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

Shares of Enterprise Products Partners L.P. (NYSE:EPDGet Rating) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.44.

A number of equities analysts have recently commented on the company. Tudor, Pickering, Holt & Co. lowered Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research note on Tuesday, October 18th. Tudor Pickering downgraded Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research report on Tuesday, October 18th. Raymond James lifted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 4th. StockNews.com started coverage on Enterprise Products Partners in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, TD Securities lifted their target price on Enterprise Products Partners from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EPD. Sargent Bickham Lagudis LLC acquired a new position in shares of Enterprise Products Partners in the 2nd quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Enterprise Products Partners by 64.5% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,020 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 400 shares in the last quarter. Zullo Investment Group Inc. boosted its holdings in shares of Enterprise Products Partners by 133.1% in the 1st quarter. Zullo Investment Group Inc. now owns 1,000 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 571 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in Enterprise Products Partners in the 1st quarter worth approximately $26,000. Finally, Fairfield Bush & CO. bought a new position in Enterprise Products Partners in the 1st quarter worth approximately $31,000. 27.29% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Down 1.6 %

Enterprise Products Partners stock opened at $24.61 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.61 and a current ratio of 0.86. The business’s 50-day simple moving average is $25.01 and its 200-day simple moving average is $25.72. The firm has a market capitalization of $53.54 billion, a PE ratio of 10.61 and a beta of 1.14. Enterprise Products Partners has a 52 week low of $20.42 and a 52 week high of $28.65.

Enterprise Products Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 7.72%. The ex-dividend date of this dividend was Friday, October 28th. Enterprise Products Partners’s payout ratio is currently 81.90%.

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.

Read More

Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.