Enterprise Products Partners L.P. (NYSE:EPD) has been given a consensus recommendation of “Buy” by the twenty-five analysts that are presently covering the stock. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.70.

EPD has been the topic of a number of analyst reports. Credit Suisse Group AG set a $34.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “hold” rating in a report on Thursday, August 18th. Vetr cut shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.72 price objective on the stock. in a report on Monday, October 10th. Evercore ISI initiated 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 price objective on the stock. Morgan Stanley cut shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $33.00 to $30.00 in a report on Thursday, August 18th. Finally, Wolfe Research initiated coverage on shares of Enterprise Products Partners L.P. in a report on Friday, October 7th. They issued an “outperform” rating on the stock.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.26 on Monday. The firm’s 50-day moving average is $26.41 and its 200-day moving average is $27.28. 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 $53.10 billion, a PE ratio of 20.55 and a beta of 0.90.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, October 27th. The company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. The company had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.87 billion. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. Equities analysts expect that Enterprise Products Partners L.P. will post $1.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 31st were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.41%. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, October 27th. Enterprise Products Partners L.P.’s dividend payout ratio is 131.71%.

Several hedge funds have recently bought and sold shares of EPD. Bank of Montreal Can bought a new stake in Enterprise Products Partners L.P. during the second quarter worth about $204,184,000. ING Groep NV raised its stake in Enterprise Products Partners L.P. by 34.5% in the second quarter. ING Groep NV now owns 16,170,780 shares of the company’s stock worth $472,995,000 after buying an additional 4,147,645 shares during the period. Alps Advisors Inc. raised its stake in Enterprise Products Partners L.P. by 13.9% in the third quarter. Alps Advisors Inc. now owns 33,912,854 shares of the company’s stock worth $937,012,000 after buying an additional 4,129,099 shares during the period. Toronto Dominion Bank raised its stake in Enterprise Products Partners L.P. by 733.3% in the second quarter. Toronto Dominion Bank now owns 4,217,425 shares of the company’s stock worth $123,402,000 after buying an additional 3,711,300 shares during the period. Finally, American Century Companies Inc. bought a new stake in Enterprise Products Partners L.P. during the second quarter worth about $103,798,000. 35.69% of the stock is owned by institutional investors and hedge funds.

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.

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