Jefferies Group restated their buy rating on shares of Enterprise Products Partners L.P. (NYSE:EPD) in a research note published on Sunday morning. The firm currently has a $33.00 target price on the stock.

Other research analysts have also recently issued research reports about the stock. Vetr cut shares of Enterprise Products Partners L.P. from a strong-buy rating to a buy rating and set a $29.70 target price on the stock. in a report on Monday, September 5th. Wunderlich cut their target price on shares of Enterprise Products Partners L.P. from $33.00 to $32.00 and set a buy rating on the stock in a report on Wednesday, August 31st. Evercore ISI started coverage on shares of Enterprise Products Partners L.P. in a report on Thursday, September 15th. They issued a buy rating and a $30.00 target price on the stock. Mizuho started coverage on shares of Enterprise Products Partners L.P. in a report on Thursday, September 29th. They issued a buy rating and a $32.00 target price on the stock. Finally, Deutsche Bank AG cut their target price on shares of Enterprise Products Partners L.P. from $34.00 to $32.00 and set a buy rating on the stock in a report on Monday, October 10th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $31.94.

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

Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.89 on Friday. Enterprise Products Partners L.P. has a 12-month low of $19.00 and a 12-month high of $30.11. The firm has a market cap of $56.24 billion, a P/E ratio of 21.48 and a beta of 0.93. The firm’s 50-day moving average is $26.92 and its 200 day moving average is $27.17.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s revenue was down 20.8% on a year-over-year basis. Equities analysts forecast that Enterprise Products Partners L.P. will post $1.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 31st will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Thursday, October 27th. This is a positive change 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%.

A number of hedge funds have recently added to or reduced their stakes in EPD. Johnson Financial Group Inc. raised its stake 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 valued at $106,000 after buying an additional 1,757 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Enterprise Products Partners L.P. during the second quarter valued at $116,000. Hanson McClain Inc. raised its stake 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 valued at $116,000 after buying an additional 1,374 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in Enterprise Products Partners L.P. during the second quarter valued at $117,000. Finally, Kelman Lazarov Inc. raised its stake 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 valued at $120,000 after buying an additional 1,052 shares during the last quarter. 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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