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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Enterprise Products Partners L.P. (NYSE:EPD) is included among the 11 Low PE High Dividend Stocks to Buy According to Analysts.
Enterprise Products Partners L.P. (NYSE:EPD) ranks among the largest midstream oil and gas companies in North America. The midstream sector plays a vital role in linking upstream production with downstream refining and chemical processing. Essentially, Enterprise operates its pipelines like a toll system, transporting energy products between the two ends of the industry’s supply chain.
On October 9, Stifel reaffirms its Buy rating and $35 price target on Enterprise Products Partners L.P. (NYSE:EPD). The firm revised its estimates for the energy infrastructure company to reflect lower-than-expected utilization at its propane dehydrogenation (PDH) plants and a decline in crude oil export volumes.
The updated analysis also factors in Enterprise’s $580 million acquisition of Midland gathering assets, marking a notable expansion of its midstream operations.
While Stifel adjusted some of its operational forecasts, the firm kept its overall rating and target unchanged, noting that Enterprise Products Partners L.P. (NYSE:EPD) remains a strong player in the energy infrastructure sector despite facing some short-term operational headwinds.
In other news, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly dividend of $0.545 per share on October 8, which was in line with its previous dividend. Overall, it has raised its payouts for 27 years in a row, which makes EPD one of the best dividend stocks. The stock has a dividend yield of 7.08%, as of October 14.
While we acknowledge the potential of EPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and 12 Reliable Dividend Stocks for Maximum Income
Disclosure: None.
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