10 Best Affordable Blue Chip Stocks to Buy Now

7. Enterprise Products Partners L.P. (NYSE:EPD)

Share Price as of April 17: $36.67

Forward P/E Ratio: 13.24

Next on our list of the Affordable Blue Chip Stocks is Enterprise Products Partners L.P. (NYSE:EPD). It is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products, and petrochemicals.

On April 16, TD Cowen analyst Jason Gabelman bumped the firm’s price target on Enterprise Products Partners L.P. (NYSE:EPD) from $34 to $38, while maintaining a ‘Hold’ rating on the shares. The raised target reflects an upside of just under 4% from the current price level.

The revision comes after TD Cowen updated its estimates to reflect the limited upside from LPG exports, which could become more significant depending on spot exposure and a facility ramp-up. The analyst firm expects any such benefits to remain largely contained this year.

Enterprise Products Partners L.P. (NYSE:EPD) is known for its strong commitment to shareholders and long dividend history, highlighted by its growing distribution for 27 consecutive years. The midstream operator currently boasts a robust annual dividend yield of 6%, putting it among the 14 Value Stocks with Highest Dividends.