Enterprise Products Partners L.P. (NYSE:EPD) Given Average Rating of “Hold” by Brokerages

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.6667.

A number of research analysts recently commented on the company. Citigroup reissued a “buy” rating and issued a $44.00 price target (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. Royal Bank Of Canada increased their price target on Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, March 30th. JPMorgan Chase & Co. increased their price target on Enterprise Products Partners from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Morgan Stanley reissued an “underweight” rating and issued a $43.00 price target (up from $42.00) on shares of Enterprise Products Partners in a report on Wednesday, May 20th. Finally, Scotiabank reissued a “sector perform” rating and issued a $40.00 price target (up from $39.00) on shares of Enterprise Products Partners in a report on Tuesday, May 12th.

Enterprise Products Partners Trading Down 0.6%

Shares of EPD opened at $37.29 on Wednesday. The company has a market capitalization of $80.61 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.34 and a beta of 0.49. Enterprise Products Partners has a one year low of $30.01 and a one year high of $40.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.91. The stock has a 50-day moving average price of $38.04 and a 200 day moving average price of $35.58.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The business had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 EPS. Sell-side analysts forecast that Enterprise Products Partners will post 2.98 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.20 annualized dividend and a yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is presently 81.48%.

Insider Transactions at Enterprise Products Partners

In other news, CEO Aj Teague acquired 2,665 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the completion of the purchase, the chief executive officer directly owned 77,576 shares of the company’s stock, valued at $2,912,978.80. This represents a 3.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.60% of the stock is owned by insiders.

Institutional Trading of Enterprise Products Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Miller Howard Investments Inc. NY raised its position in shares of Enterprise Products Partners by 1.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 3,112,119 shares of the oil and gas producer’s stock worth $99,775,000 after purchasing an additional 31,733 shares during the period. Royal Palms Capital LLC acquired a new stake in shares of Enterprise Products Partners during the 4th quarter worth approximately $1,830,000. PNC Financial Services Group Inc. raised its position in shares of Enterprise Products Partners by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock worth $39,153,000 after purchasing an additional 36,339 shares during the period. Advisors Asset Management Inc. raised its position in shares of Enterprise Products Partners by 20.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock worth $7,189,000 after purchasing an additional 38,660 shares during the period. Finally, Oxbow Advisors LLC raised its position in shares of Enterprise Products Partners by 3.0% during the 4th quarter. Oxbow Advisors LLC now owns 1,329,085 shares of the oil and gas producer’s stock worth $42,610,000 after purchasing an additional 39,052 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.