Shares of Enterprise Products Partners L.P. (NYSE:EPD) have earned an average rating of “Buy” from the nineteen research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $33.13.

A number of research firms have recently commented on EPD. Goldman Sachs Group raised shares of Enterprise Products Partners from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $32.00 in a research note on Tuesday, April 2nd. Evercore ISI assumed coverage on shares of Enterprise Products Partners in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Enterprise Products Partners from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Bank of America set a $32.00 price target on shares of Enterprise Products Partners and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, ValuEngine raised shares of Enterprise Products Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

EPD stock opened at $29.26 on Wednesday. The firm has a market cap of $63.34 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 5.09 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.85. Enterprise Products Partners has a 52-week low of $23.33 and a 52-week high of $30.05.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. Enterprise Products Partners had a return on equity of 18.13% and a net margin of 11.42%. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.46 billion. During the same period last year, the company earned $0.36 EPS. As a group, equities research analysts predict that Enterprise Products Partners will post 1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 30th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Monday, April 29th. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.44. Enterprise Products Partners’s dividend payout ratio is 89.69%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. boosted its position in Enterprise Products Partners by 7.2% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 42,260,456 shares of the oil and gas producer’s stock worth $1,214,143,000 after purchasing an additional 2,841,648 shares during the period. Energy Income Partners LLC increased its holdings in Enterprise Products Partners by 14.2% in the 4th quarter. Energy Income Partners LLC now owns 20,868,803 shares of the oil and gas producer’s stock valued at $513,164,000 after purchasing an additional 2,596,527 shares in the last quarter. Morgan Stanley increased its holdings in Enterprise Products Partners by 8.1% in the 3rd quarter. Morgan Stanley now owns 19,671,087 shares of the oil and gas producer’s stock valued at $565,149,000 after purchasing an additional 1,472,976 shares in the last quarter. BlackRock Inc. increased its holdings in Enterprise Products Partners by 14.3% in the 4th quarter. BlackRock Inc. now owns 15,304,914 shares of the oil and gas producer’s stock valued at $376,347,000 after purchasing an additional 1,912,588 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Enterprise Products Partners by 5.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,165,898 shares of the oil and gas producer’s stock valued at $372,930,000 after purchasing an additional 728,719 shares during the period. Hedge funds and other institutional investors own 36.77% of the company’s stock.

About Enterprise Products Partners

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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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