Enterprise Products Partners L.P. (EPD) – What Are Analysts Thinking About This Stock?

Enterprise Products Partners L.P. (NYSE:EPD) has received an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $40.18.

Several equities analysts have commented on EPD shares. Truist Financial upped their price objective on Enterprise Products Partners from $40.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, October 30th. Capital One Financial assumed coverage on Enterprise Products Partners in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $42.00 target price for the company. Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of Enterprise Products Partners in a research note on Tuesday, August 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price target on shares of Enterprise Products Partners in a report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Enterprise Products Partners from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th.

Enterprise Products Partners Trading Up 0.4%

EPD opened at $37.26 on Friday. The stock has a market cap of $80.36 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.42 and a beta of 0.48. The stock’s 50 day moving average price is $37.39 and its 200-day moving average price is $37.43. Enterprise Products Partners has a one year low of $31.35 and a one year high of $40.17. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Wednesday, October 28th. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. Enterprise Products Partners had a return on equity of 21.41% and a net margin of 10.24%. The firm had revenue of $17.95 billion during the quarter, compared to analyst estimates of $14.98 billion. During the same period last year, the company earned $0.61 EPS. Enterprise Products Partners’s quarterly revenue was up 49.3% compared to the same quarter last year. On average, equities analysts forecast that Enterprise Products Partners will post 3.05 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. Shareholders of record on Friday, October 30th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, October 30th. Enterprise Products Partners’s payout ratio is 74.17%.

Hedge Funds Weigh In On Enterprise Products Partners

Hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in Enterprise Products Partners by 6.8% during the 3rd quarter. Alps Advisors Inc. now owns 46,611,995 shares of the oil and gas producer’s stock worth $1,659,853,000 after buying an additional 2,956,939 shares during the period. Energy Income Partners LLC purchased a new stake in shares of Enterprise Products Partners in the second quarter valued at about $508,461,000. Bank of America Corp DE purchased a new stake in shares of Enterprise Products Partners in the second quarter valued at about $416,553,000. BlackRock Inc. acquired a new position in shares of Enterprise Products Partners during the second quarter worth about $255,325,000. Finally, Berkley W R Corp acquired a new position in shares of Enterprise Products Partners during the second quarter worth about $250,887,000. 26.07% of the stock is currently owned by institutional investors.

About Enterprise Products Partners

Enterprise Products Partners (NYSE: EPD) is a North American midstream energy company that gathers, processes, transports, stores and exports energy-related commodities. Its operations support the movement of products from producing regions to refineries, petrochemical plants and other customers. The company’s assets include pipelines, natural gas processing plants, storage facilities, and terminals. It handles natural gas, natural gas liquids (NGLs), crude oil, refined products and petrochemicals, and provides services such as NGL fractionation and transportation.