Analysts Set Enterprise Products Partners L.P. (NYSE:EPD) Target Price at $32.58

Shares of Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.58.

A number of brokerages have recently issued reports on EPD. Truist Financial boosted their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. StockNews.com upgraded shares of Enterprise Products Partners from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 9th. Barclays boosted their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Tuesday, March 26th. Wells Fargo & Company raised their price objective on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $35.00 price objective on shares of Enterprise Products Partners in a report on Friday, April 5th.

Hedge Funds Weigh In On Enterprise Products Partners

A number of large investors have recently modified their holdings of the company. Accordant Advisory Group Inc bought a new stake in Enterprise Products Partners during the first quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new stake in Enterprise Products Partners during the fourth quarter valued at approximately $28,000. Stephens Consulting LLC bought a new stake in Enterprise Products Partners during the first quarter valued at approximately $29,000. Rational Advisors LLC bought a new stake in Enterprise Products Partners during the third quarter valued at approximately $43,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners during the third quarter valued at approximately $48,000. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Trading Up 0.4 %

EPD traded up $0.13 during trading on Friday, reaching $29.06. 7,604,876 shares of the company's stock were exchanged, compared to its average volume of 4,971,343. Enterprise Products Partners has a one year low of $25.19 and a one year high of $29.99. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $63.01 billion, a PE ratio of 11.53 and a beta of 1.02. The firm has a fifty day moving average price of $28.55 and a two-hundred day moving average price of $27.32.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. As a group, equities research analysts forecast that Enterprise Products Partners will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 30th will be given a $0.515 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.09%. Enterprise Products Partners's dividend payout ratio (DPR) is currently 81.75%.

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.