Enterprise Products Partners L.P. (NYSE:EPD) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They currently have a $30.72 price target on the stock. Vetr‘s price target indicates a potential upside of 11.95% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reduced their target price on shares of Enterprise Products Partners L.P. from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday. Wolfe Research began coverage on shares of Enterprise Products Partners L.P. in a research report on Friday. They issued an “outperform” rating for the company. Mizuho began coverage on shares of Enterprise Products Partners L.P. in a research report on Thursday, September 29th. They issued a “buy” rating and a $32.00 target price for the company. Credit Suisse Group AG raised shares of Enterprise Products Partners L.P. from a “neutral” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Monday, September 19th. Finally, Evercore ISI initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Thursday, September 15th. They issued a “buy” rating and a $30.00 target price for the company. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.99.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) traded up 2.08% on Monday, hitting $27.44. 2,863,601 shares of the stock traded hands. The stock has a market cap of $57.39 billion, a PE ratio of 21.92 and a beta of 0.93. Enterprise Products Partners L.P. has a 1-year low of $19.00 and a 1-year high of $30.11. The stock has a 50 day moving average of $26.84 and a 200-day moving average of $27.14.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, October 31st will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.90%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. Enterprise Products Partners L.P.’s dividend payout ratio is presently 128.00%.

Several institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. boosted its position in 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 acquired a new position in Enterprise Products Partners L.P. during the second quarter worth about $116,000. Hanson McClain Inc. boosted its position in 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 acquired a new position in Enterprise Products Partners L.P. during the second quarter worth about $117,000. Finally, Kelman Lazarov Inc. boosted its position in 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.

Enterprise Products Partners L.P. Company Profile

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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