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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.
-pete
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.
Best wishes,
OAG
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
Enterprise Products Partners (EPD) posted Q1 earnings Tuesday of $0.63 per diluted unit, up from $0.59 per unit a year earlier.
Never worry the distribution is in danger of coverage here.
Best of the MLP's imho
-pete
Longs here need only read the headline and summary.
https://seekingalpha.com/article/4594748-enterprise-products-partners-perfect-7-3-percent-yielding-aristocrat-for-recession?mailingid=31225371&messageid=2800&serial=31225371.32223&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=31225371.32223
GLTA!
-pete
$.49 Quarterly Distribution on May 12th to those holding units at the close on April 28th.
Happy February Tom!
We are used to smiling as ancient EPD longs
They cover their generous distribution with plenty of margin for unforeseen events. No worries with overpromising because they deliver, Cover distributions by a strong margin. Have strong cash for Capex
20+ years of never a reduction of payouts says it all. Worst case they went flat for a period @ around 40cents,? if I remember right.
Now they have resumed distribution growth. .49 is great but the big picture is the confidence they give us for this investment. Over 25% of the stock is owned by nearly 1300 institutions.
They have a strong stock buy back philosophy.
best of the best.
Sleep well!
-pete
Hi JH, Re: EPD......................
A nice $0.49 dividend was declared on 01/30. That always makes me smile.
Best wishes,
OAG Tom
Wolfe might want to up that target a little
Several Seeking Alpha articles were posted today. All were favorable.
Normal day
GLTA!
https://seekingalpha.com/article/4570846-enterprise-products-stock-even-more-attractive-following-dividend-increase
https://seekingalpha.com/article/4570899-enterprise-products-partners-stock-at-a-fantastic-price
https://seekingalpha.com/article/4570844-enterprise-products-partners-lp-offers-long-term-value
I flipped some and will buy them back. Core 80% will go to heirs and be stepped up basis as mine are free but booked at half the share price. Free from 20+ years of capital returned as a limited partner and tax sheltered. Any lots that survive a year become core.
Why does the price go up and down several dollars between the distributions?
The reason is over 1200 institutions are moving in and out to justify the fees they charge their clients. Research will show it goes with the money flow.
Channel traders are taught to ignore everything except the channel and sell the top (short if you don't own) and buy the bottom. Huge float means there are always share somewhere to "borrow", plus MMs can naked short.
I have followed EPD for over 20 years and 30+ years ago my old man explain why he like Dan Duncan the founder. Great leader and responsible steward of our money.
24 years of never dropping the dividend. Best run energy company on the planet IMHO. even in renewables.
Sleep well!,
-pete
EPD has earned the title of my number one favorite stock for long term and dividends.
Why? Short answer: Its the highest paying dividend yield where the company consistently raises the dividend over a long period. And, its below the 2014 price.
I really cant understand why its not a "dividend aristocrat"..since they have raised the dividend consistently for at least 20 years. It could be that its not on the dividend aristocrat list because most of the other companies which are on the list are much much larger.
Significantly, EPD's about 7.8 percent dividend yield OUT PACES the "other" dividend aristocrats by a wide margin.
The only dividend aristocrat "even close" to EPD is VFC's 7.3 percent dividend yield. The other dividend aristocrats quickly drop off in dividend yield to 3 to 5 percent dividend or less.
Yea, I will take EPD's extra .5 percent dividend over VFC as "I" consider EPD to have proven them selves an aristocrat.
Its certainly possible, or even likely, that EPD "joins" the Aristocrat list, and that will garner much attention from investors, because, Im not the only one in the world who likes consistent, increasing dividends.
It is just incredible to me that EPD is selling below its 2014 price. And, if you bother to check, you will find some consistent "insider buying" going on also. This is HUGE. Who knows the company better than its CEO or CFO or other insiders? Answer: No body. And I love it that these people have "skin in the game".
This is clearly "their retirement also" not just mine.
