Shares of Enterprise Products Partners L.P. (NYSE:EPD – Get Rating) have received an average rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $29.00.
A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Enterprise Products Partners from $27.00 to $30.00 in a report on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Monday, May 16th. StockNews.com assumed coverage on shares of Enterprise Products Partners in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Morgan Stanley raised their price objective on shares of Enterprise Products Partners from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Tuesday, April 26th. Finally, Raymond James lifted their price target on shares of Enterprise Products Partners from $26.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 18th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthspire Advisors LLC raised its position in shares of Enterprise Products Partners by 118.6% in the third quarter. Wealthspire Advisors LLC now owns 50,555 shares of the oil and gas producer’s stock valued at $1,094,000 after buying an additional 27,425 shares during the last quarter. Cetera Advisors LLC grew its holdings in Enterprise Products Partners by 30.9% in the third quarter. Cetera Advisors LLC now owns 367,394 shares of the oil and gas producer’s stock valued at $7,950,000 after purchasing an additional 86,796 shares during the period. Thrivent Financial for Lutherans grew its holdings in Enterprise Products Partners by 0.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,195,317 shares of the oil and gas producer’s stock valued at $47,625,000 after purchasing an additional 7,073 shares during the period. HighTower Trust Services LTA grew its holdings in Enterprise Products Partners by 1.7% in the fourth quarter. HighTower Trust Services LTA now owns 545,483 shares of the oil and gas producer’s stock valued at $11,979,000 after purchasing an additional 9,250 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Enterprise Products Partners by 56.7% in the fourth quarter. International Assets Investment Management LLC now owns 70,898 shares of the oil and gas producer’s stock valued at $1,557,000 after purchasing an additional 25,663 shares during the period. Institutional investors own 27.29% of the company’s stock.
Enterprise Products Partners (NYSE:EPD – Get Rating) last released its earnings results on Monday, May 2nd. The oil and gas producer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $13.01 billion for the quarter, compared to analyst estimates of $10.47 billion. Enterprise Products Partners had a net margin of 10.28% and a return on equity of 18.08%. The firm’s quarterly revenue was up 42.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. On average, equities research analysts anticipate that Enterprise Products Partners will post 2.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Friday, April 29th were given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend was Thursday, April 28th. Enterprise Products Partners’s payout ratio is currently 89.42%.
About Enterprise Products Partners (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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