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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) have been assigned an average rating of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat reports. One investment 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 price objective among brokers that have updated their coverage on the stock in the last year is $39.6667.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Enterprise Products Partners from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Barclays lifted their price target on Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Scotiabank reissued a “sector perform” rating and issued a $40.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research note on Tuesday, May 12th. Morgan Stanley restated an “underweight” rating and set a $43.00 price objective (up from $42.00) on shares of Enterprise Products Partners in a research report on Wednesday. Finally, UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th.

Enterprise Products Partners Stock Performance

Enterprise Products Partners stock opened at $39.55 on Friday. Enterprise Products Partners has a fifty-two week low of $30.01 and a fifty-two week high of $40.17. The firm’s 50 day simple moving average is $38.05 and its 200-day simple moving average is $35.01. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.91 and a quick ratio of 0.61. The company has a market cap of $85.49 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

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 the consensus estimate 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 firm had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. During the same quarter last year, the company posted $0.64 EPS. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Enterprise Products Partners will post 2.95 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given 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 yield of 5.6%. Enterprise Products Partners’s payout ratio is presently 81.48%.

Insiders Place Their Bets

In related news, CEO Aj Teague bought 2,665 shares of the business’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the transaction, the chief executive officer directly owned 77,576 shares in the company, valued at $2,912,978.80. This represents a 3.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 32.60% of the company’s stock.

Hedge Funds Weigh In On Enterprise Products Partners

A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in Enterprise Products Partners by 0.6% during the fourth quarter. Alps Advisors Inc. now owns 42,639,131 shares of the oil and gas producer’s stock valued at $1,367,011,000 after purchasing an additional 260,305 shares during the last quarter. Auto Owners Insurance Co increased its position in Enterprise Products Partners by 3,106.0% in the 4th quarter. Auto Owners Insurance Co now owns 32,060,000 shares of the oil and gas producer’s stock worth $102,784,000 after purchasing an additional 31,060,000 shares during the last quarter. Morgan Stanley raised its stake in shares of Enterprise Products Partners by 4.8% during the 4th quarter. Morgan Stanley now owns 19,116,333 shares of the oil and gas producer’s stock worth $612,870,000 after purchasing an additional 883,983 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Enterprise Products Partners by 12.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,163,343 shares of the oil and gas producer’s stock worth $582,317,000 after purchasing an additional 1,940,583 shares in the last quarter. Finally, Energy Income Partners LLC lifted its holdings in shares of Enterprise Products Partners by 0.6% during the 3rd quarter. Energy Income Partners LLC now owns 14,705,122 shares of the oil and gas producer’s stock valued at $459,829,000 after buying an additional 80,884 shares during the last quarter. 26.07% of the stock is 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.