TRGP - Like Enterprise Products Partners But Want More Growth? You Should Check Out This Higher-Octane Rival.
2024-07-05 05:44:00 ET
Enterprise Products Partners (NYSE: EPD) is one of the more popular energy stocks. A big factor is its prodigious payout. The master limited partnership (MLP) currently yields more than 7%. That's well above the S&P 500's dividend yield (around 1.3%).
That big-time income stream typically makes up the bulk of the MLP's total return. Those seeking more growth (and higher total return potential) should check out midstream rival Targa Resources (NYSE: TRGP) . While it has a much lower dividend yield (recently over 2%), it has delivered much higher-octane total returns this year, which could continue in the future .
Targa Resources' stock price has soared in 2024, easily outpacing the return generated by Enterprise Products Partners:
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Like Enterprise Products Partners But Want More Growth? You Should Check Out This Higher-Octane Rival.