Guru Stocks Raising Dividends: General Electric Company, Enbridge Energy Partners, Navios Maritime PTN, Western Gas Partners, El Paso Pipeline Partners
General Electric Company (GE) General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $172.11 billion; its shares were traded at around $16.12 with a P/E ratio of 14.8 and P/S ratio of 1.1. The company raised its quarterly dividend 20% to 12 cents/share on Friday. The news sent the stock over 3% higher for the day. Whether the company can rebuild its streak of consecutive dividend increases remains to be seen however.
GE announced today second-quarter 2010 earnings from revenues decreased 4% to $37.4 billion. GE Capital Services’ (GECS) revenues fell 2% versus last year to $13.1 billion. Industrial sales were $24.4 billion, down 6% from the second quarter of 2009. Continuing operations (attributable to GE) were $3.3 billion, with EPS of $0.30 per share up 15% from the second quarter of 2009. Revenues were $37.4 billion for the quarter, down 4% from a year ago, impacted by lower GE Capital assets, industrial dispositions and lower equipment sales as expected.
General Electric Company is owned by Brian Rogers, James Barrow, and Chris Davis.
Director James I Jr Cash sold shares of GE stock.
Enbridge Energy Partners L.P. (EEP) Enbridge Energy Partners, L.P. owns the U.S. portion of the world's longest liquid petroleum pipeline. Enbridge Energy Partners L.p. has a market cap of $5.29 billion; its shares were traded at around $54.26 with a P/E ratio of 18.2 and P/S ratio of 0.9. The company announced a cash distribution of $1.0275 per unit, which was an increase of 2.5 percent over previous quarters distribution per unit. Yield: 7.10%
Managing Director Stephen J J Letwin, Director Jeffrey A Connelly, and Director Dan Allen Westbrook bought shares of EEP stock.
NAVIOS MARITIME PTN (NMM) Navios Maritime Partners L.P. is an international owner and operator of drybulk carriers newly formed by Navios Maritime Holdings Inc. Navios Maritime Ptn has a market cap of $617.5 million; its shares were traded at around $18.17 with a P/E ratio of 11.1 and P/S ratio of 6.7. Navios Maritime Partners L.P. increased cash distributions by 1.20% to $0.42 per unit and has consistently raised distributions since going public in 2008. Yield: 9.20%
Navios Maritime Partners L.P. reported its financial results for the second quarter and six months ended June 30, 2010. Net income for the three months ended June 30, 2010 amounted to $13.2 million compared to $3.6 million for the three months ended June 30, 2009. EBITDA increased by $9.4 million to $24.6 million for the three month period ended June 30, 2010 as compared to $15.2 million for the same period of 2009.
WESTERN GAS PARTNERS LP (WES) WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. Western Gas Partners Lp has a market cap of $982.3 million; its shares were traded at around $23.96 with a P/E ratio of 18.1 and P/S ratio of 4. This master limited partnership raised quarterly distributions by 3% to 35 cents/unit and has consistently raised distributions since going public in 2008. Yield: 5.70%
Western Gas Partners, LP announced fourth-quarter and full-year financial and operating results for 2009. Net income available to limited partners for 2009 totaled $70.0 million, or $1.24 per limited partner unit (diluted), with 2009 Adjusted EBITDA of $111.2 million and 2009 distributable cash flow of $102.2 million.
CEO, President & Director Donald R. Sinclair, Senior Vice President & CFO Benjamin Matthew Fink, and Director James R Crane bought shares of WES stock.
El Paso Pipeline Partners L.P. (EPB) El Paso Pipeline Partners are a growth-oriented Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines, storage and other midstream assets. El Paso Pipeline Partners L.p. has a market cap of $3.87 billion; its shares were traded at around $31.49 with a P/E ratio of 17.8 and P/S ratio of 7.1. This distribution represents a 21% increase from the $0.33 per unit paid for the second quarter 2009 and a 5% increase from the $0.38 per unit paid for the first quarter 2010. El Paso Pipeline Partners, L.P. has raised distributions every quarter since going public in 2008. Yield: 5.10%
El Paso Pipeline Partners, L.P. reporting today first quarter 2010 financial and operational results for the partnership. For the quarter ended March 31, 2010, El Paso Pipeline Partners reported $89.3 million of net income attributable to EPB, compared with $60.2 million for the same period in 2009. Distributable cash flow was $87.7 million, compared with $57.1 million for the first quarter of 2009 period.
Owner Paso Corp/de El bought shares of EPB stock.