They do have a name for all this, above. Its called a "bargain". Yes, there is such a thing. There is no "universal law" that always applies "you get what you pay for". Nope. There are true bargains, and this is it. No, Im not telling you this so the price will go up and then I dump it. Nope. I expect my heirs will get my shares when I die. Its my ONE "forever" stock that Buffet talks about. The only way I will consider "taking profits" is if Im convinced it becomes overvalued. That is, if the dividend yield drops to 4 or 5 percent because of price increases AND I think there is a great chance of repurchasing my shares later.
This company, quite simply, has excellent management who performs and manages my money I have invested well. Our government could learn from them.
I'm not understanding the math from my other post. (Which I coped from a news article). If they bought back 250 M shares let say @ $20 per share that would = $5 Billion. Not 37% of $2 Billion. Are they buying back shares at less than market some how??
(EPD Has Bought Back $120 Million of there own shares this last quarter. This year.they have bought back 250 Million of their own shares. So they have spent 37% of the $2 Billion of planned buy back.)
Wolfe is giving price target of $27.
EPD Has Bought Back $120 Million of there own shares this last quarter. This year.they have bought back 250 Million of their own shares. So they have spent 37% of the $2 Billion of planned buy back.
Nice 5.4% increase Distribution to .49
Largest increase in years of steady paying and covering it well.
That should turn a few eyes this way.
Happy New Year Enterprisers!
Hi Tom,
I do both Hold long term, and manage short term trades, as I think you do.
I consider the stepped up basis of my heirs getting EPD a crucial reason to hold the long ago capital returned. Over 25 years ago my father explained MLPs like EPD and his strategy. That was before the new verb "Kindered" was coined.... lesson there.
If there is idle cash from taking profits elsewhere I will use EPD like a bank.
The goal is to add to the core, of course. But it takes a year to get to long term where only the core is immune to selling.
I am a retired full time trader.
pete
OldAimGuy,
In my opinion, you have a very well thought out approach to playing the ups and downs which regularly occur with EPD. I have done similar, but perhaps not as often and not to the same degree. My intention was to find a well managed company that could weather the economic storms and remain healthy --- EPD fits that description for me. I also see that EPD supplies a "must have" product that people cannot live without (at least, at the current time).
I envy you for picking up shares down at $16.79. I thought the $19.00 range was an excellent buy, and if it hits that point again, I will certainly buy more. I also re-invest my dividend, but I wait till the price drops before doing so (usually about a month and a half after the dividend pay date).
Thanks for posting. I don't post often, but enjoy hearing about experience of others. Best wishes.
Kgem
Good morning K,
Re: "In my opinion, EPD is a buy and hold. And, while we wait for policy makers to wake up to the need for a multi-pronged energy approach, we get paid a dividend that is tax free. As a retired senior, that additional income is worth its weight in gold."
Thanks for the summary and I agree with your final comments, too. I am a buy and manage investor in EPD rather than B/H. My activity hasn't been very often, but I like to add to the position when the opportunity arises and will then shed a few shares when they are more richly priced. I keep a variable cash buffer most of the time. It's currently around 20% of the total position and is max'd out. At least now that cash is starting to pay some minor yield. The activity is a way to average down in share price and average up in yield.
My last buy was a 12% addition back in Sept of 2020 at $16.79. My latest sale was for 10% of the position back in late May of this year at $27.70. That's a reasonable LIFO gain and covers the missed dividend for a while. To buy an additional 12% more shares the price will have to dip below $22.66 and to liberate another 10% of the position would require a rise to $30.77/share. It's a pretty fat Hold Zone, but has worked well for me since EPD joined my retirement account in 2018 at $26.25. The yield helps cover part of the RMD I now have to take at my age.
Through this minor trading around the core I've managed to increase the share count by over 15% and the cash reserve is also "up" over 15% since starting. That's exclusive of cumulative dividends.
Again, thanks for the note,
OAG Tom
Enterprise Products Partners L.P. showed some pretty healthy financials this quarter. The following are a few of the highlights:
Enterprise Products Partners brought in total revenue of $15.468 billion in the third quarter of 2022. This represents a 42.80% increase over the $10.832 billion that the company brought in during the prior-year quarter.
