Distributable Cash Flows Improve At EPE
Analysts at Oppenheimer & Co maintain their "outperform" rating on Enterprise GP Holdings (NYSE: EPE) while raising their estimates for the company. The target price for EPE has been raised from $40 to $43.
According to Oppenheimer & Co, Enterprise Product Partners and Energy Transfer Partners have announced equity offerings which would enhance the distributable cash flows of Enterprise GP Holdings. Enterprise GP Holdings has ownership interest in Enterprise Product Partners and Energy Transfer Partners.
Enterprise GP Holdings would continue to raise its distribution given its diversified cash flow stream, the analysts say. Investors may add positions in EPE’s stock, if there is a pullback, the analysts add. Oppenheimer & Co has raised its EPS estimates for 2009 and 2010 from $1.16 to $1.17 and from $1.03 to $1.05, respectively.
