Alerian Energy Infrastructure ETF (ARCA: ENFR)

Alerian Energy Infrastructure ETF (ARCA:ENFR), Quote.Headers.trade-ideas

Alerian Energy Infrastructure ETF

Energy

The underlying index is a composite of North American energy infrastructure companies engaged midstream activities involving energy commodities including gathering and processing, liquefaction, pipeline transportation, rail terminaling, and storage (also known as midstream energy businesses). The fund will normally invest at least 90% of its total assets in securities that comprise the underlying index. It is non-diversified.

Energy Transfer Lp

Enterprise Products Partners Lp

Enbridge Inc.

Cheniere Energy Inc.

Targa Resources Corp.

Williams Cos. Inc.

Kinder Morgan Inc./de

Oneok Inc.

Plains Gp Holdings Lp

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ENFR

To The Midstream For Dividends

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Low Leverage In Midstream Space Benefits This ETF

WIIM

Global Payments shares are trading lower after multiple firms downgraded the stock and cut their respective price targets on the company.

Looking into the current session, Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) shares are trading at $226.05, after a 0.56% drop. Over the past month, the stock decreased by 0.49%, but over the past year, it actually spiked by 28.14%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727273713_0.png" alt="Past Year Chart" />

<h3>Evaluating Analog Devices P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 66.88 in the Semiconductors &amp; Semiconductor Equipment industry, Analog Devices Inc. has a higher P/E ratio of 68.48. Shareholders might be inclined to think that Analog Devices Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727273713_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Analog Devices

Morgan Stanley analyst Adam Jonas upgrades AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) from Equal-Weight to Overweight and raises the price target from $145 to $200.

Upgrades

Price Target

Analyst Ratings

Morgan Stanley Upgrades AutoNation to Overweight, Raises Price Target to $200

U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Wednesday.
Shares of Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose sharply during Wednesday's session after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">target from $20 to $24</a>.
Hewlett Packard Enterprise shares jumped 5.5% to $19.92 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) shares jumped 26.2% to $8.37.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) gained 21.8% to $11.09. Maxim Group and Oppenheimer increased price targets on the stock.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) gained 15.5% to $3.9750. Northland Capital Markets analyst Mike Grondahl initiated coverage on Cipher Mining with an Outperform rating and announced a price target of $6.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) jumped 14% to $5.61.</li>
<li>Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) shares jumped 12.9% to $64.52 after Oppenheimer raised its price target on the stock from $66 to $70. The stock is also moving on continued strength following strong third-quarter earnings and guidance yesterday.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) gained 10.8% to $4.98.</li>
<li>Biohaven Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NASDAQ">BHVN</a>) surged 9% to $49.09. Biohaven recently announced its study of Troriluzole for the treatment of spinocerebellar ataxia in achieved the primary endpoint.</li>
<li>Flutter Entertainment plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NASDAQ">FLUT</a>) surged 8.3% to $246.99. Flutter Entertainment outlined long-term growth plan and up to $5 billion share repurchase program authorization.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 8% to $8.20. The company announced its electron low Earth orbit mission on Friday Sept. 20th.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 7.6% to $13.77.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) climbed 7.5% to $5.11.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 7% to $40.26.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 5.4% to $14.13.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained 4% to $23.73.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose 3% to $124.44. The company's CEO Jensen Huang adopted a Rule 10b5-1 trading plan earlier this year. According to a Barron's report, the Nvidia CEO has completed selling the maximum number of shares under the plan several months early.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>

Movers

AIXI

BHVN

CAPR

CIFR

FLUT

INTC

MNSO

NVDA

POET

PRGS

RKLB

RZLV

UPST

Hewlett Packard Enterprise, Nvidia, Progress Software And Other Big Stocks Moving Higher On Wednesday

Barrington Research analyst Vincent Colicchio maintains Hackett Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCKT#NASDAQ">HCKT</a>) with a Outperform and maintains $28 price target.

HCKT

Barrington Research Maintains Outperform on Hackett Group, Maintains $28 Price Target

Ecopetrol shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $12 to $8.5.

DUOL

Duolingo shares are trading higher after Needham and JMP Securities raised their respective price targets on the stock.

Telsey Advisory Group analyst Dana Telsey maintains Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) with a Market Perform and maintains $4 price target.

SFIX

Telsey Advisory Group Maintains Market Perform on Stitch Fix, Maintains $4 Price Target

Morgan Stanley analyst Adam Jonas downgrades Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) from Overweight to Equal-Weight and lowers the price target from $16 to $13.

Downgrades

RIVN

Morgan Stanley Downgrades Rivian Automotive to Equal-Weight, Lowers Price Target to $13

Morgan Stanley analyst Adam Jonas downgrades Phinia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHIN#NYSE">PHIN</a>) from Overweight to Equal-Weight and maintains the price target from $50 to $50.

