Enterprise Products Partners L.P. (NYSE:EPD) Receives $32.69 Consensus Target Price from Analysts

Enterprise Products Partners L.P. (NYSE:EPD) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.69.

A number of equities analysts have issued reports on EPD shares. Stifel Nicolaus increased their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Mizuho reaffirmed a “buy” rating and issued a $34.00 price target on shares of Enterprise Products Partners in a research report on Thursday, April 4th. StockNews.com downgraded Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Barclays raised their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Enterprise Products Partners from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th.

Enterprise Products Partners Trading Down 0.8 %

Shares of NYSE EPD opened at $28.21 on Tuesday. The stock’s 50 day moving average price is $28.83 and its two-hundred day moving average price is $27.50. Enterprise Products Partners has a 52-week low of $25.19 and a 52-week high of $29.99. The stock has a market capitalization of $61.26 billion, a P/E ratio of 11.06, a PEG ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.99.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Enterprise Products Partners had a return on equity of 19.73% and a net margin of 10.76%. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $13.82 billion. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, analysts anticipate that Enterprise Products Partners will post 2.71 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend was Monday, April 29th. Enterprise Products Partners’s dividend payout ratio (DPR) is 80.78%.

Institutional Trading of Enterprise Products Partners

A number of large investors have recently made changes to their positions in EPD. Austin Wealth Management LLC increased its holdings in Enterprise Products Partners by 196.5% during the 1st quarter. Austin Wealth Management LLC now owns 22,718 shares of the oil and gas producer’s stock worth $646,000 after purchasing an additional 15,057 shares in the last quarter. First City Capital Management Inc. acquired a new stake in Enterprise Products Partners in the 1st quarter valued at about $245,000. Koesten Hirschmann & Crabtree INC. lifted its position in Enterprise Products Partners by 64.1% during the first quarter. Koesten Hirschmann & Crabtree INC. now owns 2,297 shares of the oil and gas producer’s stock worth $67,000 after acquiring an additional 897 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Enterprise Products Partners by 5.1% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 17,464 shares of the oil and gas producer’s stock worth $510,000 after purchasing an additional 840 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Enterprise Products Partners during the first quarter worth approximately $564,000. Institutional investors own 26.07% of the company’s stock.

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.