Apr. 12 at 11:29 AM
$EPD The current quarterly distribution is
$0.55 per unit, translating to an annualized yield near 5.8%. Barclays keeps an Overweight rating with its move to US
$39, and Stifel backs a Buy rating with a target of US
$41. Both firms highlight confidence in Enterprise Products Partners' execution and earnings profile within the midstream group.
JPMorgan and Scotiabank both reset targets to US
$39 while maintaining Neutral and Sector Perform views.
Jefferies, RBC Capital, Citi, TD Cowen and Mizuho have also raised targets in recent months.
when oil prices do, eventually, fall, Enterprise's distribution will still be well supported by its fee-generating business. Buy it, and you can sleep well at night, focusing on your distribution checks while happily forgetting about oil prices.
