Enterprise Products Partners L.P. (NYSE:EPD) Stock Has Average Target Price of $40.12

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have received an average recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.12.

EPD has been the topic of several recent analyst reports. TD Cowen reaffirmed a “hold” rating and issued a $38.00 price target (down from $39.00) on shares of Enterprise Products Partners in a report on Monday, August 3rd. Melius Research assumed coverage on Enterprise Products Partners in a research note on Tuesday, September 22nd. They set a “hold” rating and a $42.00 target price on the stock. Capital One Financial began coverage on Enterprise Products Partners in a report on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 target price on the stock. Weiss Ratings raised shares of Enterprise Products Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Finally, Wall Street Zen upgraded Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Institutional Investors Weigh In On Enterprise Products Partners

Several large investors have recently made changes to their positions in EPD. RFG Advisory LLC lifted its holdings in shares of Enterprise Products Partners by 1.3% during the second quarter. RFG Advisory LLC now owns 21,636 shares of the oil and gas producer’s stock worth $795,000 after buying an additional 268 shares during the last quarter. Sigma Planning Corp lifted its holdings in Enterprise Products Partners by 0.8% during the 2nd quarter. Sigma Planning Corp now owns 35,270 shares of the oil and gas producer’s stock valued at $1,297,000 after purchasing an additional 270 shares during the last quarter. Everest Financial Group LLC raised its stake in shares of Enterprise Products Partners by 3.6% in the first quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 271 shares during the last quarter. Renasant Bank raised its position in Enterprise Products Partners by 1.3% in the 2nd quarter. Renasant Bank now owns 21,160 shares of the oil and gas producer’s stock valued at $778,000 after purchasing an additional 271 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Enterprise Products Partners by 0.4% in the third quarter. Farther Finance Advisors LLC now owns 75,188 shares of the oil and gas producer’s stock valued at $2,677,000 after buying an additional 272 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $36.84 on Tuesday. Enterprise Products Partners has a fifty-two week low of $30.01 and a fifty-two week high of $40.17. The company has a market cap of $79.54 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.34 and a beta of 0.50. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $37.87 and its two-hundred day moving average is $37.83.

Enterprise Products Partners (NYSE:EPD) last released 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 net margin of 10.79% and a return on equity of 20.67%. The company had revenue of $18.27 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. Enterprise Products Partners’s revenue for the quarter was up 60.8% on a year-over-year basis. Analysts expect that Enterprise Products Partners will post 3.02 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.24 dividend on an annualized basis and a yield of 6.1%. Enterprise Products Partners’s payout ratio is presently 77.78%.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.