sheela Tobben in New York at email@example.comTo contact the editors responsible for this story: David Marino at firstname.lastname@example.org, Catherine Traywick, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Enterprise Products Partners L.P. announced today that it will host investor meetings at the Citi One-on-One Midstream / Energy Infrastructure Conference Wednesday, August 14, 2019 and Thursday, August 15, 2019 in Las Vegas, Nevada.
The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM), Chevron Corp. (CVX), Netflix Inc. (NFLX) and Enterprise Products Partners LP (EPD) Continue reading...
The U.S. has more midstream energy infrastructure than the rest of the planet combined, and the companies that own it can deliver powerful returns for investors.
DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...
Energy Transfer (ET) continued its earnings growth streak in the second quarter. The company reported an adjusted EBITDA of $2.8 billion.
Enterprise Products (EPD) expects to complete the construction of developments worth $3.2 billion through the July to December period of 2019.
In this article, we'll look at five MLPs with at least 90% buy ratings: EPD, MPLX, Energy Transfer, Viper Energy Partners, and Black Stone Minerals.
Enterprise continued its quarterly tradition of posting record results and increased capital spending projections for the year.
The ability to buy it and forget it is the nirvana of investing for retirement. After all, most individual investors don't have abundant amounts of time and skill to do the homework needed on an ongoing basis when it comes to investing for retirement.Source: Shutterstock But by the very nature that you're reading this, you have made the time and the effort to invest beyond just the general stock market.So, while I cannot just give you a list of "buy and forget" stocks, I will steer you towards a collection of stocks in specific industries and markets that have a good track record of delivering growth and income for many years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Word On Income and the "Buy and Hold" MethodThe general advice from Wall Street is to just buy and own the S&P 500 Index through mutual funds or ETFs as stocks always go up over time. Most long-term investors don't care about dividends as much as growth. Their argument is that they don't need income, so why have a focus on it until they retire and start to withdraw payments from their accounts?Investors who think this way are missing the fact that dividend income is vital to building a better retirement portfolio. If not taken out, dividends pile up and can be reinvested to build up a portfolio. This brings a growth element to a portfolio when the general stock market is flat or slipping. And it also works to build up overall portfolio balances.Even my most favored stocks are not immune to changes in their businesses, markets or general economic changes. I suggest to my subscribers of Profitable Investing that they merely do a quick review of their own holdings once a month when statements are issued. The review should include a simple question of each holding: would you buy it again and why? If you can't easily answer yes and with a simple explanation of why - then it is time to sell and move on to something else.But now, on to my collection of longer-term buy and own stocks. 5 Stocks to Buy for the Longer HaulI have put together a collection of five stocks to buy that are in diverse markets and pay dividends that range from close to the average of the S&P 500 Index to many multiples more. They are in varied segments ranging from industrial and consumer products, technology, utilities, real estate investment trusts (REITs) and the energy market. And all of them are proven to well-serve their longer-term investors.First, Compass Diversified Holdings (NYSE:CODI) is a holding company that owns a collection of industrial and consumer products companies which it buys, owns, and sometimes sells. Along the way, the company collects lots of cashflows from its underlying companies. In turn, it pays a lion's share of the profits in the form of a big dividend, currently yielding 7.2%.Compass Diversified Holdings (CODI) Total Return Source BloombergCODI shares have delivered a total return since coming to the public market of 324.95% against the S&P 500 index's return of 200.49%Next is Hercules Capital (NYSE:HTGC). This is a Silicon Valley-headquartered company which seeks out new and developing technology companies in its area and beyond. It then works to finance their developments and takes equity participation. HTCG provides guidance in their development including eventual exit strategies through company sales and initial public offerings (IPOs). HTGC stock also pays a bigger dividend which currently yields 9.82%.And the company has delivered a return since coming to the market in 2005 of 292.69% against the return of the S&P 500 Index at 238.4%.Hercules Capital (HTGC) Total Return Source BloombergOn to the energy market in the reliable dividend-paying segment of oil and gas pipelines with Enterprise Product Partners (NYSE:EPD). Enterprise Products owns and operates a massive network of pipeline and related oil and gas infrastructure that is crucial to the growing petroleum industry in the U.S.Enterprise Product Partners (EPD) Total Return Source BloombergEPD generates an increasing amount of revenues and profits which in turn pays a portion in a dividend yielding 5.9%. Since coming to the market in 1998 the company has delivered a return to shareholders of 2,013.15% against the S&P 500 Index return of a mere 290.28%Next is one of the most impressive of U.S. power utility providers, NextEra Energy (NYSE:NEE). This company provides regulated power to customers in Florida. NEE also provides unregulated wind and solar-generated power throughout North America. This combination of reliable cashflows from its regulated business and growth from the unregulated wind and solar generates ample growth in the stock price along with a modest dividend yielding 2.4%.NextEra Energy (NEE) Total Return Source BloombergAnd since 1980 to date, NextEra Energy has delivered a total return with stock price growth and dividend income amounting to 22,218.67% compared to the general return of the S&P 500 Index at 6,797.30%. That's a whole new era of a return for a retirement account.Last up is a favorite REIT that owns and manages college campus facilities and dorms around the U.S. American Campus Communities (NYSE:ACC) is the leading publicly traded college dorm REIT in the U.S. ACC continues to be a very reliable source for dividend income and growth in the underlying property values. It yields 4.02% with a dividend payment that continues to rise by an average of 4.85% per year over the past five years.And since coming to the public market in 2004 to date, the company has delivered a return of 411.11% which compares well against the S&P 500 Index return for the same period of 276.29%.American Campus Communities (ACC) Total Return Source BloombergNow that I have presented my way to invest in the solid long-term focused stocks for growth and income, you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. For more -- look at my Profitable Investing.In addition, if you find yourself in San Francisco on August 15 through 17 - please join me at the MoneyShow where I'll be presenting my economic and market analysis and my latest investment themes and recommendations.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above, but they may be held in his model portfolios. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post 5 Stocks to Buy and Hold Through Retirement appeared first on InvestorPlace.