Elliott Gue
Research analyst, dividend investing, oil & gas, master limited partnerships

Atlas Energy LP Rates A Buy On Any Pullback

An ideal pick for investors seeking rapid distribution growth, Atlas Energy LP (NYSE: ATLS) owns a significant equity stake and the general-partner interest in three entities: Atlas Pipeline Partners LP (NYSE: APL), which owns traditional midstream infrastructure; Atlas Resource Partners LP (NYSE: ARP), which owns upstream assets; and Lightfoot Capital Partners, a privately held outfit that incubates future MLPs.

In the first quarter of 2013, Atlas Energy LP increased its distribution by 3 percent sequentially, to $0.31 per unit and reaffirmed its guidance for a full-year payout of between $1.70 and $2.00 per unit-equivalent to a 58 percent to 86 percent increase from year-ago levels.

Although investors may scoff at the stock's roughly 2.4 percent current yield,...

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