Wall Street Zen cut shares of Enterprise Products Partners (NYSE:EPD – Free Report) from a buy rating to a hold rating in a report published on Sunday.
Several other equities research analysts have also recently commented on the stock. TD Cowen raised their target price on shares of Enterprise Products Partners from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $32.00 price target on shares of Enterprise Products Partners in a research report on Friday, December 19th. Barclays raised their price objective on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Morgan Stanley lifted their price objective on Enterprise Products Partners from $34.00 to $38.00 and gave the company an “underweight” rating in a research report on Wednesday, March 18th. Finally, UBS Group reiterated a “buy” rating on shares of Enterprise Products Partners in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.73.
Read Our Latest Stock Analysis on EPD
Enterprise Products Partners Price Performance
Enterprise Products Partners (NYSE:EPD – Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The oil and gas producer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $13.79 billion during the quarter, compared to analyst estimates of $12.44 billion. Enterprise Products Partners had a return on equity of 19.33% and a net margin of 11.05%.The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities research analysts anticipate that Enterprise Products Partners will post 2.9 earnings per share for the current year.
Enterprise Products Partners Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from Enterprise Products Partners’s previous quarterly dividend of $0.55. Enterprise Products Partners’s payout ratio is currently 82.71%.
Insider Transactions at Enterprise Products Partners
In other Enterprise Products Partners news, CEO Aj Teague purchased 2,665 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of $37.55 per share, with a total value of $100,070.75. Following the transaction, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $2,912,978.80. The trade was a 3.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 32.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Enterprise Products Partners
A number of institutional investors and hedge funds have recently made changes to their positions in EPD. Tred Avon Family Wealth LLC purchased a new position in shares of Enterprise Products Partners in the 3rd quarter worth about $1,015,000. Tectonic Advisors LLC boosted its stake in Enterprise Products Partners by 10.0% in the 3rd quarter. Tectonic Advisors LLC now owns 678,769 shares of the oil and gas producer’s stock worth $21,225,000 after purchasing an additional 61,669 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Enterprise Products Partners by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,252,088 shares of the oil and gas producer’s stock valued at $39,153,000 after purchasing an additional 36,339 shares during the last quarter. Advisors Asset Management Inc. grew its position in Enterprise Products Partners by 20.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 229,911 shares of the oil and gas producer’s stock valued at $7,189,000 after purchasing an additional 38,660 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in Enterprise Products Partners by 118.9% during the 2nd quarter. Corient Private Wealth LLC now owns 2,407,544 shares of the oil and gas producer’s stock valued at $74,658,000 after purchasing an additional 1,307,485 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.
Key Enterprise Products Partners News
Here are the key news stories impacting Enterprise Products Partners this week:
- Positive Sentiment: Jefferies raised its price target to $40 (maintained Hold), signaling analyst recognition of upside and underlying fundamentals — supportive for the stock. Article Title
- Positive Sentiment: Royal Bank of Canada bumped its target to $42 and set an Outperform rating, the most bullish recent call and a direct catalyst for potential upside. Article Title
- Positive Sentiment: Analyst commentary and recent upgrades (Wells Fargo Overweight; Truist initiation noting balance-sheet strength and distribution coverage) have reinforced investor confidence in EPD’s role in midstream infrastructure. This supports longer-term demand for the stock. Article Title
- Positive Sentiment: Sector momentum: MLP/pipeline names are rallying broadly (Energy Transfer, others at or near highs), which has lifted sentiment for EPD as a high-yield “toll road” play. This macro/peer strength is a constructive backdrop. Article Title
- Neutral Sentiment: Retail/income-focused coverage continues to profile EPD as a long-term high-yield holding (featured in dividend/pipeline stock roundups), which supports steady demand but is less likely to drive sharp near-term moves. Article Title
- Neutral Sentiment: New coverage initiations included a Hold with a $36 target (multiple outlets), signaling some analysts see limited near-term upside from current levels — a mixed signal that can temper rallies. Article Title
- Negative Sentiment: Zacks noted EPD declined while the broader market improved, highlighting that rotation and short-term selling pressure (despite positive analyst actions) are pressuring the share price today. Article Title
About Enterprise Products Partners
Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.
Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.
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