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Deutsche Bank's top picks as pipeline, MLP payouts exceed estimates

  • Deutsche Bank's MLP analysts point to significant trends shown in Q3 reports it says indicate an improved outlook for the natural gas and MLP sectors; the annualized rate of dividend growth among the nat gas companies rose to 13.9% from ~12% earlier this year, and the MLPs’ annualized rate of distribution growth rose to 8.7% from 7%.
  • The firm's top MLP names to buy: Enterprise Products Partners (EPD), Energy Transfer Partners (ETP), Kinder Morgan Partners (KMP), Plains All American Pipeline (PAA), Western Gas Partners (WES), Access Midstream Partners (ACMP).
Comments (5)
  • fredj
    , contributor
    Comments (128) | Send Message
     
    Holy shamrocks. The only 3 mlp's I own are in his list.
    12 Nov 2013, 04:04 PM Reply Like
  • TGC004
    , contributor
    Comments (417) | Send Message
     
    This is hardly new "news"
    12 Nov 2013, 05:35 PM Reply Like
  • lsk5689
    , contributor
    Comments (19) | Send Message
     
    That's a good sign, but I'be seen other lists that excluded ETP, WES, ACMP and included EPD, PAA, KMP, WPZ and MMP.
    13 Nov 2013, 02:21 AM Reply Like
  • chopchop0
    , contributor
    Comments (3122) | Send Message
     
    EPD has been solid. ETP, not so much. Just look at the 5-year charts
    12 Nov 2013, 08:25 PM Reply Like
  • tomaustinn
    , contributor
    Comment (1) | Send Message
     
    EPD is the only MLP on this list that has no general partner. This is important because it does NOT send IDR's to a general partner. In EPD's case, last quarter more than 40% of its capital budget came from retained earnings. Those funds went to expansion of the business rather than to the pockets of a general partner. Bottom line: more retained earnings means less debt and equity that has to be issued in order to grow the business. Other MLP's that due not have general partners: Mark West (MWE) and Magellan (MMP).
    12 Nov 2013, 10:24 PM Reply Like
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