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

Enterprise Products Partners L.P. (NYSE:EPD) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.36.

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th. Scotiabank lifted their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Argus upgraded shares of Enterprise Products Partners to a “strong-buy” rating in a research report on Monday, May 5th. Finally, Mizuho set a $38.00 target price on shares of Enterprise Products Partners and gave the company an “outperform” rating in a research report on Friday, July 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EPD. Brighton Jones LLC boosted its stake in Enterprise Products Partners by 19.9% during the 4th quarter. Brighton Jones LLC now owns 32,620 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 5,425 shares during the period. Natixis Advisors LLC lifted its stake in shares of Enterprise Products Partners by 86.0% in the 4th quarter. Natixis Advisors LLC now owns 26,685 shares of the oil and gas producer’s stock worth $837,000 after acquiring an additional 12,336 shares during the period. Signaturefd LLC lifted its stake in shares of Enterprise Products Partners by 63.2% in the 4th quarter. Signaturefd LLC now owns 8,717 shares of the oil and gas producer’s stock worth $273,000 after acquiring an additional 3,375 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Enterprise Products Partners by 2.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 14,346 shares of the oil and gas producer’s stock worth $450,000 after acquiring an additional 325 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Enterprise Products Partners in the 4th quarter worth $122,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Price Performance

NYSE EPD opened at $31.37 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. The firm’s 50 day moving average price is $31.50 and its 200-day moving average price is $32.10. Enterprise Products Partners has a 52-week low of $27.37 and a 52-week high of $34.63. The company has a market cap of $68.04 billion, a PE ratio of 11.75, a P/E/G ratio of 1.81 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). The firm had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. Sell-side analysts forecast that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a $0.545 dividend. The ex-dividend date is Thursday, July 31st. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.95%. Enterprise Products Partners’s dividend payout ratio is currently 81.65%.

About Enterprise Products Partners

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.