Green Plains Partners
This clean energy stock has gained a strong Wall Street following. Green Plains Partners L.P. (NASDAQ: GPP) is an unconventional renewable energy pick, but with a market capitalization just over half a billion dollars and a big dividend yield, the company could be a nice income or growth hold.
The Nebraska-based company specializes in the storage, processing and transportation of ethanol fuel. Ethanol is already a major component of current fuel options. Most retail gasoline contains some ethanol, but there is a push to increase the use of pure ethanol fuel for commercial purposes.
Demand for renewable liquid fuels is expected to grow two-fold by 2030 and four-fold by 2040. Green Plains is looking to capitalize on this push and adoption by providing the infrastructure that will underpin the industry as it expands.
Green Plains shareholders are paid a 10.39% distribution. The $25 Baird price target compares with the consensus target of $22.67. Shares closed at $18.10 on Tuesday.
This company has hit our insider buying screens numerous times over the past two years. Summit Midstream Partners L.P. (NYSE: SMLP) focuses on owning, developing and operating midstream energy infrastructure assets primarily shale formations, in North America. The company provides natural gas gathering, treating and processing services pursuant to primarily long-term and fee-based gathering and processing agreements with customers and counterparties in five unconventional resource basins.
Since going public in 2012, the company has continued increasing its distribution as the result of a number of acquisitions and investments that grew its footprint across most of the major shale plays. The company recently guided 2018 in line with expectations, and it should be another year of smooth growth and consistent distributions.
Summit Midstream investors receive a huge 14.84% distribution. Baird has set its price target at $22. The posted consensus target price was last seen at $20.89. The shares closed on Tuesday at $15.50.
This was a big consolidation story a couple of years ago, and it remains a safe play for investors. Sunoco L.P. (NYSE: SUN), together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels, primarily in the United States. The company serves convenience stores and commission agent locations, contracted independent convenience store operators and other commercial customers.
The company also distributes other petroleum products, including propane and lubricating oils, and it leases or subleases real estate properties. As of December 31, 2017, it operated 1,348 convenience stores and fuel outlets offering merchandise, food service, motor fuel and other services in approximately 20 states.
Sunoco investors are paid an 11.78% distribution. The Baird price objective is $36. The consensus target is lower at $32.50, and the shares closed most recently at $28.02.
These five top stocks are rated Outperform by the Baird analysts, pay solid and large distributions, and are cheap compared to the overall market. Given the expensive nature of the market right now, they may be among the best values to be had.
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