Enterprise Products Partners L.P. (NYSE:EPD) Receives Average Recommendation of “Hold” from Analysts

Enterprise Products Partners L.P. (NYSE:EPD) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.60.

A number of analysts have recently commented on the company. Wall Street Zen cut Enterprise Products Partners from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada boosted their price target on Enterprise Products Partners from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Truist Financial boosted their price target on Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $39.00 price target on shares of Enterprise Products Partners in a research report on Thursday. Finally, Morgan Stanley reiterated an “underweight” rating and set a $42.00 price target on shares of Enterprise Products Partners in a research report on Tuesday, April 14th.

Insider Activity at Enterprise Products Partners

In related news, CEO Aj Teague bought 2,665 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of $37.55 per share, for a total transaction of $100,070.75. Following the acquisition, 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 filing with the SEC, which is available at the SEC website. Insiders own 32.60% of the company’s stock.

Institutional Trading of Enterprise Products Partners

Several large investors have recently added to or reduced their stakes in the stock. Gateway Wealth Partners LLC purchased a new stake in Enterprise Products Partners in the 1st quarter valued at $409,000. Royal Capital Wealth Management LLC lifted its stake in shares of Enterprise Products Partners by 29.0% in the 1st quarter. Royal Capital Wealth Management LLC now owns 10,506 shares of the oil and gas producer’s stock valued at $398,000 after purchasing an additional 2,362 shares during the last quarter. Cypress Capital Group acquired a new position in shares of Enterprise Products Partners in the 1st quarter valued at $556,000. Everest Financial Group LLC lifted its stake in shares of Enterprise Products Partners by 3.6% in the 1st quarter. Everest Financial Group LLC now owns 7,886 shares of the oil and gas producer’s stock valued at $298,000 after purchasing an additional 271 shares during the last quarter. Finally, FreeGulliver LLC acquired a new position in shares of Enterprise Products Partners in the 1st quarter valued at $248,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Up 0.0%

Shares of EPD stock opened at $39.24 on Friday. The stock has a 50 day moving average of $37.82 and a 200 day moving average of $34.72. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 1.03. The stock has a market cap of $84.82 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.47 and a beta of 0.52. Enterprise Products Partners has a twelve month low of $30.01 and a twelve month high of $39.74.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.03). The company had revenue of $14.39 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.53%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. As a group, sell-side analysts expect that Enterprise Products Partners will post 2.92 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. Investors of record on Thursday, April 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, April 30th. Enterprise Products Partners’s payout ratio is presently 81.48%.

About Enterprise Products Partners

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.