Enterprise software is a hot ticket these days.
I am upgrading Enterprise Products Partners to a Strong Buy due to recent insider purchases and the favorable outcome of the U.S. presidential election. Co-CEO A.J. Teague's latest purchases were made at the end of August's near a price of $29. EPD's current price is only about 10% higher, and has not nearly priced in the new catalysts since then.
Shares of Hewlett Packard Enterprise (HPE 11.48%) rose more than 11% on Friday, following the release of robust fiscal fourth-quarter results. By 2:50 p.m.
Analysts at Citigroup upgrade shares of HPE to Buy from Neutral.
Hewlett Packard Enterprise (HPE) shares popped after the company's better-than-expected fiscal fourth-quarter results drew price target bumps from analysts.
Hewlett Packard Enterprise Company HPE reported better-than-expected financial results for its fourth quarter on Thursday.
The combination of a new interest rate cut cycle and a swelling stock market will set up a fertile environment for more mergers and acquisitions in 2025. Lower interest rates will make financing the buyouts cheaper, while a rising stock market will enhance the buying power of acquirers using their stock in the transactions.
Hewlett Packard Enterprise (HPE) delivered fiscal fourth-quarter earnings that beat analysts' expectations, driven by growth in server revenue.
Hewlett Packard Enterprise beat Wall Street expectations for fourth-quarter revenue and profit on Thursday, as it benefits from strong demand for its servers used to power artificial intelligence applications.
EPD boasts a stable business model and is not significantly exposed to the volatility in oil and gas prices.
Enterprise Products Partners offers a 6.3% dividend yield, backed by 26 years of growth, making it a reliable income investment. EPD's mission-critical assets and strategic investments in the Permian and NGL markets position it as a leader in energy infrastructure. Secular growth tailwinds, including rising U.S. energy production and export demand, support long-term capital gains for EPD.
Pipeline company Enterprise Products Partners (EPD 2.32%) has had a strong year, with its stock price up about 30% as of this writing, while also paying out a very attractive distribution. Despite its solid performance this year, there is good reason to believe that the stock is well-positioned to continue to be a strong performer in the years ahead.