PHIN

Morgan Stanley Downgrades Phinia to Equal-Weight, Maintains Price Target to $50

Macro Economic Events

Market Summary

Economics

General

Benzinga Market Summary: Morgan Stanley Downgrades Ford And GM Stock, New Home Sales Fall But Beat Estimates, Chinese Stocks Pull Back, Intel Rises

Canaccord Genuity analyst Joseph Vafi maintains Repay Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPAY#NASDAQ">RPAY</a>) with a Buy and maintains $13 price target.

RPAY

Canaccord Genuity Maintains Buy on Repay Holdings, Maintains $13 Price Target

This relationship brings the wide variety of insurers and policy options on the Zinnia Marketplace to the largest broker-dealer&#x2A; in the U.S., helping make life insurance processes seamless
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fzinnia.com%2F&amp;esheet=54126868&amp;newsitemid=20240925322206&amp;lan=en-US&amp;anchor=Zinnia&amp;index=1&amp;md5=e1ca4f3c17ae7cf7290728515ae2cd2d">Zinnia</a>, a leading life &amp; annuity insurance technology services company, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.lpl.com%2F&amp;esheet=54126868&amp;newsitemid=20240925322206&amp;lan=en-US&amp;anchor=LPL+Financial&amp;index=2&amp;md5=29564be439ce3bca4aa36a9dbfdda835">LPL Financial</a> (LPL) announced today a strategic relationship providing LPL's network of more than 23,000 financial advisors a simplified way to find, recommend, fulfill, and service life insurance for their clients.
Policygenius Pro by Zinnia is a turnkey insurance platform that will help LPL's network of financial advisors and credit unions accelerate life insurance sales and enable their clients to access the wide variety of insurers, coverage types, and policy options.
By leveraging these unique quoting tools from Zinnia along with its built-in referral processes, LPL advisors can significantly cut down on time spent on life insurance applications and cut placement times, while providing their clients top-tier customer service. LPL advisors receive support from a team of expert licensed insurance agents from Policygenius for case management, underwriting, and product support.

LPLA

Zinnia Announces New Strategic Relationship With LPL Financial, Bringing The Wide Variety Of Insurers And Policy Options On The Zinnia Marketplace To The Largest Broker-Dealer In The U.S., Helping Make Life Insurance Processes Seamless

Walmart Canada Announces Additional $92M Wage Investment For Frontline Associates, Including Pay Increases For Supply Chain, Frontline Management, And Retail Hourly Workers

Looking into the current session, Associated Banc Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASB#NYSE">ASB</a>) shares are trading at $21.22, after a 0.84% drop. Over the past month, the stock fell by 6.27%, but over the past year, it actually went up by 24.75%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727272991_0.png" alt="Past Year Chart" />

<h3>Evaluating Associated Banc P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 16.2 in the Banks industry, Associated Banc Inc. has a higher P/E ratio of 18.29. Shareholders might be inclined to think that Associated Banc Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727272991_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

A Look Into Associated Banc Inc's Price Over Earnings

Morgan Stanley analyst Adam Jonas upgrades Sonic Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) from Underweight to Equal-Weight and raises the price target from $40 to $58.

Morgan Stanley Upgrades Sonic Automotive to Equal-Weight, Raises Price Target to $58

AEIS

Advanced Energy Unveils Ultra-Efficient 1300W, 28V Half-Brick DC-DC Converter With Digital Control, Achieving Nearly 96% Efficiency For RF Telecom Power Amplifiers

CORRECTION: Rocket Lab announced its electron low Earth orbit mission on Friday September 20th.

Econ #s

USA New Home Sales (MoM) For August -4.7% Vs 10.3% Prior (Revised From 10.6%)

