Top Picks Mid-Year Updates- Enterprise Products Partners

Units of midstream energy giant Enterprise Products Partners LP (EPD) have performed well in 2021, with a total return of 31.5% (including distributions) year-to-date through June 9th, reports Bob Ciura, contributing editor to Sure Retirement.

It has significantly outperformed the broader market in this time—the SPDR S&P 500 ETF (SPY) has delivered a year-to-date total return of 13.3%.

See also: Top Picks Mid-Year Updates: Firstenergy Corp.

Despite the impressive performance, EPD remains a buy. EPD still has a high yield of 7.3%, while the units remain reasonably priced. EPD continues to be a major winner from the pandemic reopening and economic recovery.

Enterprise Products is an energy infrastructure company. It operates midstream assets such as pipelines and storage terminals. Its assets include 50,000 miles of pipeline, as well as 260 million barrels of NGL, petrochemical, refined products, and crude oil storage capacity. Additionally, it has 14 billion cubic feet of natural gas storage capacity.