Bullish on Two Large-Cap Energy Stocks: Managing Director
By: Gennine Kelly | Web Producer
Darren Horowitz, managing director of Energy Equity Research at Raymond James & Associates, told CNBC Monday he is bullish on two large-cap stocks, Enterprise Product Partners and Williams Partners.
Enterprise Product Partners is a midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products and petrochemicals in the United States, Canada and Gulf of Mexico.
EPD has a 5.8 percent dividend yield. Horowitz predicts an increased distribution of 5 percent to 6 percent over the next two years.
Williams Partners is a diversified master limited partnership. The company is an integrated natural gas company focused on exploration and production, midstream gathering and processing, and interstate natural gas transportation in the US.
WPZ has a yield of 5.6 percent. Horowitz predicts it will have a high dividend growth rate possibly between 6 percent to 10 percent in the next two years.
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