EPD - Enterprise Products: Our Income Account Bought For AI Tailwind

2024-07-15 12:20:44 ET

Summary

• We recently bought Enterprise Products Partners L.P. for our income account (as a replacement for our Verizon position).
• Enterprise Products Partners offers an excellent package combining high yield, consistent dividend growth, and reasonable valuation.
• Looking ahead, I see continued growth at a robust pace given our future power demands, especially those driven by the expansion of AI and other power-hungry digital technologies.

EPD stock and our barbell investment model

We recently started a position in Enterprise Products Partners L.P. ( EPD ) for our income account. As communicated in this brief post , the position was to replace our Verizon shares, which we terminated recently. Before I dive into EPD further, I must first take a step back and say a few quick words about our overall investing strategy. I use a so-called barbell model to manage my family investment portfolio. As detailed in my earlier article ,...

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