Currently, Enterprise Products Partners (EPD) is trading 2.4% above its 200-day moving average and 0.4% below its 50-day moving average.
On April 5, 2017, Enterprise Products Partners announced a distribution of $0.42 per unit for 1Q17. It’s an increase of 1.2% compared to 4Q16.
Sunoco LP’s (SUN) retail business will become a small part of its overall offering following the completion of its announced convenience store divestitures.
58.0% of analysts rate Sunoco a “hold,” 26% rate it a “buy,” while the remaining 16.0% rate it a “sell.”
On April 6, 2017, Sunoco (SUN) announced the sale of 1,110 convenience stores to 7-Eleven in a deal valued at $3.3 billion.
MLP funds’ capital inflow has recovered slightly in recent quarters compared to the second half of 2015.
MLP-focused funds underperformed the SPDR S&P 500 ETF (SPY) in the recent quarter.
Enterprise Products Partners (EPD) has a track record of consistent growth and financial discipline. It’s expected to offer an attractive upside going forward.
MLPs had a good start to 2017 in terms of M&A activity. The sector saw deals amounting to $27.6 billion in the first two months of the year.
The Permian Basin, which is one of the most prolific US shale plays in recent times, continues to experience strong drilling activity.
Yields for MLPs have come down in recent quarters, driven by the slight recovery of investor confidence in the energy sector.
The Alerian MLP Index is currently trading at a yield spread of 4.6% to the ten-year Treasury rate.
EV Energy Partners (EVEP) was the worst performing MLP in 1Q17.
Southcross Energy Partners (SXE), an MLP involved in natural gathering and processing, was the top gainer in 1Q17.
Gathering and processing MLPs were the best performing MLPs in the first quarter of 2017. The subgroup rose 14.7%.
MLPs ended 1Q17 with positive QoQ (quarter-over-quarter) returns. The quarter was among the best for MLPs since the rout in energy prices.
For investors in the top tax bracket, municipal bond (XMPT) yields on a tax-equivalent basis are roughly 5.0%.
Municipal bond issuance has been rising over the last few years. More refundings would cause the supply to rise further.
Municipal bonds were the worst-performing bond class in 2016 after solid returns in 2014 and 2015, and high-yield bonds (JNK) outperformed.
VanEck A potential hedge against climate risk Lastly, for those who recognize the potentially significant effects that climate change may have on companies and governments in the future, the idea…