The company reported an operating income of $1.712 billion in the current quarter. This compares quite favorably to the $1.513 billion that the company reported in the year-ago quarter.
Enterprise Products Partners transported an average of 17.5 trillion BTU of natural gas per day through its pipeline infrastructure in the reporting period. This represents a 19.86% increase over the 14.6 trillion BTU of natural gas per day that the company averaged during the equivalent quarter of last year.
The company reported a distributable cash flow of $1.868 billion in the most recent quarter. This represents a 15.81% increase compared to the $1.613 billion that the company reported last year.
Enterprise Products Partners reported a net income attributable to the common unitholders of $1.360 billion in the third quarter of 2022. This represents a 17.95% increase over the $1.153 billion that the company reported in the third quarter of 2021.
In my opinion, EPD is a buy and hold. And, while we wait for policy makers to wake up to the need for a multi-pronged energy approach, we get paid a dividend that is tax free. As a retired senior, that additional income is worth its weight in gold.
Motley Fool called EDP a high yield stock to buy hand over fist. It was the second of two recommended, Walgreen Boots Alliance being first in line.
Trueheart
Not a ton of us here following on ihub but you can be sure there is a hundred thousand following with their brokers.... ha!
Buy low, sell high
Mostly Schwab handles mine but I also have a bit of Wells Fargo Advisors, who both leave me do my own trades on line. TOS has been in ("eventually, soon, sometime", lol) Schwab's corner when the merger is finally out of the anti-trust examination. Schwab swallowed USAA brokerage almost instantl cuz it was small.
TOS going on 2 years.
GLTA!
-pete
EPD Has Bought Back $130 Million of there own shares so far this year. They have bought back so far 31% of the $2 Billion of planned buy back.
$.475 Will Be Payed On Nov. 14 to those who hold shares on Oct. 31.
(24 years of consecutive distribution growth)
US crude, gasoline and distillate stockpiles all declined last week, according to the Energy Information Administration, adding to a tightening supply outlook. Motor fuel inventories tumbled by 4.73 million barrels to the lowest level since November 2014.
“All the developments we have seen on the supply side at this point very much sets the stage for what we believe will be higher prices into the end of this year,” Damien Courvalin, the head of energy research at Goldman Sachs, said in a Bloomberg television interview. “With this cut and the winter seasonal demand, inventories will continue to fall.”
Data suggests oil will climb to $100 per barrel sooner than had been expected.
Source: EnergyNow.com
EPD's effective yield is once again nearing 8%/yr. That's a great place to start a higher yielding investment for those not already involved with EPD.
It's now less than a dollar away from my target price for accumulating more shares.
Best wishes,
OAG Tom
Ah Pete,
Your investing acumen is evident.
Trueheart
All ships need an anchor.
Mine is over 2 decades here.
GLTA!
-pete
Enterprise Products Partners is going up steadily, and when you look at the horizon, many things could happen that would likely drive the price even higher. If a single Hurricane were to enter the Gulf Of Mexico, and approach the United States coast, I suspect share price would jump considerably. Also, a cold winter in Europe would make natural gas go higher. Of course, a nuclear deal with Iran would put much more oil and gas on the market, and that is a negative. Also, the United States and the rest of the world may enter a full scale recession that might last for years and that too could drive prices lower. Inflation, on the other hand, drives prices higher.
In my opinion, the world will need oil and gas for many years to come, and that bodes well for EPD investors. The good thing is we are paid a nice dividend every single quarter while we wait, and that reduces our cost average every single quarter. If one reinvests those dividends, the return is even higher. This means EPD is a relatively safe way to invest and build personal wealth, or a great way to supplement one's income tax free every single quarter.
North American liquefied natural gas (LNG) developers and producers this year have struck deals to sell 48 million tonnes of LNG, which will eventually pump up exports 60% from current levels, although much of the output remains years away.
LNG demand is soaring as the conflict in Ukraine pushes global prices to their highest in at least 14 years. Buyers in Europe have looked West in a move away from Russian gas, and Chinese buyers are striking long-term deals after a pause.
