Top 12 Undervalued Dividend Stocks to Buy Now

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

Forward P/E Ratio: 13.09

Dividend Yield as of May 17: 5.61% 

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 May 12, JPMorgan analyst Jeremy Tonet slightly boosted the firm’s price target on Enterprise Products Partners L.P. (NYSE:EPD) from $40 to $41, while maintaining a ‘Neutral’ rating on the shares. The target bump indicates an upside of almost 5% from the current levels.

Enterprise Products Partners L.P. (NYSE:EPD) reported mixed results for its Q1 2026 last month, with the company’s adjusted earnings of $0.73 per share falling slightly below expectations by $0.01. However, its revenue of $14.4 billion managed to top estimates by $770 million, despite a YoY decline of 6.7%.

Enterprise Products Partners L.P. (NYSE:EPD) generated EBITDA of $2.7 billion in the first quarter, up 10% over the last year. Moreover, the company delivered record volumes across most of its integrated system, driven by the new assets placed in service over the past year, including the Bahia NGL pipeline, fractionator 14, and three Permian natural gas processing plants.