Seeking Alpha often publishes about EPD...
Enterprise Products Partners: One Of The Better Dividend Payers In The Space
The correct word for what they pay is Distributions, (to it's limited partners)
Just the headline because I did not buy the premium subscription. I bought more EPD on a Wednesday
If you have followed EPD you already know it. Sleep well.
Still here from the last century Phil. 74.68% is what it says.
It's the green "old" deal
I was the moderator, asleep most of the time, since it required no thinking. My kind of job.
Dropped mid month from lack of speaking ability.
Everything currently is long term. All the old bids expired. Looking forward to a December buy point now after drawing lines......
Carry on! Zzzzz
2013 for me and accumulating since.
P.S. I read you posts on America Under Siege. As a free member I can’t post over there but I read most posts. keep up the good fight!
In it for life. The dividend fuels my bad habits and its a good'on. 😉
EPD. Yeah more news today
Thanks for pm
Have a great day
Please look at that air car joby
Easiest stock to create extra income above the distribution. I buy a few in between the quarterly payouts and take a bit of profit flipping them. I would like them to become long term lots but only 10-20% get there. The core goes back to the 1980's.
Hi CM, Re: GTC Limit orders both buy and sell sides...........................
Thank you for your thoughts. I guess it has a lot to do with one's methods of inventory management and control. For me, I think I've had as many nice surprises as bad ones - maybe more. Limit orders have an unstated "or better" feature, so if there are surprises at the open, they can be a better price than your original limit.
I'm not a person that sells all or buys all at once. Generally my buys are for ~12% additions to share inventory while sales are for ~10% of inventory. This limits the size of the "mistake" that might be made by leaving an outstanding order for 60 to 90 days.
Even GTC orders expire in 60 days.
I use use GTC for protection against borrowing, and place the price at what I consider out of reach, or if sold would be such a big win. Knowing the size of the float and the number of institutions in it makes a surprise in this stock VERY unlikely for traders that do it for a living.
IMHO good traders know how to take profit, hence our LIFO discussion on making money between quarterly distributions to increase the yield. Having a plan is very important, no? Whether it is a used car or the casino.
I was told by a large company head of Human Resources; "The worst addiction to cure is gambling"
I use a big brokerage firm but do all my own trades. The Schwab head of my region called me and we had a great discussion. I remember after congratulating me he said "I have a lot of people who don't know how to take profit".
My guess is they don't follow the markets or trade daily. Of course surprise becomes likely.
I agree with OldAIMGuy's signature line:
"Buy from the scared, sell to the greedy".
I respect your opinion but our's works well too. The key is HAVE a plan, and be disciplined.
No checkmate here, just a stalemate.
GTC limit orders, IMHO are risky, in several possible senarios:
1. A black swan. If something really went south such as oh, just a guess, a crushing lawsuit. Then you would pick up "cheap" shares, that may not be that cheap after all. A dividend cut for EPD would be a black swan, since they have raised the dividend, about 24 years. So investors would not be happy with a dividend haircut.
2. The exact opposite, such as a M and A. What if, oh, I dont know, someone offers to buy all the shares at $50, and the price shoots up very very quickly..except you miss out because you sell yours with a GTC limit order, based on you "not knowing" about the M and A. Its almost like limiting your upside with a covered call.
3. What if you forget about your GTC order? That is not impossible, and a GTC order of $28 may be obsolete in several years, or even sooner.
4. In addition to the above, EPD "making the dividend aristocrat list" could be very very good for current shareholders, spiking the price, and you may, again, miss out on some of the gains.
For reasons above, I dont use GTC orders.
I noticed, when I went to carmax to sell my car, they make a written offer...its good for about 7 days. Why? Because market conditions change and next month the car may well be worth more or less than today.
Let the LIFOs go at $26.30.
Now I will add again in the next valley.
It does double the return.
Hi T, Re: discipline.......................
I read a story called "The Man Who Was Too Lazy To Fail" years ago. It's basically "work smarter, not harder" and I've attempted to do the same with my investing!
Nearly 100% of my trades are done with GTC Limit orders. That gets me away from the computer and off doing other fun stuff.
It should have printed *following", not flowing in the last sentence.
Because following every distribution, and for reasons I indicated, the price drops as a percentage of people, institutions, hedge funds, whatever, move the money to keep it working rather than sitting long.
Estimate the bottom between quarterly payouts and bid below that because you can always change your bid as the quarter progresses. I use only RSI and MACD in charting.
Wow your disciplined..
I am freaking out at my buy today of
Was going to buy sds at low however transfer funds didn't let me
You guys know how to take income, catch dividends, turn over etc your right its full time job
Your plan is flawless, Tom. Clearly born of long knowledge of the company.
I trade daily but not EPD,... rarely too, considering it more like a bank than a play.
My sells are set too high out of selling range to prevent borrowing @40 but I will buy LIFOs in the 24s.
EPD is the core of my stocks, 30% of my portfolio. and has a $16 (book) cost basis. But with 100% capital returned on most shares, distributions are taxed at long term 15%. Heir's get stepped up basis.
