Enterprise Products Partners (NYSE:EPD) Given New $39.00 Price Target at JPMorgan Chase & Co.

Enterprise Products Partners (NYSE:EPD) had its price objective hoisted by JPMorgan Chase & Co. from $35.00 to $39.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas producer’s stock.

Several other research analysts have also recently issued reports on the stock. Wolfe Research cut shares of Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a report on Wednesday, January 14th. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a research note on Wednesday, March 4th. Citigroup reissued a “buy” rating and issued a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price objective on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley lowered Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price objective on the stock. in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Enterprise Products Partners presently has a consensus rating of “Hold” and a consensus price target of $36.57.

Enterprise Products Partners Price Performance

EPD stock opened at $36.72 on Tuesday. The business has a 50 day moving average price of $34.49 and a 200 day moving average price of $32.65. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07. The stock has a market cap of $79.38 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.64 and a beta of 0.59. Enterprise Products Partners has a fifty-two week low of $27.77 and a fifty-two week high of $38.22.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The company had revenue of $13.79 billion for the quarter, compared to analyst estimates of $12.44 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.55 dividend. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, January 30th. This represents a $2.20 annualized dividend and a yield of 6.0%. Enterprise Products Partners’s payout ratio is currently 82.71%.

Insiders Place Their Bets

In other Enterprise Products Partners news, Director John R. Rutherford acquired 15,000 shares of the stock in a transaction on Monday, December 29th. The shares were bought at an average cost of $32.09 per share, with a total value of $481,350.00. Following the transaction, the director owned 173,586 shares of the company’s stock, valued at approximately $5,570,374.74. This trade represents a 9.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enterprise Products Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Tred Avon Family Wealth LLC acquired a new stake in shares of Enterprise Products Partners during the third quarter worth $1,015,000. Tectonic Advisors LLC increased its stake in Enterprise Products Partners by 10.0% in the 3rd quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock valued at $21,225,000 after buying an additional 61,669 shares during the period. Westbourne Investment Advisors Inc. acquired a new position in Enterprise Products Partners in the 2nd quarter valued at $657,000. Advisors Asset Management Inc. raised its position in Enterprise Products Partners by 20.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock worth $7,189,000 after buying an additional 38,660 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Enterprise Products Partners by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock worth $39,153,000 after acquiring an additional 36,339 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Enterprise Products Partners

Here are the key news stories impacting Enterprise Products Partners this week:

• Positive Sentiment: JPMorgan raised its price target on EPD from $35 to $39 (keeps a “neutral” rating) — the higher target implies modest upside and signals the bank is more constructive on Enterprise’s outlook, which can support buying interest. Article Title
• Positive Sentiment: The Motley Fool named EPD among top energy picks and pitched it as a defensive midstream play that can hold up even if oil and gas prices fall — this kind of retail-facing coverage can attract dividend-seeking investors. The Best Energy Stock to Invest $1,000 in Right Now
• Positive Sentiment: Another Fool feature highlights EPD’s long history of distribution consistency within midstream — narratives around steady cash flow and reliable payouts tend to support valuation for MLPs/partners. Want Decades of Passive Income? 3 Stocks to Buy Right Now.
• Positive Sentiment: Additional Fool coverage lists EPD among “smart” energy stock choices amid geopolitical volatility — further reinforces the defensive/midstream story for risk-averse investors. The Smartest Energy Stocks to Buy With $100 Right Now
• Neutral Sentiment: Zacks / Yahoo Finance note that EPD is a “trending” stock with heightened user attention — increased retail interest can boost volume and volatility but is not a directional fundamental driver by itself. Enterprise Products Partners L.P. (EPD) Is a Trending Stock: Facts to Know Before Betting on It

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.