|Bid||19.210 x 1800|
|Ask||19.300 x 800|
|Day's Range||19.120 - 19.180|
|52 Week Range||15.060 - 23.710|
|PE Ratio (TTM)||20.61|
|Forward Dividend & Yield||2.26 (12.00%)|
|1y Target Est||N/A|
While IBM offers an impressive yield, you can get a better payout from a retail landlord, a natural gas transporter, and a shoe retailer.
MLPs continued to rise for the second-consecutive week in the week ending May 18. The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, rose 3.1% during the week and ended at 267.6. Out of the total 90 MLPs, 62 ended in the green, five remained unchanged, and 23 ended in the red. Among the top MLPs, Williams Partners (WPZ), Plains All American Pipelines (PAA), Energy Transfer Partners (ETP), and Enterprise Products Partners (EPD) rose 10.0%, 4.7%, 2.8%, and 2.8%, respectively.
So far in this series, we’ve looked into the institutional activity in four major MLPs: Enterprise Products Partners (EPD), MPLX LP (MPLX), Energy Transfer Partners (ETP), and Energy Transfer Equity (ETE).
Energy Transfer Partners (ETP), the MLP subsidiary of Energy Transfer Equity (ETE), saw massive selling from a few institutional investors during the first quarter.
MLPs have been on a recovery path due to improvements in their financial positions, prudent capital spending, and—most importantly—recovery in earnings growth resulting from strong US production growth and strong crude oil prices.
Energy Transfer Equity LP. (NYSE:ETE) is a true Dividend Rock Star. Its yield of 7.21% makes it one of the market’s top dividend payer. In the past ten years, EnergyRead More...
Sunoco (SUN) is trading at a yield of ~12.3%. The company paid a distribution of $0.83 per unit for the first quarter. On May 11, RBC cut its target price for Sunoco from $36 to $34. On May 10, UBS cut its price target for Sunoco from $29 to $27.
Currently, the Alerian MLP Index (^AMZ) has a yield higher than 8%. Even with the ten-year Treasury yield’s rise above 3%, AMZ offers an attractive spread of 5% over the Treasury yield. However, there are some MLPs that are trading at yields above 12%. In this series, we’ll take a look at seven MLPs. We’ll see whether or not Wall Street analysts recommend these MLPs.
According to a Reuters’ survey, 75.0% of the analysts rated Energy Transfer Partners (ETP) as a “buy” as of May 15, while the remaining 25.0% rated it as a “hold.” MPLX LP (MPLX), Enterprise Products Partners (EPD), and Williams Partners (WPZ) have “buy” ratings from 94.4%, 100.0%, and 80.9% of the analysts, respectively.
So far in the series, we discussed Energy Transfer Partners’ (ETP) segment-wise performance and distribution outlook. We discussed the capital structure, financial position, and organic expansion plans. In this part, we’ll analyze Energy Transfer Partners and Energy Transfer Equity’s (ETE) current valuations based on historical and forward multiples.
In this part, we’ll provide an update on Energy Transfer Partners’ (ETP) existing and new projects discussed during the first-quarter earnings conference call. The approval allows ~75% of the Rover Pipeline capacity into service. The partnership expects to place the project into service following the completion of the Rover Pipeline.
Energy Transfer Partners (ETP) and Energy Transfer Equity (ETE) declared a flat distribution for the first quarter. Energy Transfer Partners’ flat distribution is mainly due to its high cost of equity capital. On the other hand, Energy Transfer Equity posted flat distribution for the first quarter after two consecutive quarters of distribution growth.
Energy Transfer Partners (ETP) posted strong earnings growth in the first quarter and beat the earnings estimate. In this series, we’ll discuss Energy Transfer Partners’ first-quarter earnings growth drivers and the outlook for the rest of the year. The Crude Oil Transportation and Services segment continued to be Energy Transfer Partners’ top performing segment in the first quarter.
The energy infrastructure giant’s management team was very candid on its first-quarter conference call.
Master limited partnerships or MLPs saw continued strong earnings growth in 1Q18 after a solid fourth quarter of 2017. Of the top 15 limited partnerships by market capitalization, 14 reported YoY (year-over-year) growth in quarterly revenue and EBITDA (earnings before interest, tax, depreciation, and amortization). Seven of these limited partnerships reported QoQ (quarter-over-quarter) growth in revenue while nine reported QoQ growth in adjusted EBITDA. ...
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP performer last week. LGCY had jumped 33.6% by the end of last week driven by strong gains in crude oil prices and strong first-quarter earnings. The partnership posted adjusted EBITDA of $70.7 million in 1Q18 compared to $40.2 million in 1Q17, representing a YoY increase of 76%.
MLPs recovered last week after two weeks of sluggishness. The Alerian MLP Index (^AMZ), which includes 50 energy MLPs, rose 2.0% during the week to end at 259.6. Out of the total 90 MLPs, 55 ended in the green, four remained unchanged, and the remaining 31 ended in the red. Among the top MLPs, Energy Transfer Partners (ETP), Williams Partners (WPZ), and Enterprise Products Partners (EPD) rose 5.5%, 2.7%, and 2.1%, respectively, while Plains All American Pipelines (PAA) fell 2.8%.
Though Energy Transfer Partners' (ETP) earnings miss estimates, its bottom line improves year over year primarily on stellar show from the Crude Oil and NGL Transportation and Services segments.
All four companies we’re analyzing—Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Partners (WPZ), and MPLX (MPLX)—raised their capital expenditure YoY (year-over-year) in 2017. Enterprise Products Partners’ capital spending rose 11% in 2017 while Williams Partners’ rose 24%.
Energy Transfer Equity's (ETE) top line of $11,882 million exceeds the Zacks Consensus Estimate of $11,053 million by 7.5%.
Energy Transfer Partners LP plan to ask U.S. federal energy regulators for permission to put the full Rover natural gas pipeline in service by June 1, company executives said on an analyst earnings call ...
Enbridge (ENB) reported its 1Q18 results today. The company’s adjusted earnings rose to 0.82 Canadian dollars per share from 0.57 in 1Q17. Strong operational performance across its segments contributed to the rise in earnings. Enbridge’s GAAP (generally accepted accounting principles) earnings, however, fell to 0.26 Canadian dollars per share from 0.54 in 1Q17. A write-down of certain US midstream assets primarily contributed to the fall in GAAP earnings.