Enterprise Products Partners LP (EPD)

[pete807]

Right track, yes you will.

Wait for EPD with patience and conviction.

[Think1st]

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
Thank you

[OldAIMGuy]

Hi Pete,
Officers and directors own ~!32% of outstanding units, too.
Skin in the Game.

OAG Tom

[pete807]

Hi Tom,
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.

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,
-pete

[OldAIMGuy]

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,
OAG Tom

[pete807]

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.

[Think1st]

Is it better to invest in THIS low price stock
Or better a higher price stock with basically same yield

[pete807]

Hi Phil, I am always on the lookout for stocks to hoard like EPD.

Zzzzzzzz

[pos_stock_hoarder]

Nothing wrong with Warren Buffet agreeing with a stock I own!

[Think1st]

Thank you ??

[pete807]

I think they understand the reality of energy.
Especially the real time line for the gradual move to 0 carbon.
Not the political narrative.

[Think1st]

EPD they are following YOUR list!!!!!!!

https://247wallst.com/investing/2023/06/01/warren-buffett-continues-to-load-up-on-energy-5-cheap-global-integrated-oil-mega-caps-with-huge-dividends/

[Think1st]

Ok i did it.
Thank you for replying

[pete807]

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

[Think1st]

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

[OldAIMGuy]

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

[Think1st]

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

[Think1st]

Hi few years ago you mentioned this stock and ectm
Can you please update me on good dividends stocks

[pete807]

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

[pete807]

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

[RubyMartin]

$.49 Quarterly Distribution on May 12th to those holding units at the close on April 28th.

[pete807]

https://seekingalpha.com/article/4574363-enterprise-products-partners-q4-results-show-powerful-income-credentials?mailingid=30426925&messageid=2800&serial=30426925.23456&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=30426925.23456

[pete807]

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

[OldAIMGuy]

Hi JH, Re: EPD......................

A nice $0.49 dividend was declared on 01/30. That always makes me smile.

Best wishes,
OAG Tom

[janeyH]

Wolfe might want to up that target a little

[pete807]

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

[pete807]

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

[chessmaster315]

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.

[RubyMartin]

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.)

[RubyMartin]

Wolfe is giving price target of $27.

[pete807]

Wolfe Research upgrades EPD to outperform

[RubyMartin]

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.

[pete807]

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!

[pete807]

https://seekingalpha.com/article/4565269-is-enterprise-products-safe-dividend-stock?mailingid=30022685&messageid=2800&serial=30022685.20092&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=30022685.20092

[pete807]

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

[Kgem]

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

[OldAIMGuy]

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

[Kgem]

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.

[Trueheart]

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

[pete807]

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

[RubyMartin]

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.

[RubyMartin]

$.475 Will Be Payed On Nov. 14 to those who hold shares on Oct. 31.
(24 years of consecutive distribution growth)

[Kgem]

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

[OldAIMGuy]

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

[Trueheart]

Ah Pete,

Your investing acumen is evident.

Trueheart

[pete807]

All ships need an anchor.

Mine is over 2 decades here.
GLTA!
-pete

[Kgem]

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.

[pete807]

$EPD Truist Securities raises target price to $33 from 32.

[Kgem]

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

[Kgem]

Four press releases this morning just may end the doldrums also. Just catching up on what they all say right now.