Enterprise Products Partners L.P. (NYSE:EPD) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other brokerages also recently commented on EPD. Guggenheim began coverage on Enterprise Products Partners L.P. in a research report on Monday, April 17th. They set a “buy” rating and a $32.00 price target for the company. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $31.42 price target for the company in a research report on Monday, April 24th. Macquarie reaffirmed an “outperform” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, April 21st. Scotiabank reaffirmed a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Sunday, March 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research report on Tuesday, April 4th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.00.

Enterprise Products Partners L.P. (EPD) traded down 0.37% on Thursday, hitting $26.90. The company had a trading volume of 4,224,849 shares. The stock has a market capitalization of $57.47 billion, a PE ratio of 21.78 and a beta of 0.89. The stock has a 50 day moving average of $26.79 and a 200-day moving average of $27.40. Enterprise Products Partners L.P. has a one year low of $24.01 and a one year high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $6.05 billion. Enterprise Products Partners L.P. had a return on equity of 11.73% and a net margin of 10.31%. Enterprise Products Partners L.P.’s revenue was up 46.3% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. Equities analysts anticipate that Enterprise Products Partners L.P. will post $1.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be given a $0.42 dividend. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.68 annualized dividend and a dividend yield of 6.25%. Enterprise Products Partners L.P.’s payout ratio is 133.87%.

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Several institutional investors have recently made changes to their positions in EPD. Evanson Asset Management LLC boosted its position in shares of Enterprise Products Partners L.P. by 1.0% in the first quarter. Evanson Asset Management LLC now owns 110,131 shares of the oil and gas producer’s stock valued at $3,041,000 after buying an additional 1,110 shares during the period. North American Management Corp raised its stake in Enterprise Products Partners L.P. by 6.1% in the first quarter. North American Management Corp now owns 175,930 shares of the oil and gas producer’s stock valued at $4,857,000 after buying an additional 10,121 shares in the last quarter. Whalerock Point Partners LLC raised its stake in Enterprise Products Partners L.P. by 8.9% in the fourth quarter. Whalerock Point Partners LLC now owns 77,130 shares of the oil and gas producer’s stock valued at $2,086,000 after buying an additional 6,280 shares in the last quarter. Comerica Bank raised its stake in Enterprise Products Partners L.P. by 9.5% in the fourth quarter. Comerica Bank now owns 53,883 shares of the oil and gas producer’s stock valued at $1,476,000 after buying an additional 4,670 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in Enterprise Products Partners L.P. during the fourth quarter valued at about $2,076,000. Institutional investors own 38.57% of the company’s stock.

Enterprise Products Partners L.P. Company Profile

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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