Enterprise Products Partners L.P. (NYSE:EPD) – Investment analysts at Jefferies Group dropped their FY2016 earnings estimates for shares of Enterprise Products Partners L.P. in a report released on Thursday. Jefferies Group analyst C. Sighinolfi now anticipates that the firm will earn $1.27 per share for the year, down from their prior forecast of $1.31. Jefferies Group also issued estimates for Enterprise Products Partners L.P.’s FY2017 earnings at $1.35 EPS.

A number of other equities research analysts have also recently commented on the stock. Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.32 target price on the stock in a research note on Wednesday, August 10th. Credit Suisse Group AG set a $34.00 target price on shares of Enterprise Products Partners L.P. and gave the stock a “hold” rating in a research note on Thursday, August 18th. Morgan Stanley cut shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $33.00 to $30.00 in a research note on Thursday, August 18th. Evercore ISI initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Thursday, September 15th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Wolfe Research initiated coverage on shares of Enterprise Products Partners L.P. in a research report on Friday, October 7th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.99.

Earnings History and Estimates for Enterprise Products Partners L.P. (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) traded down 1.3094% during trading on Friday, reaching $26.8241. The company’s stock had a trading volume of 1,850,734 shares. The company has a market cap of $56.10 billion, a P/E ratio of 21.4250 and a beta of 0.93. Enterprise Products Partners L.P. has a 52 week low of $19.00 and a 52 week high of $30.11. The company’s 50 day moving average price is $26.91 and its 200 day moving average price is $27.15.

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

Several hedge funds have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC raised its stake in shares of Enterprise Products Partners L.P. by 4.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 5,000 shares of the company’s stock worth $123,000 after buying an additional 200 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in shares of Enterprise Products Partners L.P. during the first quarter worth about $1,920,000. State Street Corp raised its stake in shares of Enterprise Products Partners L.P. by 5.6% in the first quarter. State Street Corp now owns 1,121,620 shares of the company’s stock worth $27,615,000 after buying an additional 59,921 shares in the last quarter. Cypress Wealth Advisors LLC raised its stake in shares of Enterprise Products Partners L.P. by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 61,835 shares of the company’s stock worth $1,522,000 after buying an additional 4,094 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Enterprise Products Partners L.P. by 21.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,149 shares of the company’s stock worth $2,909,000 after buying an additional 20,932 shares in the last quarter. 35.68% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Monday, October 31st will be paid 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 5.96%. The ex-dividend date of this dividend is Thursday, October 27th. Enterprise Products Partners L.P.’s payout ratio is currently 128.00%.

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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