Enterprise Products Partners stays flat for the week, midstream ETF struggles before short holiday week
Enterprise Products Partners (EPD) closed at $36.57 Friday, barely changed from June 18 despite sharp daily swings and trading volume 25% below average, lagging the Alerian MLP ETF’s 1.5% gain even as first-quarter adjusted EBITDA rose 10% and yield held near 6%, with analysts’ average target 12.8% above current price.