Enterprise Products Partners L.P. (NYSE:EPD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Enterprise Products Partners L.P. (NYSE:EPD) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.58.

Several equities research analysts recently commented on EPD shares. Stifel Nicolaus increased their price objective on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays increased their price objective on Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Thursday, April 4th. Scotiabank lifted their target price on Enterprise Products Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 4th. Finally, Wells Fargo & Company lifted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th.

Institutional Investors Weigh In On Enterprise Products Partners

A number of hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC lifted its stake in shares of Enterprise Products Partners by 1.1% during the 1st quarter. Lindbrook Capital LLC now owns 71,630 shares of the oil and gas producer’s stock worth $2,090,000 after purchasing an additional 787 shares during the last quarter. Villere ST Denis J & Co. LLC purchased a new stake in Enterprise Products Partners in the first quarter valued at about $216,000. Carmel Capital Partners LLC purchased a new stake in Enterprise Products Partners in the first quarter valued at about $207,000. Capital Investment Advisory Services LLC raised its stake in Enterprise Products Partners by 2.9% in the first quarter. Capital Investment Advisory Services LLC now owns 45,070 shares of the oil and gas producer’s stock valued at $1,315,000 after buying an additional 1,274 shares during the last quarter. Finally, Penn Davis Mcfarland Inc. raised its stake in Enterprise Products Partners by 1.2% in the first quarter. Penn Davis Mcfarland Inc. now owns 1,211,705 shares of the oil and gas producer’s stock valued at $35,358,000 after buying an additional 14,523 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $28.92 on Friday. Enterprise Products Partners has a 1-year low of $25.19 and a 1-year high of $29.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The business has a fifty day moving average price of $28.55 and a 200-day moving average price of $27.32. The company has a market capitalization of $62.71 billion, a PE ratio of 11.48 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The firm had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $12.43 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts expect that Enterprise Products Partners will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is currently 81.75%.

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.