Enterprise Products Partners L.P. (NYSE:EPD) is included among the 11 Low PE High Dividend Stocks to Buy According to Analysts.
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Enterprise Products Partners L.P. 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.. 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. remains a strong player in the energy infrastructure sector despite facing some short-term operational headwinds.
In other news, Enterprise Products Partners L.P. 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.
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