I have been very lucky to find a few others to turn my brokers head and call me with 266% portfolio gain in the last 2.5 years. He said he has a lot of clients that do not know how to take profit. I get that. It takes years of study to improve your plan. For a long time I held only MLPs., paid very little tax.
I keep complete transaction records on each ticker in.winner/loser file. it is a full time job.
For anyone wondering if they should invest, change you question to when, depending on your time horizon. I am 72 yrs young. 4 times a year this cycle is repeated leading up to and flowing a solid safe distribution.
Thanks for posting.
Hi Pete and T, Re: EPD price range and potential targets......................
Currently I'm set to reduce my position by 10% if the price/share reaches near $31/share. I'll add 12% more shares if the price sags to $22.66 or lower. It's current 52 Week price range is $22.90 to $28.65, so I don't expect much in the way of trades any time soon.
My latest buy was back in September of 2020 at $16.79 and my latest sale of some shares was at $27.70 in May of 2022. Not exactly wearing me out with trades, but the LIFO gain has helped enhance the total return on EPD over time.
Right track, yes you will.
Wait for EPD with patience and conviction.
Well bought 1000 shares of the shipping co @ 3.64
Make some money ??
Will try to but epd
Great co I see however, went for the lower price trade
Enterprise Products Partners L P - Unit (US:EPD) has 1414 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 704,439,501 shares.
After watching the show "Billions" we can understand these multi desk tutes are actively both long and short. The percent they borrow is around 1/2% which is not high at all regarding short interest.
Percentage of Shares Outstanding 0.58
Number of Shares Short 12.54M
Number of Shares - Previous Month 12.99M
Short Interest Ratio (Days) 2.51
Short Interest Ratio - 1 Month Ago (Days) 3.06
In between the quarterly payouts this time, the best opportunity to add appears to be around $1 lower than Fridays close. The next distribution announcement is possible as early as July 5, which would mirror 2017, but could be the following week. No surprise to anyone that the amount will be similar to the current distribution + .025% .50? That indicates a steady timeline to be invested for the distribution by two or three days before the ex date, which in general is a quarterly peak of the stock price.
The institutions need to cover their fees for client investments and show a profit to attract new clients. Active private traders can use that knowledge to their advantage, knowing that a large group of people do not have time or feel comfortable managing their own portfolios.
I sold my LIFO flippers mid May and added 5% to long term core. IMHO it is hard to find a better place to park money. So I agree any time you begin is good. The prospect for heirs to get a stepped up cost basis its also attractive.
Thanks for posting,
Good morning T, Re: EPD investing......................
Here's Value Line's take on EPD.
"Long term total return potential is also appealing."
If you're investing for dividends, getting started is the most important thing. The stock price has been in a trade range for a long time. With the exception of the Covid incident it's been between $24 and $32 since 2016. So, risking your $$$$ when it's in the middle of that trade range isn't particularly 'risky.'
Larry the Cable Guy would say, "Get 'er Done!"
Hope this helps,
I am biased toward EPD for the reasons mentioned.
When you witness 20+ years of a company and their management you are bound to be biased.
Buy when you see a dip.
Is it better to invest in THIS low price stock
Or better a higher price stock with basically same yield
Hi Phil, I am always on the lookout for stocks to hoard like EPD.
Nothing wrong with Warren Buffet agreeing with a stock I own!
I think they understand the reality of energy.
Especially the real time line for the gradual move to 0 carbon.
Not the political narrative.
Ok i did it.
Thank you for replying
EPD is the steadiest payer on purpose, and will also generate LIFO gains between Qs as over 1400 institutions are on it and move $ in/out to work the client's money between quarters. I usually can flip some short term at yield X 1.5 or 2. Develop a formula for a $1 swing and give Uncle Sam the cap gain tax. Slowly grow your long term core with lots held a year.
I sent you a my best RT's privately before you accidentally blocked (just click the unignore or follow to correct and I will send you the link) Was gone all day traveling and just got home and it still says blocked.
Better payers are not as steady as EPD simple because EPD covers worst case scenarios and hold enough cash back to protect the distribution, and even slow Capex plans when conditions require a pause. Their record speaks for itself. ET is a distant second Look at others like PAA & KNOP that have had to cut in half or more as their roller coaster chart required. They
still pay more for high risk if you can handle it.
Key is learning to take disciplined profit, like a singles hitter in baseball. Bid sit low like waiting for a fat pitch. Sleep well with your EPD core.
Thank you , for right now looking for monthly dividends
Just bought jepi
Own ndmo also monthly
Will keep your ab for trading. If decide to get in
Hi T, Re: nice dividend payers..................
I've owned Alliance Bernstein's LP for years (decades) with nice total return. It pays a healthy dividend and the price amplitude is enough for me to trade some shares around the core holding. AB is the symbol. Again, as with EPD, there's a K-1 at tax time. The 52 week High to Low range is ~$46 to $31 which is enough to generate some LIFO gains if one is interested. The 7.7%/yr annual current yield is good enough to keep my happy.
It's one for you to study.
Awesome dividends over here.
Is their another on with monthly dividends or am I being greedy.
I fixed that issue, I hope .
Have more cash to invest
Hi few years ago you mentioned this stock and ectm
Can you please update me on good dividends stocks