Enterprise Products Partners L.P. (NYSE:EPD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Enterprise Products Partners L.P. (NYSE:EPD) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $36.89.

Several research firms recently weighed in on EPD. Morgan Stanley lifted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th. Scotiabank increased their price objective on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, March 6th. Wolfe Research downgraded Enterprise Products Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, January 10th. Barclays raised their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP acquired a new stake in Enterprise Products Partners in the 3rd quarter valued at about $263,000. Orion Portfolio Solutions LLC raised its holdings in Enterprise Products Partners by 18.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,808 shares of the oil and gas producer’s stock valued at $402,000 after acquiring an additional 2,178 shares during the last quarter. MML Investors Services LLC lifted its position in Enterprise Products Partners by 13.1% during the third quarter. MML Investors Services LLC now owns 127,600 shares of the oil and gas producer’s stock worth $3,714,000 after buying an additional 14,806 shares during the period. Barclays PLC boosted its position in shares of Enterprise Products Partners by 110.0% in the third quarter. Barclays PLC now owns 2,531,756 shares of the oil and gas producer’s stock worth $73,699,000 after acquiring an additional 1,326,010 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Enterprise Products Partners by 3.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 100,614 shares of the oil and gas producer’s stock valued at $2,929,000 after buying an additional 3,546 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Trading Up 2.1 %

Shares of Enterprise Products Partners stock opened at $30.95 on Friday. Enterprise Products Partners has a 1-year low of $27.37 and a 1-year high of $34.63. The stock has a market cap of $67.03 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.37 and a beta of 0.78. The stock’s 50 day simple moving average is $32.75 and its 200-day simple moving average is $31.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Analysts predict that Enterprise Products Partners will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.91%. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 79.55%.

Enterprise Products Partners Company Profile

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.