Enterprise Products Partners (NYSE:EPD) Rating Lowered to Hold at Wall Street Zen

Enterprise Products Partners (NYSE:EPD) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

EPD has been the subject of a number of other reports. TD Cowen raised their target price on Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating and set a $39.00 price target (up from $36.00) on shares of Enterprise Products Partners in a research report on Wednesday, February 4th. Stifel Nicolaus increased their price target on Enterprise Products Partners from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price objective on Enterprise Products Partners from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

Enterprise Products Partners Stock Down 0.5%

EPD opened at $39.10 on Friday. Enterprise Products Partners has a twelve month low of $27.77 and a twelve month high of $39.74. The company’s 50-day moving average price is $36.08 and its two-hundred day moving average price is $33.26. The stock has a market cap of $84.53 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.57 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.07.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. During the same quarter last year, the business posted $0.74 EPS. Enterprise Products Partners’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aj Teague purchased 2,665 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of $37.55 per share, with a total value of $100,070.75. Following the completion of the acquisition, the chief executive officer owned 77,576 shares in the company, valued at $2,912,978.80. This trade represents a 3.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 32.60% of the company’s stock.

Institutional Trading of Enterprise Products Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. PMV Capital Advisers LLC bought a new stake in Enterprise Products Partners in the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in shares of Enterprise Products Partners during the third quarter valued at about $31,000. Texas Capital Bancshares Inc TX purchased a new position in shares of Enterprise Products Partners in the third quarter worth about $32,000. Abich Financial Wealth Management LLC bought a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at about $32,000. Finally, Financial Consulate Inc. bought a new stake in shares of Enterprise Products Partners in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners News Roundup

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

• Positive Sentiment: MLP sector rally: Master limited partnerships including Enterprise Products are being bid up as investors chase high yields and defensive “toll-road” cash flows; the Invezz piece highlights broad MLP strength and peer gains that are supporting EPD. Here’s why MLP stocks like Energy Transfer, Enterprise Partners are soaring
• Positive Sentiment: Analyst bullishness: Royal Bank of Canada raised its price target on EPD to $42 and moved to an “outperform” rating — a near-term catalyst that lends upside support to the stock. RBC raises PT to $42 / Outperform
• Positive Sentiment: Institutional reappraisals and presentations: Recent investor attention from presentations (World Chemical Forum) and upgrades — including Wells Fargo’s move to Overweight and coverage initiated by Truist that cited strong balance-sheet metrics and distribution coverage — support confidence in EPD’s resilience. How Investors Are Reacting To Enterprise Products Partners (EPD)
• Neutral Sentiment: Positive long-term narratives: Dividend/fundamental write-ups (Motley Fool pieces) continue to present EPD as a reliable, high-yield “toll road” and long-term dividend holding — supportive for buy-and-hold investors but less likely to move intraday price materially. 3 High-Yield Pipeline Stocks to Buy Now and Hold Forever
• Negative Sentiment: Sell-side caution and downgrades: A Seeking Alpha piece argues the “window of opportunity is closing” for EPD, which can pressure sentiment among tactical traders. Enterprise Products Partners: The Window Of Opportunity Is Closing Fast
• Negative Sentiment: Recent hold/price-target cuts: Coverage notes initiating or lowering to Hold with sub-current price targets (e.g., $36 initiation reported across outlets) weigh on near-term upside and introduce conflicting signals versus the RBC raise. EPD initiated with ‘hold’ rating, $36 PT

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.