Enterprise Products Partners: 4 Reasons To Add It To Your High-Yield Portfolio
Summary
- EPD remains my top conviction pick for income-oriented investors.
- The stable business model, growth opportunities, and strong balance sheet suggest a double-digit upside might be ahead.
- EPD is trading at a relatively cheap valuation and is partially responsible for the well-covered, attractive 7.5% distribution.
- Following a 6.5% pullback from $30, this weakness might be the time to add and set for market-beating returns.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of EPD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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