Endorsements or commentary by key business leaders can affect undecided voters&#8217; choices in the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
Here's a look at which business leader could have the biggest influence on the 2024 election.
What Happened: A new Benzinga reader poll shows that Tesla CEO Elon Musk&#8217;s endorsement of Donald Trump in the 2024 election might have had the biggest influence on the outcome.
"Which tech leader is having the most influence on the 2024 presidential election?" Benzinga asked.
The results were:
<ul>
<li>Elon Musk: 79%</li>
<li>Mark Cuban: 8%</li>
<li>Mark Zuckerberg: 7%</li>
<li>Peter Thiel: 3%</li>
<li>Tim Cook: 3%</li>
</ul>
While it may not be surprising that Musk won the poll, the overwhelming margin of his victory might catch some off guard. Musk endorsed Trump for president earlier this year and since announcing his endorsement has become more vocal on social media platform X about the election and his political leanings.
Trump and Musk took part in a<a href="https://www.benzinga.com/general/social-media/24/08/40400574/musk-trump-x-spaces-sparks-discussion-benzinga-readers-say-more-talks-should-be-hosted-on-so"> Twitter Spaces together</a>, and Trump has also said he will offer the Tesla CEO a role in the White House if he wins the 2024 election.
The endorsement of Trump, who has spoken out on electric vehicles many times, came as a bit of a surprise, but also follows years of conflict with the Biden administration and clashes over unions and which company is doing the most to provide for the future of electric vehicles.
Cuban received the second-highest total in the poll, and he differs significantly from Musk in the 2024 election race. Cuban is one of several Silicon Valley figures who <a href="https://www.benzinga.com/general/politics/24/08/40105641/mark-cuban-reid-hoffman-vinod-khosla-and-nearly-500-venture-capitalists-back-kamala-harris-in-20" target="_blank" rel="noopener">have publicly endorsed</a> Vice President Kamala Harris for the presidency. The Harris campaign has <a href="https://www.benzinga.com/news/24/09/40933169/mark-cuban-teams-up-with-kamala-harris-to-protect-american-businesses-from-unfair-foreign-competitio" target="_blank" rel="noopener">asked Cuban for input </a>on several items.
Zuckerberg and Trump have clashed in recent years over the handling of the former president's account on social media platforms Facebook and Instagram. Trump <a href="https://www.benzinga.com/news/24/09/40785288/did-mark-zuckerberg-really-say-no-way-i-can-vote-for-a-democrat-in-this-election-to-trump">claims that Zuckerberg </a>told him that he couldn't vote for a Democrat in the election, which Zuckerberg's team has denied.
"As Mark has said publicly, he's not endorsing anybody in the race and not communicated to anybody how he intends to vote," a spokesperson said.
Zuckerberg will remain a figure to watch ahead of and after the election as social media platforms seek to fight misinformation and allegations of election interference. Trump has hinted at potential jail time for Zuckerberg in the future.
Thiel <a href="https://www.benzinga.com/general/politics/24/06/39557155/palantir-co-founders-thiel-lonsdale-back-trump-in-2024-election-id-rather-have-him-than-biden">has publicly endorsed</a> Trump for the 2024 election, but unlike past elections, he is not donating to the former president.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: While most voters will make their decision in the 2024 election based on one or several key factors, such as the economy, immigration, inflation, abortion, health care, and more, some undecided voters may look to technology leaders they respect to get a sense of what could be in store in the future.
With Trump, a past president, his proponents have pointed to how the country performed during his time in office. For Harris, the key could be sharing how she will be different from the Biden administration under which she is currently serving.
The economy experienced high inflation and many consumers were hurt over the last several years, while the stock market reached all-time highs during the same time period.
Outside of technology leaders, global superstar Taylor Swift may have the biggest influence on the 2024 election as her endorsement of Harris <a href="https://www.benzinga.com/general/sports-betting/24/09/40823510/trump-vs-harris-2024-election-betting-odds-show-love-story-for-vice-president-after-debate">helped immediately boost </a>the betting odds for the vice president and her links to voter registration sites saw a surge in traffic.
The study was conducted by Benzinga Sept. 19 through Sept. 20, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 156 adults.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39804113/exclusive-elon-musk-is-burning-his-own-blue-bridges-by-donating-to-trump-says-market-expert">EXCLUSIVE: Elon Musk Is &#8216;Burning His Own Blue Bridges&#8217; By Donating To Trump, Says Market Expert</a></li>
</ul>
Photo: Shutterstock

Politics

Tech

Musk, Zuckerberg, Cook, Cuban Or Thiel: Who's The Most Influential Tech Leader In 2024 Election? Benzinga Readers Respond, And It's Not Even Close

Alerian Energy Infrastructure ETF declares $0.342 dividend

In a volatile market environment, the steady cash flows and reliable dividends offered by energy infrastructure stocks hold significant appeal for ...

ENFR ETF: Steady Dividends from Energy Infrastructure Stocks

ENFR ETF Offers Steady Cash Flows and 5% Yield

In this video, I discuss ETF strategies for navigating changes to interest rates. I also cover strategies for dividends, equity growth, and income.

Earn And Grow: Examining Dividend ETFs With Big Growth Potential

AI, Natural Gas, And Midstream's Emerging Opportunities

Can MLPs/Midstream Benefit From Lower Interest Rates?

MLPs And UBTI: What Advisors Should Know

Pipelines Set To Expand Amid Successful Open Seasons

LNG Tailwind For U.S. Natural Gas Intact As Projects Progress

Sell AMLP, Buy These ETFs Instead

AMJB

AMLP

AMNA

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AMUB

AMZA

ATMP

BOIL

EINC

EMLP

JJETF

LNGG

MLPA

MLPB

MLPX

MNBD

OUSM

REIT

SMTH

TPYP

USAI

Press Releases

ALERIAN ENERGY INFRASTRUCTURE ETF DECLARES FIRST QUARTER DISTRIBUTION OF $0.34292

ALERIAN ENERGY INFRASTRUCTURE ETF DECLARES SECOND QUARTER DISTRIBUTION OF $0.34117

ALERIAN ENERGY INFRASTRUCTURE ETF DECLARES THIRD QUARTER DISTRIBUTION OF $0.34205

SSNC

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Top Stock Ideas Sent Daily — Join and Gain Your Edge

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Alerian Energy Infrastructure ETF

Overview

Alerian Energy Infrastructure ETF (ARCA:ENFR), Quote.Headers.trade-ideas