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

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.56.

EPD has been the topic of several analyst reports. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Morgan Stanley increased their price target on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock 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 price target on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Citigroup lowered their target price on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th.

Enterprise Products Partners Stock Down 1.2%

Shares of EPD traded down $0.37 during mid-day trading on Friday, hitting $30.86. 4,721,900 shares of the company's stock were exchanged, compared to its average volume of 4,400,101. The firm has a fifty day moving average of $31.23 and a two-hundred day moving average of $32.25. Enterprise Products Partners has a twelve month low of $27.37 and a twelve month high of $34.63. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 11.47, a P/E/G 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 (NYSE:EPD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate 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 business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter last year, the company earned $0.66 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 annualized dividend and a yield of 6.93%. Enterprise Products Partners's dividend payout ratio is 80.15%.

Institutional Trading of Enterprise Products Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in Enterprise Products Partners by 14.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,501 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 308 shares during the last quarter. Hardy Reed LLC grew its position in Enterprise Products Partners by 2.2% in the 4th quarter. Hardy Reed LLC now owns 14,710 shares of the oil and gas producer's stock worth $461,000 after purchasing an additional 310 shares during the last quarter. Colonial Trust Co SC grew its position in Enterprise Products Partners by 44.9% in the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares during the last quarter. Tidemark LLC grew its position in Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV grew its position in Enterprise Products Partners by 1.6% in the 4th quarter. Townsend Asset Management Corp NC ADV now owns 20,018 shares of the oil and gas producer's stock worth $628,000 after purchasing an additional 321 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.