Enterprise Products Partners L.P. (NYSE:EPD) Given Consensus Recommendation of "Moderate Buy" by Analysts

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.89.

Several brokerages recently weighed in on EPD. Morgan Stanley boosted their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. Barclays boosted their price target on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Friday, March 14th. StockNews.com cut Enterprise Products Partners from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th.

Institutional Trading of Enterprise Products Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont raised its stake in shares of Enterprise Products Partners by 10.0% in the 4th quarter. Trust Co. of Vermont now owns 3,307 shares of the oil and gas producer's stock valued at $104,000 after acquiring an additional 300 shares during the period. Griffin Asset Management Inc. grew its stake in shares of Enterprise Products Partners by 0.8% in the fourth quarter. Griffin Asset Management Inc. now owns 38,364 shares of the oil and gas producer's stock valued at $1,203,000 after buying an additional 305 shares in the last quarter. Evanson Asset Management LLC raised its holdings in shares of Enterprise Products Partners by 0.4% during the 4th quarter. Evanson Asset Management LLC now owns 73,470 shares of the oil and gas producer's stock valued at $2,304,000 after buying an additional 306 shares during the period. Smartleaf Asset Management LLC lifted its position in Enterprise Products Partners by 14.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after acquiring an additional 308 shares in the last quarter. Finally, Sandbox Financial Partners LLC boosted its holdings in Enterprise Products Partners by 3.2% in the 4th quarter. Sandbox Financial Partners LLC now owns 10,103 shares of the oil and gas producer's stock worth $317,000 after acquiring an additional 309 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD traded up $0.32 during trading on Tuesday, hitting $30.27. 4,401,715 shares of the stock were exchanged, compared to its average volume of 4,381,958. The company has a market cap of $65.54 billion, a PE ratio of 11.25, a P/E/G ratio of 1.37 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average price of $31.94 and a two-hundred day moving average price of $32.00. Enterprise Products Partners has a 12-month low of $27.37 and a 12-month high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $14.14 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Enterprise Products Partners will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 7.07%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

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.