Energy Stock on Fire: EPD’s 7% Yield and Massive Growth Plans Might Be About to Spark a Rally
Recent News & Industry Context The past week’s headlines have been upbeat for midstream energy. On Oct 7, EPD announced its Q3 distribution of $0.545/unit (payable Nov 14, record Oct 31) marketscreener.com – reinforcing a 27-year growth streak markets.financialcontent.com. Shortly after, a MarketBeat alert (Oct 25) noted that Weiss Ratings reaffirmed EPD at a “Buy” with an average $35.8 price target marketbeat.com. Insider buying news in late July (SEC filings) and reports of big institutional buys have also hinted at confidence. Broadly, pipeline and infrastructure stories dominated the energy news. Industry conferences (e.g. the Pennsylvania Shale Insight in early Oct) highlighted U.S. gas