Enterprise Products Partners L.P. (NYSE:EPD) Receives Consensus Recommendation of "Buy" from Analysts

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) has earned an average recommendation of "Buy" from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.00.

Several equities analysts recently issued reports on the company. Bank of America initiated coverage on Enterprise Products Partners in a research report on Thursday, October 17th. They issued a "buy" rating and a $35.00 price target on the stock. US Capital Advisors raised shares of Enterprise Products Partners from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. StockNews.com lowered shares of Enterprise Products Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 12th. Finally, Truist Financial raised their target price on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st.

Institutional Investors Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Curi RMB Capital LLC lifted its stake in Enterprise Products Partners by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 73,828 shares of the oil and gas producer's stock worth $2,149,000 after acquiring an additional 339 shares in the last quarter. Tranquility Partners LLC increased its holdings in Enterprise Products Partners by 1.5% during the 3rd quarter. Tranquility Partners LLC now owns 23,204 shares of the oil and gas producer's stock worth $675,000 after purchasing an additional 346 shares during the period. Princeton Global Asset Management LLC increased its holdings in Enterprise Products Partners by 4.9% during the 3rd quarter. Princeton Global Asset Management LLC now owns 7,510 shares of the oil and gas producer's stock worth $219,000 after purchasing an additional 350 shares during the period. Strategic Wealth Partners Ltd. increased its holdings in Enterprise Products Partners by 3.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 9,731 shares of the oil and gas producer's stock worth $283,000 after purchasing an additional 353 shares during the period. Finally, Cadence Bank increased its holdings in Enterprise Products Partners by 0.7% during the 1st quarter. Cadence Bank now owns 52,428 shares of the oil and gas producer's stock worth $1,530,000 after purchasing an additional 365 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

NYSE:EPD traded down $0.14 during trading hours on Tuesday, hitting $30.43. 2,547,266 shares of the stock were exchanged, compared to its average volume of 4,296,420. Enterprise Products Partners has a 52-week low of $25.90 and a 52-week high of $30.68. The firm's fifty day moving average price is $29.31 and its 200 day moving average price is $29.00. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The company has a market cap of $66.04 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.57 and a beta of 1.04.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $13.78 billion for the quarter, compared to analysts' expectations of $13.87 billion. Enterprise Products Partners had a return on equity of 20.39% and a net margin of 10.32%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. As a group, equities research analysts anticipate that Enterprise Products Partners will post 2.69 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Thursday, October 31st. Enterprise Products Partners's dividend payout ratio (DPR) is 78.65%.

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.