Enterprise Products Partners (EPD) Initiated with ‘Hold’ Rating, $36 PT

Enterprise Products Partners L.P. (NYSE:EPD) is included among the 15 Large Cap Stocks with Highest Dividends.

Enterprise Products Partners (EPD) Initiated with 'Hold' Rating, $36 PT

Enterprise Products Partners L.P. (NYSE:EPD) 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 March 24, Truist initiated coverage of Enterprise Products Partners L.P. (NYSE:EPD) with a ‘Hold’ rating and a price target of $36, indicating a downside of over 7% from the current levels.

Truist highlighted Enterprise Products Partners L.P. (NYSE:EPD)’s position as a well-established, large-cap midstream MLP with operations across liquids and gas from wellhead to water. Moreover, the analyst praised EPD’s ‘strong balance sheet and well-covered distribution’.

Enterprise Products Partners L.P. (NYSE:EPD) is projecting its free cash flow to reach $1 billion in 2026, with 50% to 60% of it allocated to buybacks. Moreover, as more of its projects come online, the company expects a 10% area growth in adjusted EBITDA and cash flow in 2027 compared to 2026.

Enterprise Products Partners L.P. (NYSE:EPD) boasts a strong annual dividend yield of 5.64%, and was also recently placed in our list of the 14 Under-the-Radar High Dividend Stocks to Buy Now.

While we acknowledge the risk and potential of EPD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EPD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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