SunTrust Banks, Inc. reaffirmed their buy rating on shares of Enterprise Products Partners L.P. (NYSE:EPD) in a report published on Friday. The firm currently has a $29.00 price objective on the oil and gas producer’s stock.

A number of other research firms have also commented on EPD. Stifel Nicolaus restated a buy rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, July 14th. Scotiabank set a $33.00 price target on Enterprise Products Partners L.P. and gave the stock a buy rating in a research report on Friday, July 21st. BMO Capital Markets restated a buy rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Wednesday, July 12th. BidaskClub upgraded Enterprise Products Partners L.P. from a sell rating to a hold rating in a research report on Thursday, July 6th. Finally, Barclays PLC restated an overweight rating and set a $31.00 price target (down from $33.00) on shares of Enterprise Products Partners L.P. in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $30.86.

Shares of Enterprise Products Partners L.P. (EPD) opened at $25.00 on Friday. The company has a market capitalization of $53,724.65, a P/E ratio of 19.69, a P/E/G ratio of 3.76 and a beta of 0.89. Enterprise Products Partners L.P. has a 12-month low of $23.84 and a 12-month high of $30.25. The company has a current ratio of 0.61, a quick ratio of 0.41 and a debt-to-equity ratio of 0.88.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.01% and a net margin of 9.83%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. analysts anticipate that Enterprise Products Partners L.P. will post 1.32 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 31st will be paid a $0.4225 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.76%. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. Enterprise Products Partners L.P.’s dividend payout ratio is 135.20%.

Several hedge funds have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Enterprise Products Partners L.P. by 3.9% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 41,667,941 shares of the oil and gas producer’s stock valued at $1,128,368,000 after purchasing an additional 1,573,553 shares during the period. Alps Advisors Inc. lifted its stake in shares of Enterprise Products Partners L.P. by 0.5% in the 3rd quarter. Alps Advisors Inc. now owns 38,933,881 shares of the oil and gas producer’s stock valued at $1,015,006,000 after purchasing an additional 178,605 shares during the period. Fayez Sarofim & Co. lifted its stake in shares of Enterprise Products Partners L.P. by 1.4% in the 2nd quarter. Fayez Sarofim & Co. now owns 19,351,983 shares of the oil and gas producer’s stock valued at $524,052,000 after purchasing an additional 268,191 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Enterprise Products Partners L.P. by 7.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 19,163,137 shares of the oil and gas producer’s stock valued at $518,938,000 after purchasing an additional 1,357,877 shares during the period. Finally, Fayez Sarofim & Co lifted its stake in shares of Enterprise Products Partners L.P. by 0.6% in the 1st quarter. Fayez Sarofim & Co now owns 19,083,792 shares of the oil and gas producer’s stock valued at $526,904,000 after purchasing an additional 109,422 shares during the period. 37.48% of the stock is currently owned by institutional investors.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Analyst Recommendations for Enterprise Products Partners L.P. (NYSE:EPD)

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