10 Low PE High Dividend Stocks to Buy Now

8. Enterprise Products Partners L.P. (NYSE:EPD)

Forward P/E Ratio: 11.53

Dividend Yield as of February 16: 6.40%

Enterprise Products Partners L.P. (NYSE:EPD) is a Texas-based midstream natural gas and crude oil pipeline company, headquartered in Texas. The company’s Q4 2024 earnings came in strong, grabbing investors’ attention. It posted revenue of $14.2 billion, which surpassed analysts’ consensus by $74.5 million. The company’s operating income came in at $1.9 billion and its net income amounted to $1.63 billion.

Enterprise Products Partners L.P. (NYSE:EPD) continued to demonstrate strong cash generation alongside its other financial metrics. During the quarter, the company reported operating cash flow exceeding $2.3 billion, while its adjusted free cash flow totaled $336 million. This solid financial footing allowed EPD to announce its 27th consecutive annual dividend increase in January 2025.

In the past 12 months, Enterprise Products Partners L.P. (NYSE:EPD) has surged by nearly 23%. The company is entering a growth phase, supported by rising demand for NGL exports and increasing power consumption driven by AI. It has $6.9 billion in expansion projects currently under development. Additionally, the company sees AI-driven power needs as a major factor contributing to higher natural gas consumption. With a well-established pipeline and storage network, Enterprise is among the few companies positioned to benefit from this trend. It has also emphasized its strong presence in the Dallas-Fort Worth and San Antonio areas, which are becoming significant data center hubs.