Royal Bank Of Canada Issues Positive Forecast for Enterprise Products Partners (NYSE:EPD) Stock Price

Enterprise Products Partners (NYSE:EPD) had its price target boosted by Royal Bank Of Canada from $40.00 to $42.00 in a research report released on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the oil and gas producer’s stock.

EPD has been the subject of a number of other research reports. Jefferies Financial Group restated a “hold” rating and set a $34.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Enterprise Products Partners in a report on Friday, December 19th. Truist Financial assumed coverage on shares of Enterprise Products Partners in a research note on Tuesday, March 24th. They set a “hold” rating and a $36.00 price target on the stock. UBS Group reissued a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. Finally, Wolfe Research downgraded shares of Enterprise Products Partners from a “peer perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Products Partners has an average rating of “Moderate Buy” and an average price target of $37.33.

Enterprise Products Partners Trading Down 0.5%

NYSE:EPD opened at $39.10 on Monday. The firm has a market cap of $84.53 billion, a P/E ratio of 14.70, a PEG ratio of 1.57 and a beta of 0.58. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $36.08 and its 200-day simple moving average is $33.26. Enterprise Products Partners has a 12-month low of $27.77 and a 12-month high of $39.74.

Enterprise Products Partners (NYSE:EPD) last issued 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. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm had revenue of $13.79 billion during the quarter, compared to the consensus estimate of $12.44 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts anticipate that Enterprise Products Partners will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given 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 5.6%. The ex-dividend date was Friday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 82.71%.

Insider Activity

In other Enterprise Products Partners news, CEO Aj Teague acquired 2,665 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the transaction, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at approximately $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 32.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Enterprise Products Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the 3rd quarter worth approximately $31,000. Abich Financial Wealth Management LLC acquired a new position in shares of Enterprise Products Partners during the 3rd quarter worth approximately $32,000. Texas Capital Bancshares Inc TX purchased a new stake in Enterprise Products Partners in the 3rd quarter valued at approximately $32,000. Finally, Financial Consulate Inc. purchased a new stake in Enterprise Products Partners in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Trending Headlines about Enterprise Products Partners

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

• Positive Sentiment: MLP sector rally: Master limited partnerships including Enterprise Products are being bid up as investors chase high yields and defensive “toll-road” cash flows; the Invezz piece highlights broad MLP strength and peer gains that are supporting EPD. Here’s why MLP stocks like Energy Transfer, Enterprise Partners are soaring
• Positive Sentiment: Analyst bullishness: Royal Bank of Canada raised its price target on EPD to $42 and moved to an “outperform” rating — a near-term catalyst that lends upside support to the stock. RBC raises PT to $42 / Outperform
• Positive Sentiment: Institutional reappraisals and presentations: Recent investor attention from presentations (World Chemical Forum) and upgrades — including Wells Fargo’s move to Overweight and coverage initiated by Truist that cited strong balance-sheet metrics and distribution coverage — support confidence in EPD’s resilience. How Investors Are Reacting To Enterprise Products Partners (EPD)
• Neutral Sentiment: Positive long-term narratives: Dividend/fundamental write-ups (Motley Fool pieces) continue to present EPD as a reliable, high-yield “toll road” and long-term dividend holding — supportive for buy-and-hold investors but less likely to move intraday price materially. 3 High-Yield Pipeline Stocks to Buy Now and Hold Forever
• Negative Sentiment: Sell-side caution and downgrades: A Seeking Alpha piece argues the “window of opportunity is closing” for EPD, which can pressure sentiment among tactical traders. Enterprise Products Partners: The Window Of Opportunity Is Closing Fast
• Negative Sentiment: Recent hold/price-target cuts: Coverage notes initiating or lowering to Hold with sub-current price targets (e.g., $36 initiation reported across outlets) weigh on near-term upside and introduce conflicting signals versus the RBC raise. EPD initiated with ‘hold’ rating, $36 PT

About Enterprise Products Partners

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.