Enterprise Products Partners L.P. (NYSE:EPD) Stock Rated “Hold” by Sell-Side Analysts

Enterprise Products Partners L.P. (NYSE:EPD) has been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $40.12.

A number of research analysts recently issued reports on EPD shares. Melius Research assumed coverage on Enterprise Products Partners in a research note on Tuesday, September 22nd. They set a “hold” rating and a $42.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price target on shares of Enterprise Products Partners in a research report on Tuesday, September 22nd. TD Cowen reiterated a “hold” rating and issued a $38.00 price objective (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Capital One Financial started coverage on Enterprise Products Partners in a report on Tuesday, September 22nd. They issued an “equal weight” rating and a $42.00 price objective for the company. Finally, Stifel Nicolaus started coverage on shares of Enterprise Products Partners in a research report on Thursday, September 10th. They set a “hold” rating and a $40.00 target price on the stock.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $36.80 on Tuesday. The company’s fifty day moving average price is $37.85 and its 200 day moving average price is $37.81. Enterprise Products Partners has a 12 month low of $30.02 and a 12 month high of $40.17. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.93 and a quick ratio of 0.66. The firm has a market capitalization of $79.46 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.34 and a beta of 0.50.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. Enterprise Products Partners’s quarterly revenue was up 60.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, sell-side analysts predict that Enterprise Products Partners will post 3.02 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $0.56 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.24 annualized dividend and a yield of 6.1%. Enterprise Products Partners’s dividend payout ratio is 77.78%.

Institutional Trading of Enterprise Products Partners

A number of large investors have recently bought and sold shares of EPD. Mizuho Markets Americas LLC bought a new stake in shares of Enterprise Products Partners in the second quarter worth $12,866,000. Evolve Private Wealth LLC boosted its stake in Enterprise Products Partners by 662.0% during the 1st quarter. Evolve Private Wealth LLC now owns 154,492 shares of the oil and gas producer’s stock valued at $5,846,000 after acquiring an additional 134,218 shares during the last quarter. Bank of America Corp DE bought a new position in Enterprise Products Partners during the 2nd quarter valued at $416,553,000. Tidal Investments LLC boosted its stake in Enterprise Products Partners by 95.7% during the 2nd quarter. Tidal Investments LLC now owns 118,324 shares of the oil and gas producer’s stock valued at $4,350,000 after acquiring an additional 57,860 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in Enterprise Products Partners during the 2nd quarter worth $1,174,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.