After Markets Surge, Investors Take A Breather With MLPs (MMP, EPD, KMP, APU, BBEP, CPLP)

Tickerspy’s MLPs Index

MLPS INVESTING IDEAS

• Popular long ideas: KMP, EPD, LINE
• Popular short ideas: TNH, LINE, KMP
• Top dividend plays: RNO, NMM, QRE
• Pro favorites: EPD, PAA, KMI

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MLPS COVERAGE

Typically high-yielding companies that employ a Master Limited Partnership operating structure

• MLPs Jump As Cramer Remains Bullish On Enterprise Products (EPD, XTEX, EEP, ETP, KMP, OKS, CLMT, TNH)
• Plenty Of MLPs Put Under Morgan Stanley's Microscope (MMP, TCLP, NGLS, KMP, SEP, DPM, NS, NSH, ETP, CHKM)
• MLPs Move Higher Despite Shaky Earnings Reports (BBEP, ENP, EVEP, NGLS, EPD, KMP, GMLP)

MLPS CHART

MLPS METRICS

Avg. Market Cap:	$5.7B
Avg. P/E Ratio:	33.5
Avg. Div Yield:	6.7%

After the S&P 500 and Dow Jones Industrial Average broke above critical resistance areas on Tuesday, stocks are taking a small breather today as investors appear to be taking a look at more conservative fare, helping the MLPs Index to a gain of 0.1%.

A strong earnings report from Index member Magellan Midstream Partners (MMP) is helping boost MLPs as well. Oklahoma-based Magellan Midstream said its fourth-quarter operating profit surged 11% and the company said its distributable cash flow rose 22% to a quarterly record of $128.1 million for fourth quarter 2010 compared to $104.9 million during fourth quarter 2009. The company raised its quarterly dividend by a penny on Jan. 27. Magellan Midstream currently yields 5.3% based on historical distributions.

Enterprise Products Partners (EPD) and Kinder Morgan Energy Partners (KMP), the two largest U.S. MLPs by market value, are also fractionally higher today. AmeriGas Partners (APU), with a yield of 5.6% based on historical distributions, is up slightly and sitting near a new 52-week high while BreitBurn Energy Partners (BBEP), with a yield of 7.4% based on historical distributions, is up 1% and also rests at a new 52-week high.

Capital Product Partners (CPLP) is the worst performer in the Index today with a decline of 4%. That stock yields 9.1% based on historical distributions.

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Tags: APU, BBEP, CPLP, EPD, KMP, MMP