Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) – US Capital Advisors issued their Q2 2023 earnings per share (EPS) estimates for Enterprise Products Partners in a note issued to investors on Monday, April 25th. US Capital Advisors analyst B. Followill expects that the oil and gas producer will post earnings of $0.56 per share for the quarter. US Capital Advisors also issued estimates for Enterprise Products Partners’ Q1 2022 earnings at $0.52 EPS, Q2 2022 earnings at $0.57 EPS, Q3 2022 earnings at $0.58 EPS, Q1 2023 earnings at $0.55 EPS, Q3 2023 earnings at $0.58 EPS and Q4 2023 earnings at $0.59 EPS.
A number of other research analysts have also recently issued reports on the company. Morgan Stanley lifted their target price on Enterprise Products Partners from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday. Raymond James boosted their price target on Enterprise Products Partners from $26.00 to $30.00 and gave the stock a “strong-buy” rating in a report on Monday, April 18th. Mizuho boosted their price target on Enterprise Products Partners from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 11th. Citigroup cut Enterprise Products Partners from a “buy” rating to a “neutral” rating in a report on Monday, January 31st. Finally, StockNews.com initiated coverage on shares of Enterprise Products Partners in a report on Thursday, March 31st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $27.50.
Enterprise Products Partners (NYSE:EPD – Get Rating) last posted its earnings results on Tuesday, February 1st. The oil and gas producer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.02). The firm had revenue of $11.37 billion for the quarter, compared to analyst estimates of $9.67 billion. Enterprise Products Partners had a return on equity of 18.56% and a net margin of 11.36%. The firm’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. lifted its position in shares of Enterprise Products Partners by 18.5% during the first quarter. Avantax Advisory Services Inc. now owns 147,014 shares of the oil and gas producer’s stock valued at $3,798,000 after purchasing an additional 22,915 shares in the last quarter. Good Life Advisors LLC raised its position in Enterprise Products Partners by 31.2% in the first quarter. Good Life Advisors LLC now owns 18,929 shares of the oil and gas producer’s stock worth $489,000 after acquiring an additional 4,498 shares during the period. Newbridge Financial Services Group Inc. raised its position in Enterprise Products Partners by 86.1% in the first quarter. Newbridge Financial Services Group Inc. now owns 5,133 shares of the oil and gas producer’s stock worth $132,000 after acquiring an additional 2,375 shares during the period. Avestar Capital LLC bought a new stake in Enterprise Products Partners in the first quarter worth about $685,000. Finally, Kestra Advisory Services LLC bought a new stake in Enterprise Products Partners in the first quarter worth about $262,000. 26.76% of the stock is currently owned by institutional investors.
In other news, Director John R. Rutherford purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, February 18th. The shares were bought at an average cost of $23.76 per share, with a total value of $356,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Rutherford purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 2nd. The shares were purchased at an average cost of $23.72 per share, for a total transaction of $237,200.00. The disclosure for this purchase can be found here. 37.50% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Friday, April 29th will be paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Thursday, April 28th. Enterprise Products Partners’s dividend payout ratio (DPR) is 88.57%.
Enterprise Products Partners Company Profile (Get Rating)
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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
- Get a free copy of the StockNews.com research report on Enterprise Products Partners (EPD)
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