Enterprise Products Partners (NYSE: EPD) and Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) are two of my largest holdings. They do an exceptional job creating value for investors like me. I see more value creation over the horizon. They look like tremendous stocks to buy this July.  

Enterprise Products Partners has generated a 13.8% average annual total return since its initial public offering a quarter century ago. That has significantly outpaced the broader market (the S 500 delivered a 7.5% average annual total return during that period). A big factor fueling that outperformance is the energy master limited partnership's (MLP) high-yielding and steadily rising distribution. That payout currently yields 7.4%, and the MLP is on pace to reach the quarter-century milestone of consecutive increases this year. 

While that big payout certainly appeals to income-focused investors, Enterprise Products Partners has ample growth ahead. The MLP has $6.1 billion of commercially secured expansion projects currently under construction. The first wave of those projects will enter service later this year as $3.8 billion wrap-up construction and start producing cash. They will give "us good cash flow growth that'll support distribution growth down the road," according to comments by co-CEO and CFO Randy Fowler on the first-quarter conference call. That catalyst will give the company an earnings boost later this year, which could fuel strong total returns in the coming quarters.

Continue reading

Source Fool.com