Better Buy: Enbridge Inc. vs. Williams Partners L.P.
While Enbridge (NYSE: ENB) and Williams Partners (NYSE: WPZ) both operate energy infrastructure assets like pipelines, these companies are quite different otherwise. For starters, Williams Partners is a natural gas pipeline-focused master limited partnership (MLP) controlled by Williams Companies (NYSE: WMB) while Enbridge is a corporation that operates the world's longest oil pipeline system and it manages several MLPs. That difference in corporate structure is one reason Williams currently yields 6.2% while Enbridge's payout is 4.7%. That higher yield might tilt the scale for some income-focused investors.
That said, there are several other key differences between the two, ranging from their financial profiles to growth prospects to valuation, that make the choice between these two less obvious.
Image source: Getty Images.
Source: Fool.com
