Shares of Enterprise Products Partners L.P. (NYSE:EPD – Get Free Report) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.60.
Several equities research analysts have issued reports on EPD shares. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. JPMorgan Chase & Co. lifted their target price on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $39.00 price target on shares of Enterprise Products Partners in a research report on Thursday. Morgan Stanley reiterated an “underweight” rating and issued a $42.00 price target on shares of Enterprise Products Partners in a report on Tuesday, April 14th. Finally, Jefferies Financial Group boosted their price objective on Enterprise Products Partners from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Tuesday, March 31st.
Insider Buying and Selling
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in EPD. Auto Owners Insurance Co lifted its holdings in Enterprise Products Partners by 3,106.0% in the 4th quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock worth $102,784,000 after buying an additional 31,060,000 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Enterprise Products Partners during the third quarter valued at about $292,194,000. Goldman Sachs Group Inc. increased its position in shares of Enterprise Products Partners by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,163,343 shares of the oil and gas producer’s stock worth $582,317,000 after acquiring an additional 1,940,583 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Enterprise Products Partners by 119.4% during the second quarter. Corient Private Wealth LLC now owns 2,414,035 shares of the oil and gas producer’s stock worth $74,859,000 after acquiring an additional 1,313,976 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Enterprise Products Partners by 57.5% in the fourth quarter. Barclays PLC now owns 2,928,068 shares of the oil and gas producer’s stock worth $93,874,000 after acquiring an additional 1,069,304 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.
Enterprise Products Partners Stock Performance
Enterprise Products Partners stock opened at $39.38 on Friday. The company has a market cap of $85.14 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. Enterprise Products Partners has a 12 month low of $30.01 and a 12 month high of $39.93. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The stock’s 50-day moving average is $37.86 and its 200-day moving average is $34.80.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last issued its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities analysts anticipate that Enterprise Products Partners will post 2.92 earnings per share for the current year.
Enterprise Products Partners Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 81.48%.
About Enterprise Products Partners
Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.
Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.
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