Eight North American LNG export terminals are under construction and over a dozen more could receive financial greenlights by 2023. Some buyers have locked in supplies from plants that have not yet been approved for construction, so not every supply agreement may go ahead.
This week, European gas prices hit $84 per million British thermal units (mmBtu) and U.S. gas futures on Tuesday topped $10 per mmBtu for the first time since 2008.
Goldman Sachs forecasts global LNG demand to rise about 12% 424 MTPA next year and expects new plants that will supply 156 MTPA to be approved within the next five years.
Growing demand has made the United States this year’s largest LNG exporting nation during the first six months. Approved projects that are expected to begin shipments between 2023-2026 could keep the country in first place.
“The global energy crisis has been years in the making due to significant underinvestment,” said Octavio Simoes, CEO of Tellurian, which recently started construction on its long-delayed plant in Louisiana.
SOURCE: https://energynow.com/2022/08/north-american-firms-make-deals-to-boost-lng-exports
Four press releases this morning just may end the doldrums also. Just catching up on what they all say right now.
EPD has been showing some nice accumulation of shares since the end of July.
https://schrts.co/aIKefdyA
Maybe this will end the doldrums.
Best wishes,
OAG Tom
Purchase date is recorded. Settlement does not matter in regards to the distribution. Settlement is one or two days later.
EPD went ex July 28th so a purchase after on the 29th whenever the funds are "settled"..... the distribtution goes to the seller. As you explained.
Distributions are "return of capital" and not taxed like dividends as ordinary income.
Master Limited Partnerships reward their investors with distributions.
Over 1200 institutions have money invested here.
-pete
Ex-Dividend Dates: When Are You Entitled to Stock and Cash Dividends
To determine whether you should get a dividend, you need to look at two important dates. They are the "record date" or "date of record" and the "ex-dividend date" or "ex-date."
When a company declares a dividend, it sets a record date when you must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.
Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Nope, the stock traded ex dividend 7/28/2022. Check your information
Add shares accordingly. This is the best long term play in energy IMHO.
pete
Thanks RM, Good reminder.
EPD is the "Old Faithful" of dividend payers.
Best wishes,
OAG
Friday 7/29/2022 last to buy shares to receive $.475 dividend on Aug.12th.
Thanks Tom, Good trading,
Increasing as expected.
.475/share distribution, return of capital, mostly tax free, ex date 7/28, pay date 8/12.
Core shares are free now from long holding and I also flip 3-5K less than 1 year held shares in between payouts knowing the safety and steady performance long run, and that 1200 plus institutions are in EPD. They work the capital in between payouts too. Once any shares reach a year mine change to core, with 15% instead of double that cap gain upon sale.
Recently a Seeking Alpha article compared EPD to ET and picked ET as their yield is a bit better now. Opinions are best looking at what the writer is paid. Mine are free. Do your own comparison, and factor the SA paid to write set...
ET's history is rocky, and could never match the steady well managed safety of EPD. EPD plans for worst case markets and has enough cash in reserve to cover all events and yet grow.
Kelsy Warren or founder Dan Duncan's Daughter Randa with CEO Jim Teague. The latter hands down.
ET may be a good flipping candidate when it falls back into the 9's.It is down about 4X more than EPD over the last 4 years. You can control more shares with ET at 10 than EPD at 25.
Thanks for your input,
Sleep Well!
-pete
There should be another dividend payment coming at the end of the month. That's always a welcome occurrence.
Very modest accumulation of EPD shares seems to be the trend since the start of July. Another "technical" thing I've noticed is my buying tends to coincide when the Williams % R value is below -80. My selling tends to occur when the W%R is above -20. Here's a look-back over the time I've owned EPD and the 'trading around the core' I've done so far:
So far, so good. I like profitable capture of some volatility added to the dividend capture to enhance total return.
Best regards,
OAG Tom
What's with PED.
pumping oil debt free. Stock being bought by ceo.stock preforming horrible imo
Unless you flip it
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