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

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.89.

Several analysts have weighed in on EPD shares. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research note on Monday. Scotiabank increased their price target on shares of Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Barclays lifted their price objective on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Finally, Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th.

Enterprise Products Partners Stock Up 1.0 %

Shares of EPD traded up $0.31 during mid-day trading on Tuesday, hitting $30.95. 963,379 shares of the company traded hands, compared to its average volume of 5,234,377. The business has a 50 day moving average of $31.81 and a 200 day moving average of $32.00. The company has a market capitalization of $67.03 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.67. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners has a 1-year low of $27.37 and a 1-year high of $34.63.

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

Enterprise Products Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verity & Verity LLC lifted its holdings in Enterprise Products Partners by 30.8% during the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after purchasing an additional 26,032 shares in the last quarter. Spinnaker Trust purchased a new position in Enterprise Products Partners in the 4th quarter valued at about $280,000. FourThought Financial Partners LLC boosted its holdings in Enterprise Products Partners by 18.5% in the 4th quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after buying an additional 21,970 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Enterprise Products Partners by 7.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 310,132 shares of the oil and gas producer's stock worth $9,726,000 after buying an additional 21,192 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Enterprise Products Partners by 16.2% in the third quarter. Franklin Resources Inc. now owns 156,933 shares of the oil and gas producer's stock valued at $4,628,000 after acquiring an additional 21,834 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

About Enterprise Products Partners

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.