Enterprise Products Partners L.P. (NYSE:EPD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $33.08.

EPD has been the topic of a number of research reports. Morgan Stanley cut their price target on Enterprise Products Partners from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. JPMorgan Chase & Co. cut their price target on Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. StockNews.com lowered Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Finally, Truist Financial boosted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.

Hedge Funds Weigh In On Enterprise Products Partners

Institutional investors have recently bought and sold shares of the business. JRM Investment Counsel LLC increased its position in Enterprise Products Partners by 2.1% during the fourth quarter. JRM Investment Counsel LLC now owns 505,364 shares of the oil and gas producer’s stock worth $13,316,000 after buying an additional 10,404 shares during the last quarter. Linscomb & Williams Inc. grew its position in shares of Enterprise Products Partners by 16.6% in the fourth quarter. Linscomb & Williams Inc. now owns 204,907 shares of the oil and gas producer’s stock valued at $5,399,000 after purchasing an additional 29,112 shares during the last quarter. Natixis Advisors L.P. acquired a new position in shares of Enterprise Products Partners in the fourth quarter valued at approximately $314,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Enterprise Products Partners by 37.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 881,700 shares of the oil and gas producer’s stock valued at $23,233,000 after purchasing an additional 240,300 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Enterprise Products Partners by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after purchasing an additional 3,770 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 0.3 %

NYSE:EPD opened at $29.08 on Thursday. The stock has a market cap of $63.15 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.33 and a beta of 1.04. The stock has a 50-day moving average price of $29.13 and a two-hundred day moving average price of $28.66. Enterprise Products Partners has a 1 year low of $25.61 and a 1 year high of $30.05. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $14.23 billion. Enterprise Products Partners had a net margin of 10.48% and a return on equity of 20.18%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. As a group, equities analysts expect that Enterprise Products Partners will post 2.72 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.22%. The ex-dividend date was Wednesday, July 31st. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.52. Enterprise Products Partners’s dividend payout ratio is presently 82.35%.

Enterprise Products Partners Company Profile

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.