Enterprise Products Partners L.P. (NYSE:EPD – Get Free Report)’s share price traded up 1.2% on Thursday after Morgan Stanley raised their price target on the stock from $34.00 to $38.00. Morgan Stanley currently has an underweight rating on the stock. Enterprise Products Partners traded as high as $37.65 and last traded at $37.4750. 2,927,672 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 4,670,710 shares. The stock had previously closed at $37.04.
A number of other equities research analysts have also recently commented on the company. TD Cowen raised their target price on Enterprise Products Partners from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and issued a $34.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Enterprise Products Partners from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Citigroup reaffirmed a “buy” rating and set a $39.00 target price (up from $36.00) on shares of Enterprise Products Partners in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Enterprise Products Partners has an average rating of “Hold” and an average target price of $37.14.
View Our Latest Stock Report on Enterprise Products Partners
Insider Transactions at Enterprise Products Partners
Key Headlines Impacting Enterprise Products Partners
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Scotiabank raised its price target on EPD to $39 from $37 and reiterated a Sector Perform rating, signaling modest upside and renewed analyst attention to the midstream outlook. This is a direct bullish catalyst for sentiment. Article Title
- Positive Sentiment: Two Motley Fool pieces list EPD as a long-term hold and an income-generating energy stock — reinforcing buy-and-hold narratives for income investors given EPD’s high distribution and fee-based cash flows. These stories can support demand from dividend-focused investors. Article Title
- Positive Sentiment: AmericanBankingNews reports a Scotiabank analyst view expecting EPD’s stock to rise, echoing the price-target lift and adding another independent note of analyst optimism. Article Title
- Neutral Sentiment: Geopolitical risk commentary (Iran war scenario) argues for higher oil prices (~$100) that would help pipeline throughput and cash flow, but the piece also highlights risks (leverage, interest costs, basin concentration). Net effect: supportive long-term tailwind but with partnership-specific execution risks. Article Title
- Neutral Sentiment: Sector/peer noise: coverage of Energy Transfer underperforming points to mixed operational and commodity-price dynamics across midstream names. Weakness in peers can pressure sentiment on EPD even if its fundamentals remain steadier. Article Title
- Negative Sentiment: Market action: a recent report notes EPD closed down about 1.3% on the session, reflecting short-term selling pressure that could be driven by profit-taking, sector volatility or broader market moves. Article Title
- Negative Sentiment: Morgan Stanley raised its price target to $38 but maintained an “underweight” rating — a mixed signal that limits upside conviction from a large sell-side shop and could keep some institutional sellers on the sidelines. Article Title
Institutional Trading of Enterprise Products Partners
Several large investors have recently made changes to their positions in the company. Tred Avon Family Wealth LLC acquired a new stake in shares of Enterprise Products Partners in the third quarter valued at approximately $1,015,000. Tectonic Advisors LLC boosted its stake in Enterprise Products Partners by 10.0% during the third quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock worth $21,225,000 after buying an additional 61,669 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Enterprise Products Partners by 3.0% during the third 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 buying an additional 36,339 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Enterprise Products Partners by 20.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock valued at $7,189,000 after buying an additional 38,660 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Enterprise Products Partners by 118.9% in the 2nd quarter. Corient Private Wealth LLC now owns 2,407,544 shares of the oil and gas producer’s stock valued at $74,658,000 after buying an additional 1,307,485 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
Enterprise Products Partners Stock Up 1.2%
The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. The business has a 50 day simple moving average of $35.11 and a 200-day simple moving average of $32.87. The firm has a market capitalization of $81.01 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.50 and a beta of 0.59.
Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. Enterprise Products Partners had a net margin of 11.05% and a return on equity of 19.33%. The firm had revenue of $13.79 billion for the quarter, compared to analysts’ expectations of $12.44 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.
Enterprise Products Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 5.9%. The ex-dividend date was Friday, January 30th. This is a positive change from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s dividend payout ratio (DPR) is presently 82.71%.
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.
See Also
Receive News & Ratings for Enterprise Products Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners and related companies with MarketBeat.com's FREE daily email newsletter.
