Analysts Set Enterprise Products Partners L.P. (NYSE:EPD) Price Target at $36.67

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve ratings firms that are covering the firm, 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 1-year price objective among brokers that have updated their coverage on the stock in the last year is $36.67.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Citigroup decreased their price objective on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Argus upgraded shares of Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Morgan Stanley boosted their price objective 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. Finally, Wall Street Zen raised shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th.

Enterprise Products Partners Trading Down 1.0%

NYSE:EPD traded down $0.32 during midday trading on Wednesday, reaching $30.80. 4,065,480 shares of the stock traded hands, compared to its average volume of 4,455,666. The stock has a market capitalization of $66.80 billion, a P/E ratio of 11.54, a PEG ratio of 1.28 and a beta of 0.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. The company has a fifty day moving average of $31.20 and a 200 day moving average of $32.11. 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 issued its quarterly earnings data 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). The firm had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The business's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. On average, research analysts predict that Enterprise Products Partners will post 2.9 EPS for the current year.

Enterprise Products Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Hedge Funds Weigh In On Enterprise Products Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at about $27,000. Wealth Preservation Advisors LLC purchased a new position in shares of Enterprise Products Partners during the 1st quarter worth $28,000. Security National Bank bought a new stake in shares of Enterprise Products Partners during the 1st quarter valued at $30,000. Alpine Bank Wealth Management purchased a new stake in shares of Enterprise Products Partners in the 1st quarter worth $31,000. Finally, Tidemark LLC raised its holdings 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 period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.