Enterprise Products Partners L.P. (NYSE:EPD) Receives $33.73 Consensus PT from Analysts

Enterprise Products Partners L.P. (NYSE:EPD) has been assigned an average rating of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.73.

Several research analysts have recently issued reports on the company. StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on shares of Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Truist Financial upped their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.

Institutional Trading of Enterprise Products Partners

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth $25,000. Stephens Consulting LLC acquired a new stake in shares of Enterprise Products Partners during the 1st quarter worth about $29,000. Palisade Asset Management LLC purchased a new stake in shares of Enterprise Products Partners during the first quarter worth about $29,000. Mascoma Wealth Management LLC acquired a new position in shares of Enterprise Products Partners in the second quarter valued at approximately $29,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Enterprise Products Partners by 1,000.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 0.2 %

Shares of Enterprise Products Partners stock opened at $29.04 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Enterprise Products Partners has a 52-week low of $25.61 and a 52-week high of $30.05. The company has a market capitalization of $63.05 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.49 and a beta of 1.03. The company has a 50 day moving average of $29.25 and a 200 day moving average of $28.95.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, July 30th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $13.48 billion for the quarter, compared to analysts’ expectations of $14.23 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. Enterprise Products Partners’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. As a group, research analysts forecast that Enterprise Products Partners will post 2.71 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.23%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s payout ratio is 82.35%.

About Enterprise Products Partners

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.