Enterprise Products Partners (NYSE:EPD) Upgraded at US Capital Advisors

US Capital Advisors upgraded shares of Enterprise Products Partners (NYSE:EPD) from a moderate buy rating to a strong-buy rating in a report published on Monday, Zacks.com reports.

EPD has been the subject of several other research reports. Bank of America started 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 objective for the company. Truist Financial lifted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, StockNews.com cut Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $33.73.

Enterprise Products Partners Stock Up 0.5 %

EPD stock opened at $29.24 on Monday. The stock’s 50 day moving average is $29.24 and its 200-day moving average is $28.95. Enterprise Products Partners has a twelve month low of $25.61 and a twelve month high of $30.05. The firm has a market capitalization of $63.46 billion, a PE ratio of 11.16, a P/E/G ratio of 1.32 and a beta of 1.03. 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 (NYSE:EPD) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.13% and a net margin of 10.48%. Enterprise Products Partners’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Sell-side analysts expect that Enterprise Products Partners will post 2.7 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.10 annualized dividend and a dividend yield of 7.18%. Enterprise Products Partners’s dividend payout ratio is currently 80.15%.

Institutional Trading of Enterprise Products Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. bought a new stake in shares of Enterprise Products Partners during the second quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in Enterprise Products Partners during the first quarter valued at approximately $29,000. Mascoma Wealth Management LLC bought a new stake in Enterprise Products Partners during the 2nd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. lifted its stake in Enterprise Products Partners by 1,000.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 1,100 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in Enterprise Products Partners in the 2nd quarter valued at $37,000. 26.07% of the stock is currently owned by institutional investors.

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.