Equitrans Midstream
This energy stock offers a solid dividend and good exposure to the sector. Equitrans Midstream Corp. (NTSE: ETRN) owns, operates, acquires and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin.
The Gathering System segment includes 1,130 miles of high-pressure gathering lines with compression of approximately 485,000 horsepower and multiple interconnect points. Andi it has approximately 910 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines.
The Transmission and Storage System segment comprises 950 miles of FERCegulated interstate pipeline that connects to seven interstate pipelines and local distribution companies.
The Water Service System segment includes two independent systems comprising approximately 200 miles of pipeline that deliver fresh water from the Monongahela River, the Ohio River, local reservoirs and various regional waterways.
Equitrans Midstream comes with a 7.58% dividend. The $10 Goldman Sachs price target is higher than the $9.45 consensus a share price of $8.05 seen on Friday.
IHS
Shares of this wireless tower giant have been crushed and offer huge upside potential. IHS Holding Ltd. (NYSE: IHS) owns, operates and develops shared telecommunications infrastructure in Africa, Latin America, Europe and the Middle East. It offers colocation and lease agreement, build-to-suit, fiber connectivity and rural telephony solutions. The company serves mobile network operators, internet service providers, broadcasters, security functions and private corporations.
Including the approximately 5,700 towers subject to the imminent completion of its pending deal in South Africa, IHS will own nearly 39,000 towers across 11 countries, making the company the third largest independent multinational tower company by tower count. This geographic scale helps diversify the revenue stream, and also positions IHS in some of the largest emerging markets in the world, including the three largest countries in Africa and the largest Latin American country by gross domestic product.
Goldman Sachs trimmed its $15 target price on IHS stock to $13 this past week. The $18 consensus target is higher, and the stock traded on Friday at $5.35.
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