Enterprise Products Partners L.P. (NYSE:EPD) Receives Average Rating of “Hold” from Brokerages

Enterprise Products Partners L.P. (NYSE:EPDGet Free Report) has earned an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.00.

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $40.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a research report on Tuesday, December 16th. Wolfe Research downgraded 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. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Finally, Morgan Stanley lowered shares of Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price objective for the company. in a research note on Thursday, December 18th.

Read Our Latest Stock Report on EPD

Enterprise Products Partners Stock Up 0.5%

Shares of Enterprise Products Partners stock opened at $36.16 on Monday. Enterprise Products Partners has a 1 year low of $27.77 and a 1 year high of $37.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.60. The stock has a market cap of $78.22 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 2.57 and a beta of 0.58. The firm’s 50-day moving average is $33.77 and its two-hundred day moving average is $32.38.

Enterprise Products Partners (NYSE:EPDGet Free Report) last announced its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. The firm had revenue of $13.79 billion during the quarter, compared to analysts’ expectations of $12.44 billion. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.43%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, research analysts expect that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.55 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, January 30th. Enterprise Products Partners’s dividend payout ratio is 82.71%.

Insider Transactions at Enterprise Products Partners

In other news, Director John R. Rutherford acquired 15,000 shares of Enterprise Products Partners stock in a transaction dated Monday, December 29th. The stock was purchased at an average cost of $32.09 per share, for a total transaction of $481,350.00. Following the completion of the purchase, the director directly owned 173,586 shares in the company, valued at $5,570,374.74. This trade represents a 9.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.60% of the stock is owned by company insiders.

Institutional Trading of Enterprise Products Partners

Several institutional investors and hedge funds have recently bought and sold shares of EPD. PMV Capital Advisers LLC acquired a new stake in Enterprise Products Partners in the 4th quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in shares of Enterprise Products Partners in the second quarter valued at about $28,000. Traub Capital Management LLC purchased a new stake in shares of Enterprise Products Partners during the second quarter worth about $31,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the 3rd quarter worth about $31,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Enterprise Products Partners in the 3rd quarter valued at about $32,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Enterprise Products Partners

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

Enterprise Products Partners Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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