Enterprise Products Partners L.P. (NYSE:EPD) – US Capital Advisors cut their FY2016 EPS estimates for shares of Enterprise Products Partners L.P. in a research report issued on Friday. US Capital Advisors analyst B. Followill now forecasts that the firm will post earnings of $1.19 per share for the year, down from their previous estimate of $1.22. US Capital Advisors also issued estimates for Enterprise Products Partners L.P.’s Q4 2016 earnings at $0.30 EPS, Q1 2017 earnings at $0.32 EPS, Q2 2017 earnings at $0.36 EPS and Q3 2017 earnings at $0.36 EPS.

Enterprise Products Partners L.P. (NYSE:EPD) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business earned $5.92 billion during 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 business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share.

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

A number of other equities analysts have also recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Sunday, October 16th. Vetr cut shares of Enterprise Products Partners L.P. from a “strong-buy” rating to a “buy” rating and set a $30.56 price target on the stock. in a research note on Wednesday, September 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price target on shares of Enterprise Products Partners L.P. in a research note on Monday, October 31st. 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 on the stock in a research note on Monday, September 19th. Finally, Wolfe Research initiated coverage on shares of Enterprise Products Partners L.P. in a research note on Friday, October 7th. They set an “outperform” rating 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 stock presently has a consensus rating of “Buy” and an average price target of $31.62.

Enterprise Products Partners L.P. (NYSE:EPD) opened at 25.24 on Monday. The firm has a 50 day moving average of $26.41 and a 200-day moving average of $27.28. Enterprise Products Partners L.P. has a 12-month low of $19.00 and a 12-month high of $30.11. The stock has a market cap of $53.06 billion, a PE ratio of 20.54 and a beta of 0.90.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 31st were issued a $0.405 dividend. This is a positive change from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $1.62 annualized dividend and a yield of 6.42%. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is presently 131.71%.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average price of $25.27 per share, for a total transaction of $101,080.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 37.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EPD. Johnson Financial Group Inc. raised its position 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. Vantage Investment Advisors LLC raised its stake in Enterprise Products Partners L.P. by 1.8% in the third quarter. Vantage Investment Advisors LLC now owns 4,034 shares of the company’s stock worth $111,000 after buying an additional 73 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Enterprise Products Partners L.P. by 217.8% in the third quarter. Financial Management Professionals Inc. now owns 4,144 shares of the company’s stock worth $114,000 after buying an additional 2,840 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Enterprise Products Partners L.P. during the second quarter worth about $116,000. Finally, 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 worth $116,000 after buying an additional 1,374 shares in the last quarter. Hedge funds and other institutional investors own 35.76% 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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