Equities research analysts at Ladenburg Thalmann began coverage on shares of Enterprise Products Partners L.P. (NYSE:EPD) in a research report issued on Wednesday. The firm set a “buy” rating on the stock.

A number of other brokerages have also recently issued reports on EPD. Credit Suisse Group AG reissued a “hold” rating on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 target price on shares of Enterprise Products Partners L.P. in a report on Friday, July 29th. Morgan Stanley cut shares of Enterprise Products Partners L.P. from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $33.00 to $30.00 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 $30.56 target price on the stock. in a report on Wednesday, September 28th. Finally, Mizuho began coverage on shares of Enterprise Products Partners L.P. in a report on Thursday, September 29th. They set a “buy” rating and a $32.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.70.

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

Shares of Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.59 on Wednesday. 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 $53.79 billion, a P/E ratio of 20.82 and a beta of 0.90. The company’s 50 day moving average price is $26.41 and its 200 day moving average price is $27.28.

Enterprise Products Partners L.P. (NYSE:EPD) last issued its earnings results on Thursday, October 27th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. Enterprise Products Partners L.P. had a net margin of 11.19% and a return on equity of 11.95%. The business had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.87 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts forecast that Enterprise Products Partners L.P. will post $1.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 31st were issued 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 6.33%. The ex-dividend date was Thursday, October 27th. Enterprise Products Partners L.P.’s dividend payout ratio is currently 131.71%.

Several hedge funds have recently bought and sold shares of EPD. Bank of Montreal Can purchased a new stake in Enterprise Products Partners L.P. during the second quarter worth $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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, American Century Companies Inc. purchased a new stake in Enterprise Products Partners L.P. during the second quarter worth $103,798,000. Institutional investors own 35.76% of the company’s stock.

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.

5 Day Chart for NYSE:EPD

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