Enterprise Products Partners L.P. (NYSE:EPD) Receives $39.60 Average PT from Analysts

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have earned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.6667.

Several research analysts have commented on EPD shares. Citigroup reiterated a “buy” rating and issued a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a report on Friday, May 1st. Wells Fargo & Company upgraded shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $42.00 in a research note on Wednesday, March 25th. TD Cowen reissued a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Enterprise Products Partners in a research note on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $39.00 price objective on shares of Enterprise Products Partners in a report on Thursday, May 14th.

Enterprise Products Partners Stock Down 1.0%

Shares of Enterprise Products Partners stock opened at $39.41 on Friday. Enterprise Products Partners has a 1-year low of $30.01 and a 1-year high of $40.17. The company has a market capitalization of $85.19 billion, a P/E ratio of 14.60, a PEG ratio of 1.48 and a beta of 0.52. The business’s fifty day moving average price is $37.95 and its two-hundred day moving average price is $34.91. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings data on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The company had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $13.62 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Enterprise Products Partners’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, research analysts forecast that Enterprise Products Partners will post 2.95 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.6%. Enterprise Products Partners’s dividend payout ratio (DPR) is 81.48%.

Insider Activity

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

Institutional Trading of Enterprise Products Partners

A number of institutional investors have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC raised its position in shares of Enterprise Products Partners by 1.4% in the first quarter. Hobbs Group Advisors LLC now owns 20,895 shares of the oil and gas producer’s stock valued at $791,000 after purchasing an additional 298 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Enterprise Products Partners by 15.3% during the 1st quarter. Western Wealth Management LLC now owns 9,723 shares of the oil and gas producer’s stock worth $368,000 after buying an additional 1,288 shares during the period. McIlrath & Eck LLC grew its stake in Enterprise Products Partners by 7.9% in the 1st quarter. McIlrath & Eck LLC now owns 23,073 shares of the oil and gas producer’s stock valued at $873,000 after buying an additional 1,689 shares during the last quarter. Orographic Financial Advisors LLC bought a new position in Enterprise Products Partners in the 1st quarter worth $323,000. Finally, Arkadios Wealth Advisors increased its stake in shares of Enterprise Products Partners by 5.9% in the first quarter. Arkadios Wealth Advisors now owns 87,821 shares of the oil and gas producer’s stock worth $3,323,000 after purchasing an additional 4,878 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.