Enterprise Products Partners L.P. (NYSE:EPD) had its target price decreased by research analysts at Deutsche Bank AG from $34.00 to $32.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price target indicates a potential upside of 19.05% from the company’s current price.

EPD has been the topic of several other reports. Wunderlich lowered their price objective on Enterprise Products Partners L.P. from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Vetr raised Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $29.70 price objective on the stock in a research report on Tuesday, September 13th. Evercore ISI began coverage on Enterprise Products Partners L.P. in a research report on Thursday, September 15th. They issued a “buy” rating and a $30.00 price objective on the stock. Credit Suisse Group AG set a $34.00 price objective on Enterprise Products Partners L.P. and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Morgan Stanley cut Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $33.00 to $30.00 in a research report on Thursday, August 18th. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.97.

Analyst Recommendations for Enterprise Products Partners L.P. (NYSE:EPD)

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.12% during trading on Monday, hitting $27.45. The stock had a trading volume of 1,780,865 shares. The stock’s 50-day moving average price is $26.83 and its 200 day moving average price is $27.09. Enterprise Products Partners L.P. has a 1-year low of $19.00 and a 1-year high of $30.11. The firm has a market capitalization of $57.41 billion, a P/E ratio of 21.92 and a beta of 0.93.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.04. The company earned $5.62 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Enterprise Products Partners L.P. had a return on equity of 12.45% and a net margin of 11.06%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. On average, analysts anticipate that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Monday, October 31st will be given a dividend of $0.405 per share. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.03%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 128.00%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. raised its position in shares of Enterprise Products Partners L.P. by 94.3% in the second quarter. Johnson Financial Group Inc. now owns 3,621 shares of the company’s stock worth $106,000 after buying an additional 1,757 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Enterprise Products Partners L.P. during the second quarter worth $116,000. Hanson McClain Inc. raised its position in shares of Enterprise Products Partners L.P. by 52.9% in the second quarter. Hanson McClain Inc. now owns 3,970 shares of the company’s stock worth $116,000 after buying an additional 1,374 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new position in shares of Enterprise Products Partners L.P. during the second quarter worth $117,000. Finally, Kelman Lazarov Inc. raised its position in shares of Enterprise Products Partners L.P. by 34.1% in the second quarter. Kelman Lazarov Inc. now owns 4,134 shares of the company’s stock worth $120,000 after buying an additional 1,052 shares during the last quarter. Hedge funds and other institutional investors own 35.68% of the company’s stock.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

5 Day Chart for NYSE:EPD

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