Stock price when the opinion was issued
This is the one he likes in the space. Part of its business is very utility-like. Steady dividend, which will rise over time. Dividend also looks attractive in the face of an economic slowdown when interest rates would fall. Hold for the long haul.
More pipeline builds would certainly be an opportunity for growth for this name, but that's not why he owns it.
Good dividend payer. Not a particularly high grower. Not cheap at this point with the stock price being bid up in order to get the dividends. Stable and relatively low volatility going forward.