Enterprise Products Partners L.P. (NYSE:EPD) Given Average Rating 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 analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.56.

A number of research firms have weighed in on EPD. JPMorgan Chase & Co. upped their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Morgan Stanley upped their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays reduced their price target on Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 20th.

Institutional Investors Weigh In On Enterprise Products Partners

Several hedge funds have recently added to or reduced their stakes in EPD. Brooklyn Investment Group acquired a new stake in Enterprise Products Partners during the 1st quarter worth about $27,000. Tidemark LLC boosted its stake in shares of Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Enterprise Products Partners during the 1st quarter worth about $28,000. Lee Danner & Bass Inc. purchased a new position in Enterprise Products Partners in the 4th quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in Enterprise Products Partners in the 4th quarter worth approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Enterprise Products Partners Stock Up 1.4%

Enterprise Products Partners stock traded up $0.44 during mid-day trading on Friday, reaching $31.49. 2,765,606 shares of the company were exchanged, compared to its average volume of 4,396,526. The business has a fifty day moving average of $31.12 and a 200 day moving average of $32.26. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The firm has a market cap of $68.29 billion, a P/E ratio of 11.70, a PEG ratio of 1.37 and a beta of 0.65. 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The company had revenue of $15.42 billion for 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 firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Research analysts anticipate that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's payout ratio is 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.