Enterprise Products Partners L.P. (NYSE:EPD) Receives $35.62 Average Target Price from Analysts

Shares of Enterprise Products Partners L.P. (NYSE:EPDGet Free Report) have earned a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.00.

Several analysts have recently issued reports on EPD shares. TD Cowen upped their price target on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $34.00 target price on shares of Enterprise Products Partners in a research report on Wednesday. UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a report on Tuesday, December 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Enterprise Products Partners in a research report on Wednesday. Finally, Morgan Stanley downgraded shares of Enterprise Products Partners from an “equal weight” rating to an “underweight” rating and set a $34.00 price objective for the company. in a report on Thursday, December 18th.

Get Our Latest Stock Report on Enterprise Products Partners

Insider Buying and Selling at Enterprise Products Partners

In other Enterprise Products Partners news, Director John R. Rutherford bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $32.09 per share, for a total transaction of $481,350.00. Following the purchase, the director directly owned 173,586 shares in the company, valued at $5,570,374.74. This trade represents a 9.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PMV Capital Advisers LLC acquired a new position in Enterprise Products Partners during the 4th quarter valued at $25,000. Winnow Wealth LLC bought a new position in shares of Enterprise Products Partners during the 2nd quarter worth about $28,000. Traub Capital Management LLC bought a new position in shares of Enterprise Products Partners during the 2nd quarter worth about $31,000. Palisade Asset Management LLC acquired a new position in shares of Enterprise Products Partners during the third quarter valued at about $31,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Enterprise Products Partners in the third quarter valued at about $32,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Key Enterprise Products Partners News

Here are the key news stories impacting Enterprise Products Partners this week:

Enterprise Products Partners Stock Down 0.4%

Enterprise Products Partners stock opened at $34.93 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.60 and a debt-to-equity ratio of 1.04. Enterprise Products Partners has a 1-year low of $27.77 and a 1-year high of $35.55. The firm’s fifty day simple moving average is $32.61 and its 200-day simple moving average is $31.87. The company has a market capitalization of $75.56 billion, a P/E ratio of 13.13, a P/E/G ratio of 2.46 and a beta of 0.60.

Enterprise Products Partners (NYSE:EPDGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.43%. The firm had revenue of $13.79 billion during the quarter, compared to analysts’ expectations of $12.44 billion. During the same period in the prior year, the company posted $0.74 earnings per share. Enterprise Products Partners’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts forecast that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a $0.55 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, January 30th. Enterprise Products Partners’s dividend payout ratio (DPR) is 82.71%.

Enterprise Products Partners announced that its Board of Directors has initiated a stock buyback plan on Thursday, October 30th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas producer to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

About Enterprise Products Partners

(Get Free Report)

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.

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Analyst Recommendations for Enterprise Products Partners (NYSE:EPD)

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