Enterprise Products Partners L.P. (NYSE:EPD) – Investment analysts at Jefferies Group issued their Q3 2016 earnings estimates for shares of Enterprise Products Partners L.P. in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi anticipates that the brokerage will post earnings per share of $0.31 for the quarter. Jefferies Group has a “Buy” rating and a $33.00 price target on the stock.

Several other brokerages have also recently issued reports on EPD. Vetr upgraded shares of Enterprise Products Partners L.P. from a “buy” rating to a “strong-buy” rating and set a $30.20 target price on the stock in a report on Tuesday, October 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, July 29th. Mizuho began coverage on shares of Enterprise Products Partners L.P. in a research report on Thursday, September 29th. They set a “buy” rating and a $32.00 price target for the company. Wolfe Research began coverage on shares of Enterprise Products Partners L.P. in a research report on Friday, October 7th. They set an “outperform” rating for the company. Finally, 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 price target for the company in a research report on Monday, September 19th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.94.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 26.59 on Monday. Enterprise Products Partners L.P. has a 12 month low of $19.00 and a 12 month high of $30.11. The company’s 50-day moving average is $26.92 and its 200 day moving average is $27.22. The company has a market capitalization of $55.62 billion, a price-to-earnings ratio of 21.24 and a beta of 0.93.

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 consensus estimate of $0.31 by $0.04. The business had revenue of $5.62 billion for 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 business’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share.

Large investors have recently added to or reduced their stakes in the stock. Groesbeck Investment Management Corp NJ boosted its stake in Enterprise Products Partners L.P. by 58.6% in the first quarter. Groesbeck Investment Management Corp NJ now owns 22,520 shares of the company’s stock worth $554,000 after buying an additional 8,320 shares in the last quarter. AXA boosted its stake in Enterprise Products Partners L.P. by 15.0% in the first quarter. AXA now owns 24,142 shares of the company’s stock worth $594,000 after buying an additional 3,142 shares in the last quarter. Forward Management LLC bought a new stake in Enterprise Products Partners L.P. during the first quarter worth about $891,000. BP Capital Fund Advisors LLC boosted its stake in Enterprise Products Partners L.P. by 28.9% in the first quarter. BP Capital Fund Advisors LLC now owns 71,370 shares of the company’s stock worth $1,757,000 after buying an additional 16,000 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC boosted its stake in 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. 35.69% of the stock is currently owned by hedge funds and other institutional investors.

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 paid a $0.405 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $1.62 dividend on an annualized basis and a yield of 6.09%. 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 (DPR) 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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