Enterprise Products Partners (NYSE:EPD) Research Coverage Started at Capital One Financial

Capital One Financial started coverage on shares of Enterprise Products Partners (NYSE:EPD) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $42.00 price target on the oil and gas producer’s stock.

EPD has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Melius Research assumed coverage on shares of Enterprise Products Partners in a report on Tuesday. They set a “hold” rating and a $42.00 price target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, June 17th. TD Cowen reiterated a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.12.

Enterprise Products Partners Stock Performance

Shares of EPD stock opened at $37.26 on Tuesday. Enterprise Products Partners has a 1-year low of $30.01 and a 1-year high of $40.17. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $80.45 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.40 and a beta of 0.50. The stock’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $37.98.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. Enterprise Products Partners had a return on equity of 20.67% and a net margin of 10.79%.The firm had revenue of $18.27 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 60.8% on a year-over-year basis. On average, sell-side analysts predict that Enterprise Products Partners will post 3.02 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.56 per share. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.0%. Enterprise Products Partners’s dividend payout ratio (DPR) is 77.78%.

Institutional Investors Weigh In On Enterprise Products Partners

Large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in Enterprise Products Partners in the second quarter valued at approximately $37,000. Bravera Wealth increased its stake in shares of Enterprise Products Partners by 666.7% during the 2nd quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer’s stock worth $38,000 after purchasing an additional 900 shares during the last quarter. Markowski Investments acquired a new position in shares of Enterprise Products Partners during the 2nd quarter worth $46,000. BOK Financial Private Wealth Inc. bought a new position in shares of Enterprise Products Partners during the 2nd quarter valued at $48,000. Finally, West Paces Advisors Inc. acquired a new stake in shares of Enterprise Products Partners in the 2nd quarter valued at $55,000. Institutional investors own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a publicly traded midstream energy partnership that provides transportation, storage, processing and export services for crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The company operates an integrated network of pipelines, processing plants, fractionation facilities, storage assets and marine terminals.

Enterprise’s NGL operations include natural gas processing, NGL fractionation and the production and distribution of ethane, propane, butanes and natural gasoline.